Swiss bakery business Aryzta has downgraded its full-year 2018 EBITDA, previously projected to be ‘broadly in line’ with last year, but now expected to be around 15% lower.
DSM saw a 42% increase in net profit in the first half of 2017 and has revised upwards its outlook for the rest of the year. “We are outpacing the market,” says CEO Feike Sijbesma.
AromataGroup has bought a majority stake in Fiorio Colori in a deal that represents the last of an acquisition spree by the flavour and aromatic extract specialists.
A shortage of pork, caused by recent outbreaks of the porcine epidemic diarrhoea virus (PEDv) virus, will be a key concern for many countries in the coming months, according to a new report by Rabobank.
Pre-tax profit at Tate & Lyle’s Speciality Food Ingredients (SFI) division took a hit in its first quarter from strikes in Turkey and lower volume sales in sucralose.
Bakery ingredients supplier CSM’s planned restructuring programme to offset weak consumer demand will result in 500 job losses, revealed the company when releasing its Q3 interim statement yesterday.
Frutarom has signed an agreement to acquire fellow Israeli firm
Raychan Food Industries - its third buy in flavours arena this year
and one that will allow it to expand its offering to existing
clients on a worldwide basis.
