Retailers and food manufacturers in the UK will be encouraged to
work more closely and extensively with organic producers under a
new 21-point action plan drawn up by the UK government.
An extraordinary court case has entered the US judicial system.
According to a recent BBC news report a group of overweight
Americans have sued several US fast food giants accusing them of
knowingly serving meals that cause obesity...
British drinks giant Diageo on Thursday announced that it has
completed the sale of Burger King Corporation to a private equity
consortium, composed of Texas Pacific Group (TPG), Bain Capital and
Goldman Sachs Capital Partners, that...
Two former executives of the now-defunct Snow Brand Foods Co.
pleaded not guilty on Wednesday to charges of fraudulently
obtaining some 200 million yen (€1.7m) by falsely labelling meat to
receive subsidies under a government beef...
Agribusiness giant Archer Daniels Midland (ADM) on Wednesday said
quarterly earnings doubled due to payments from an antitrust suit,
but profits from its core soybean and corn processing operations
fell.
ConAgra Foods, the number two North American food company, has
received antitrust clearance for the planned sale of 54 per cent of
its fresh meat operations to an investor group.
After the first six months of 2002, US milk production has
continued to outpace dairy product demand, resulting in a
significant increase in stocks, the International Dairy Foods
Association (IDFA) reports this week.
A move by US oil processor Bunge to purchase French oil seed
company Cereol looks set to push it into the number one slot, ahead
of Cargill, as the world's largest soybean processor. Ingredients
company Central Soya, a subsidiary...
In a move to strengthen brand recognition Degussa BioActives, a
supplier of health ingredients for the food and dietary supplement
industry, has launched new logos for its supplements Cholestatin
and Arthred.
Labelling issues once again came under the spotlight this week when
the UK Food Standards Agency (FSA) and Diabetes UK issued a joint
statement condemning foods which claim to be labelled as suitable
for diabetics but in fact are...
Mergers and dynamic growth are set to mark the European food
retailing landscape in the near future according to a new report
from market research company Mintel.
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...
Consumers are increasingly making grocery purchases for immediate,
or atleast very short-term, consumption. A major reason for this
change is thatpeople's schedules and diaries are changing with only
a few days notice, the report...
Colour, flavour and fragrance company Sensient Technologies this
week announced double digit growth for the second quarter ended 30
June 2002. Revenue increased 17.5 per cent to $239.6 million
(€235m), up from $203.9 million reported...
The number five flavours and fragrances maker has been bought by
private equity group EQT. The company is to be merged with rival
firm Dragoco, creating a new company with a sales potential of
€1,245 million.
Clover Corp DHA oil to be added to bread produced by Australia's
George Weston Foods, a partnership which could be extended to
markets around the world.
The Confederation of the Food and Drink Industries of the EU
(CIAA), together with the Danish Food and Drink Federation, this
week submitted to the Danish authorities a memorandum summarising
the industry position on the Presidency...
US soup company Campbell Soup Co. on Tuesday said a year-old plan
to revive its sluggish $2 billion (€2bn) retail US soup business
was on track, but it declined to give earnings guidance for the
fiscal year that starts in August.
In a bid to improve customer services in the Japan and Korea, DSM
Food Specialities has expanded its activities in the two countries
with new offices for its Savoury Ingredients and Nutritional
Ingredients business units.
Nestle plans to wrestle market share away from its rivals in the
crowded $1.4 billion (€1.39bn) snack/energy bar category with a $9
million national print, outdoor and sampling campaign it hopes will
separate its PowerBar Pria bars...
Overcapacity has hit the British organic meat sector with
significant volumes of organic lamb and organic beef set to be sold
as conventional meat products this year, according to UK market
researchers Organic Monitor.
French food ingredients company Rhodia, through its subsidiaries
Rhodia Food and Rhodia Japan, announced this week that it has
formed a joint venture with Organo Corporation, a supplier of
processing food products , to develop and...
Pfizer, the world's largest drug firm, is to acquire smaller rival
Pharmacia for $60 billion in stock, published reports said on
Monday, creating an industry behemoth with a broad array of
best-selling products.
