Two major poultry businesses have agreed to work together in a new joint venture to provide chicken, turkey and duck to the UK retail and foodservice market.
The British agrifood giant has announced a new contract with American protein engineering firm Codexis
Nestlé is selling six of its Italian confectionery brands including Rossana and Fondenti to Italian manufacturer Fida.
Nomad has completed its acquisition of Findus becoming the largest frozen food in Western Europe, it announced yesterday.
Ecolab is to acquire the US operations of Swisher Hygiene for $40m in cash.
Bowman Ingredients is to make a multi-million pound investment in what it claims is the UK’s first dedicated production facility for gluten-free crumb products.
McDonald’s has launched a turnaround plan to fight falling sales across the business.
Frans Stortelder is to succeed Godert Tegelberg as chief operating officer of Pork Vion Food.
The chief executive of Danish Crown Pork (DC Pork) is to part company with the business after two years in the role.
26-year food ingredients veteran Olivier Rigaud is the new CEO of French herbal extracts leader Naturex, moving from tate & Lyle, where he has been the chair of Specialty Food Ingredients since 2010.
Cargill plant in Ukraine ‘occupied’ by armed individuals
Cargill has said its sunflower-seed processing plant in eastern Ukraine has been seized by ‘armed individuals’ amid escalating violence in the region.
Danish Crown gains new CEO for beef
Danish Crown has announced the new chief executive of its beef operations, following the announcement that the company’s ‘Mr Beef’, Lorenz Hansen, was stepping down from the role.
Copersucar and Cargill have announced an agreement to combine their global sugar trading activities into a new joint venture that will produce, commercialise and trade raw and white sugar.
Anuga attracts top-flight attendance
The recent Anuga Trade Fair saw more than 155,000 visitors from 187 different countries during the five-day event.
McDonald’s sees small rise in Q4 profits
Global burger giant McDonald’s has reported a small increase in profit for the fourth quarter of 2012, boosted by the recovery of US sales in December.
Alchemy Systems has said that its acquisition by a private equity group will allow the firm to expand its training platform and enter new markets.
French industrial business Groupe Caravelle has said it intends to acquire an equity stake in Naturex, following Spanish group Natraceutical’s sale of its 15.35% stake in the company earlier this month.
Birko has acquired Espy Technologies Inc. (ETI) to build on its food safety solutions from chemistry, equipment and technology.
Ecolab has acquired a Mexico-based manufacturer and provider of cleaning, sanitizing and water treatment products and services to strengthen its position in Latin America.
McDonald's sees flat performance
Fast food giant McDonald’s has reported “flat” comparable sales in July, despite strong results in the UK, Australia and Russia.
Kraft Foods head Irene Rosenfeld was paid $22m in 2011, according to figures in a recent filling to the US Securities and Exchange Commission.
Naturex has just received novel foods approval in China for its flavour masking system, Talin. President and chief executive of the botanicals group, Jacques Dikansky, revealed the news and discussed the integration of Burgundy when we caught up with...
Dupont, which earlier in the year warned that its May $6.49bn acquisition of Danisco would dent its yearly profits, has defied expectations in second quarter results published today.
Naturex will expand again in 2011 with several “€5-20m” targets, 1.5 years after completing the €110m integration of Spanish supplier Natraceutical that made the French botanical extracts supplier the biggest in the world.
Naturex president and chief executive officer, Jacques Dikansky, tells Shane Starling why in August the French botanicals giant bought Spanish supplier, Natraceutical Group, to double its size for the third time since 2002.
Rapid molecular tests being developed to speed up process
Gen-Probe and 3M have teamed up to develop rapid molecular tests
food processors can use to ensure the safety of their products, the
two companies announced this month.
Wheat experts push biotech need
Biotechnology is the key to the future of a competitive wheat
industry, said experts at a conference this weekend, according to a
report by Reuters.
MGPI suffers from lack of interest in low-carb
MGP Ingredients noted on Monday that a continued lack of demand for
low-carb products has led it to reduce its fiscal earnings guidance
for the year.
