When French firm Iranex announced in November that it was merging Bio Serae Laboratoires and Colloides Naturels International (CNI) to form Nexira (an anagram of Iranex), some wondered about the wisdom of scrapping two established and recognised brands.
Danisco has reported the first quarter of year-on-year growth for its sweeteners division since xylitol problems struck two years, but staff reductions are on the cards to get a strong foothold on profitability.
Danisco sold ‘somewhat disappointing’ volumes of xylitol at the start of its new financial year, but says the sweeteners division is on track for recovery thanks temporary closure of xylitol plants and inventory reductions.
Danisco is confident in the long term strength and potential of food cultures – so much so it recently pledged €60m to expand capacity. That confidence is based on three pillars, says Danisco Cultures’ VP: convenience, health, and food safety.
Appointments over the last month include a new sales director at Land O’Lakes to grow its national accounts and an award-winning French pastry chef has joined Barry Callebaut’s chocolate academy. Diamond Foods has created a new sales position and Chr...
Frutarom is acquiring Acatris Health for €10.5m cash in the latest
step in its rapid expansion programme - a move expected to bolster
its R&D and human resources, and create new cross-selling
Finnish food group Raisio has downgrades its expectations for
full-year 2006 as it grapples with the weak performance by its
Finnish, Swedish and Russian food business and diagnostics, and
carries the costs of restructuring.