Milk drinking among American teenagers has increased for the first
time in six years, claims a new report, which finds that effective
marketing of flavoured milk could help improve the diets of many
teenagers.
Balchem Encapsulates has named National Starch and Chemical Company
(NSC) as its exclusive sales and marketing arm for its Vitashure
wellness ingredient product line to the food and nutritional
supplement markets in the Asia Pacific...
Japanese trading company Mitsui & Co, together with Land O'
Lakes, the Minnesota-based farmer-owned dairy cooperative, have
opened a €151 million cheese and dairy products plant in Tulare
County, US.
Natural ingredient company Kemin Foods this week continued its
quest to defend the rights of its purified, crystal lutein
ingredient FloraGLO(TM) when it filed a lawsuit against Pigmentos
Vegetales (PIVEG), a Mexican manufacturer...
Carbsense Foods, a US producer of low-carbohydrate food
alternatives for the retail and foodservice markets, has added
Garlic & Herb Pizza Crustand Honey Bran Muffin Mixes to its
line of low-carb dry mixes.
Vanilla, recognised as the world's most popular flavour, has had a
rough ride in recent years with the price rising steeply as a
result of tropical storms and a highly contested presidential
election in Madagascar, the country...
US confectionery group Hershey Foods on Tuesday sweetened its
second-quarter earnings forecast amid cost cutting and anticipated
demand for the Halloween and back-to-school seasons, reports CBS
Marketwatch.
RPC Containers Corby, the UK-based packaging supplier is supplying
its newly launched 1.2 litre Sapphire catering jar to leading
Italian food manufacturer F. Ili Saclà, for its "Food Service"
range of premium pesto and pasta...
UK drinks giant Diageo announced on Monday that during the
financial year ended 30 June 2002 the company had delivered
continued profitable top line growth, reports Dow Jones.
The current trend towards health foods is making an impact on the
€20.2bn global food additives industry with demand for low-fat,
low-calorie and functional foods ensuring future development of fat
replacers, hydrocolloids, sweeteners,...
Danish food ingredient giant Danisco this week reported a solid
profit of DKK 940 million (€126.4m) in preliminary results for the
year ending 30 April 2002.
Acquisitions in the ingredients and sweeteners sector boosted
sales...
The acquisition of Unilever's Mazola and associated brands in North
America by UK food company Associated British Foods (ABF) reached
completion on Tuesday, following clearance from the necessary
regulatory approvals.
Danish enzyme company Novozymes has increased its market share for
industrial micro-organisms with the purchase of US company
InterBio. On 1 July 2002, Novozymes took over the majority of the
activities of InterBio, based in Texas.
UK flavour ingredients company Treatt this week launched a new
addition to its range of TNF water-soluble distillates - Kiwifruit
Treattarome 9770, a new kiwifruit distillate. The company claims
that the new flavour can contribute...
Accelerade, the sports drink brand produced by PacificHealth
Laboratories, has become the official sponsor of The Hoop Group, an
organisation which runs basketball training camps for would-be
athletes.
New stricter Japanese regulations for organic food production have
had a major impact on market revenues, claims new research from
market analysts Organic Monitor.
US soup giant Campbell Soup has agreed to purchase Ireland's second
largest dry soup business, Erin Foods, for about $26 million
(€26.1m) from the Greencore Group.
Pfizer is preparing the sale of its chewing gum business Adams,
thought to be worth €4 to 5 billion. Nestle and Cadbury Schweppes
are both possible candidates.
Danish food ingredients company Danisco moved one step closer to
its ambition to become the world's number five flavour house when
it confirmed the company's acquisition of Belgian flavour house
Perlarom.
A €91 million sugar-substitute plant in western Turkey represents
the biggest greenfield investment made outside the US by Cargill,
the Minnesota-based food producer. Yet the problems faced by
Cargill in Turkey since the factory started...
Italian power company Edison is in exclusive talks with
agribusiness and food company Bunge to sell its 55 per cent
interest in French cooking oil company Cereol, the two companies
announced in a separate statements this week.
