Several leading soft drinks players, including global giants
Coca-Cola and PepsiCo, have expressed an interest in buying US
group Nantucket Nectars, the latest niche player to draw the
attention of the major carbonate manufacturers.
German chemicals company Degussa AG has completed most of an
ambitious disposal program after agreeing to a €265 million sale of
its gelatin business, SKW Gelatin & Specialties, to Sobel NV of
the Netherlands.
The Ross Products Division of Abbott Laboratories has announced
plans to launch an infant formula supplemented with two fatty acids
that function as nutritional building blocks in brain and eye
development.
A group of Canadian organic farmers launched a lawsuit against
biotech giants Monsanto Co. and Aventis SA on Thursday seeking
compensation for damages caused by genetically modified canola they
say is blowing into their fields.
AOL Time Warner, the world's largest advertiser, today announced a
multi-million dollar enhanced cross-platform advertising and
marketing partnership with Unilever
Organic food promoter the Soil Association has refuted claims made
in a recent survey by Mintel that consumers are becoming
increasingly cynical about the safety of organic food
The Juice & Smoothie Association (JASA) claims that the US
market for health-related juices and smoothies could soon hit the
$1 billion mark, according to a report in the New Nutrition
Business newsletter.
British food retailer Iceland Group Plc warned on Wednesday it
would miss its target of flat full-year sales after a sharp drop in
its frozen food business over the Christmas period, pushing its
shares down
Kraft Foods Inc., a global leader in branded foods and beverages,
has reshuffled its senior management by naming Frank Meegan, 53,
Senior vice President, and Alene M. Korby, 47, Senior Vice
President Procurement and Integrated Supply...
Opta Food Ingredients today announced a restructuring program that
is designed to reduce the company's overall cost structure by
approximately $1 million annually.
Archer Daniels Midland Co. said on Tuesday it had been awarded a
patent covering certain plant-derived health foods known as
nutraceuticals that will speed up its growth in the sector
Kerry, the global ingredients, flavours and consumer foods Group,
today announced the acquisition of Aromont S.A. headquartered in
Montcornet, France and the proposed acquisition of Stearns &
Lehman Inc., headquartered in Mansfield,...
Diversa Corp. and Givaudan Flavors Corporation today announced that
they have entered into an agreement to discover and develop novel
enzymes and processes for the cost-effective production of new
products for consumer applications
Penford Corporation announced today that it will strategically
restructure business operations to strengthen the Company's
position as a market leader in delivering
technically-differentiated, specialty ingredients to the food,...
Brazilian imports of Argentine wheat have ground to a halt but
millers have sufficient stocks until the end of January, grain
analysts and industry sources said Thursday.
To satisfy growing demand, both internationally and in the United
States, the production of Danisco antioxidants recently began in
St. Louis, Missouri.
The Philippine government is close to approving Kirin Brewery's
planned investment in San Miguel after assurances that the deal
would not weaken the country's equity position in its biggest food
and beverage company
The European Commission said on Wednesday it had extended its
review of U.S. agribusiness giant Cargill's planned purchase of a
unit of Italy's agro-energy conglomerate Montedison
Cargill has sold 55,000 tonnes of Thai raw sugar to Russia, the
world's top sugar importer, for January shipment at undisclosed
prices, trade sources told Reuters on Thursday.
Philippine conglomerate RFM Corporation on Thursday completed the
sale of soft drink unit Cosmos Bottling Corp to a San Miguel Corp
joint venture through a series of transactions in the share market,
an RFM spokesman said.
ConAgra Foods' recent move to separate financial results of its
branded foods from agricultural businesses might be more than a
bookkeeping shuffle, and could prepare the ground for an eventual
spinoff or sale of the company's...
Russia's leading dairy products and fruit juices company is set to
launch an initial public offering on the New York Stock Exchange in
the next few weeks.
Shares of ImClone Systems Inc. fell nearly 16 percent on Monday
after regulators said they would not accept the biotechnology
company's application to sell its eagerly awaited colon cancer
drug, Erbitux.
Fast food chain Burger King announced yesterday it was to create
1,250 jobs next year, by opening 35 restaurants, bringing the total
number of UK outlets up to 720.
French dairy giant Group Danone is reviving its plans for India. It
has now proposed to convert its proposed 80 per cent subsidiary
into a 100 per cent company, and capitalise it to Rs 150 crore over
five years instead of the original...
Nestlé sweetened its position as one of the world's largest
ice-cream makers on Thursday by agreeing to pay General Mills $641m
for the 50 per cent stake of Ice Cream Partners USA it did not
already own.
BASF is to lodge an appeal against the fine imposed by the European
Commission on November 21, 2001 with the responsible European Court
of First Instance in Luxembourg.
Britain's trade ministry asked the European Commission last week to
allow it to study the impact of Cargill Inc's proposed acquisition
of French starch maker Cerestar , because of UK competition
worries.
French food group Danone on Thursday made a final extension to its
bid for New Zealand drinks maker Frucor Beverages Group Ltd but
left the bid price unchanged at NZ$2.35 a share.
Agribusiness giant Archer Daniels Midland Co. said it had no plans
to rehire former Chief Operating Officer and Vice Chairman Michael
Andreas, who was released from a federal prison early on Wednesday
after serving time on price-fixing...
ConAgra Foods, Inc. announced this week that it has purchased the
David & Sons sunflower seeds and snack business from Nestle
USA, Inc., a subsidiary of Swiss-based Nestle S.A. Terms of the
transaction were not disclosed.
The British organic dairy products market is to show healthy growth
in the coming years however oversupplies are set to continue,
market analysts Organic Monitor report this week.
European Union governments agreed to hefty cuts to next year's
fishing quotas on Tuesday after all-night talks that pitted
national interests against arguments that stocks were in grave
danger.
The Food and Consumer Products Manufacturers of Canada (FCPMC)
announced this week that it is appalled at the Canadian Dairy
Commission's (CDC) decision to ignore consumer and industry
concerns by announcing an exorbitant and...
US food and drink company Kraft Foods announced on Wednesday that
FS Acquisition Corp., a subsidiary of Catterton Partners, is to
acquire the U.S.-based Farley and Sathers confectionery businesses
from Kraft.
"Prosciutto is ham" a full-page ad read in Finland's largest daily
on Wednesday, a response to Italy's Prime Minister who reportedly
said Helsinki should not get the new EU food agency because Finns
knew nothing...
US foods and beverages company Kraft Foods announced this week an
agreement whereby pasta giant Barilla Alimentare S.p.A will acquire
Kraft's Mexican pasta business, including the Yemina and Vesta
brands.
French group Groupe Danone has signed a partnership agreement with
the Egyptian Rachid group for the Egypt, Near and Middle East
region, in respect of its three core businesses, Fresh Dairy
Products, Biscuits and Beverages.
The US Justice Department on Tuesday approved plans by the largest
U.S. dairy, Suiza Foods Corp. to acquire rival Dean Foods Co. after
the companies agreed to sell 11 of their U.S. dairy plants.
Companies worldwide could save on aggregate $2.3 trillion (€2.6
trillion) a year by using the Internet to purchase resources
ranging from office supplies to plane tickets, a study released on
Monday said.
Danish ingredients company Danisco this week reported a five per
cent increase in net sales in the company's main business areas -
Ingredients, Sweeteners and Sugar.
The Spanish may not have managed to persuade the British to leave
Gibraltar but UK retailer Marks & Spencer Plc finally pulled
out of Madrid on Saturday.
Neither a price hike nor the added strain of life in the United
States since the terror attacks of Sept 11 have deterred some
chocolate buyers from getting their dose of sweets, say industry
watchers.