Epochal events in food safety
Under a new partnership and license and supply agreement,
BioControl has received the right to specific probe sequences from
Epoch Biosciences for use in the field of food safety testing.
ORAFTI expands activities in Australia
ORAFTI has chosen Queensland, Australia for its new inulin and
oligofructose production plant , which is set to open in 2003.
By gum, industry leader steps up production
Competition in the biogum sector is set to hot up with the news
today that US company CP Kelco is looking to boost production
capabilities to reinforce its position in the biogums marketplace.
Introducing Solae soy
A brand new ingredients company is to hit the marketplace. Backed
by US soybean giant Bunge and ingredients company DuPont Protein
Technologies, Solae, touting itself as 'one of the world's
premier developers and marketers...
Ingredients company RFI Ingredients, a supplier of natural
ingredients for the food and functional food industries, has signed
a merger agreement, effective from 1 November, with US nutritional
blends company Nat-Trop. The move looks...
A stake in health
Mergers and acquisitions in the food industry continue this week
with acquisitive Canadian company Stake technology taking over US
ingredients company Opta Food Ingredients at the price of €28m. The
move marks a bid by Stake to build...
Restructuring the right 'ingredient'
US company Opta Food Ingredients, a developer and manufacturer of
food ingredients, this week reported revenue growth to $7.4 million
(€7.2m) for the second quarter ended 30 June 2002, compared with
$7.0 million for the second quarter...
Packager wins safety award
Mondi Packaging UK's Great Yarmouth site has been awarded Silver in
the Anglo American CEO competition for outstanding performance in
Martek buys into DHA market
Microalgae company Martek Biosciences announced this week that it
has agreed to acquire OmegaTech, a US DHA producer located in
Colorado. The acquisition is expected to close within four to six
New branding for Cargill food
Under the theme, 'There's a new Cargill taking shape,' Cargill
recently announced a new brand strategy that focuses on helping
farm and food customers succeed, the company claimed. A new
corporate identity, or logo,...
San Miguel in talks with Filipino food firm
RFM Corp, the Philippines' second largest food firm, confirmed on
Monday it was in preliminary talks to sell its meat processing unit
Swift Foods to food and beer giant San Miguel.
Opta Food Ingredients announces corporate restructuring
Opta Food Ingredients today announced a restructuring program that
is designed to reduce the company's overall cost structure by
approximately $1 million annually.
Tyson CEO gets $2.1 million bonus
Tyson Foods Inc. awarded its Chief Executive Officer a $2.1 million
bonus for the latest fiscal year.
Revenues up for Penford N. American ingredients business
Specialty ingredient systems developer and manufacturer, Penford
Corporation, this year witnessed an improvement in operating
Almond growers receive early payment
US almond co-operative Blue Diamond Growers is to issue cheques
totalling $40 million to its nearly four thousand member growers on
January 4, 2002, the group announced this week.
Australian food group reports profit slump
Australian food group George Weston Foods Ltd on Friday posted a
23.6 percent slump in full year net profit to A$37.7 million, in
line with forecasts.
Coca-Cola is positive about growth
Coca-Cola Company announced that it remains confident it will meet
its earnings targets for the current year.
Mint and gum give a boost to Hershey
On July 20, the American confectionery company Hershey Foods
reported a 31 per cent increase in net income for the second
Hain Celestial buys meat alternatives
US natural and organic group, The Hain Celestial Group,Inc.
announced on Monday that it had acquiredprivately-held Yves Veggie
Cuisine Inc., a US...
More sauces and soups for Heinz
H.J. Heinz Co. announced on June 6 that it would acquire the pasta
sauce, dry bouillon and soup businesses from Borden Foods
Corporation, the American...
Foster's looking for new acquisitions
Foster's chief executive officer Ted Kunkel said the company was
looking at paying "reasonable prices" for bolt on acquisitions, and
moving into the...
IFF plans for BBA revealed
International Flavor & Fragrances Inc. provided yesterday an
update regarding its integration of Bush Boake Allen and the
progress of its reorganisation...