A number of recent acquisitions by Irish food ingredients, flavours
and consumer foods group Kerry will help the group post 2002
results in line with market expectations.
Although the yields from organic agriculture are lower than those
of conventional production, in the long term it is a much more
efficient method of farming, Swiss research has shown.
In the US, Rocky Mountain Chocolate Factory has won the National
Paperbox Association's Gold Award for its new line of gift
packaging designed for franchised Rocky Mountain Chocolate Factory
retail stores.
Philip Morris, the tobacco-to-food group, has agreed to sell its
Miller brewing unit to the London-listed South African Breweries, a
move which will turn SABMiller into the world's second largest
brewer.
A new brand of organic bread has been launched in Belgium which
will also help protect the environment via a link up with the
Belgium arm of the Worldwide Fund for Nature (WWF).
Switzerland's Lonza group has confirmed its commitment to the
construction of a major new production facility in the town of Visp
with the announcement of a SFr100 million (€68.4m) investment in a
biopharmaceuticals manufacturing...
The future of the vitamins unit of Swiss drug group Roche could be
decided soon, with German press reports suggesting that DSM is the
leading candidate to buy the business.
As the science behind the food additives industry continues to
develop, so will the size of the market, according to a new report
from US market research company Business Communications Company
(BCC).
Sir Peter Davis, chief executive of Sainsbury's, the UK's second
largest supermarket group, said he was pleased with the group's
performance in the year to 30 March 2002, the first full year of
Sainsbury's recovery...
The acquisition of French food group Lustucru by pasta maker
Panzani has been given the green light by the French competition
authorities, on the condition that the deal does not include
Lustucru's dry pasta arm.
Canadian independent maple syrup manufacturer Siropac, has chosen
Tetra Pak Canada's 250ml Tetra Brik Aseptic carton for packaging
its new maple syrup.
Robertet, the French flavours and fragrances group, has seen a
sharp rise in its share price this year helped by renewed interest
in the sector due to a number of high profile transactions. The
company's chairman Philippe Maubert...
Benecol, the range of cholesterol-lowering products created by the
Finnish group Raisio, will be made available in a number of new
markets following key distribution agreements.
US spirits group Brown-Forman has decided to end its distribution
deal with Diageo which in the UK from 1 August and link up instead
with the privately owned Bacardi group.
Spherix has begun legal proceedings against its licensee MD Foods
claiming that the Danish company has taken an unreasonably long
time to bring foods containing its sweetener tagatose to market.
Bayer AG is to shortlist two or three buyers for its Haarmann &
Reimer fragrances and flavours unit within two weeks and is on
course to earn more than it first expected from the disposal due to
aggressive bidding, sources said...
UK manufacturer and supplier of flavour and fragrance ingredients,
Treatt, this week announced that group turnover had increased by 7
per cent to £14,454,000 (€21,250) for the six months ended 31 March
2002.
The trend away from traditional eating patterns and towards
undisciplined dietary chaos continues to gain pace in the Western
world. According to new study from market analysts Datamonitor,
breakfast, lunch and dinner are no longer...
Shares in Japan's scandal-ridden Snow Brand Milk Products Co soared
more than 11 per cent on Tuesday after investors saw signs of a
practical revival plan
French starch company Cerestar, recently purchased by US
agribusiness Cargill, reported a drop in sales but increase in
operating income for the period of three months ending 31 March
2002.
US food technology company Spherix, the owner of the new sweetener
tagatose, announced this week that the company is to obtain its own
source of production for non-food uses of the product
Wimm-Bill-Dann, the Russian food and drink producer, has denied
reports in the international press that it is being eyed by Nestle,
the giant Swiss food and drink group.
US-based Usana Health Sciences has been granted a US patent
covering the extraction of antioxidant-rich compositions from
olives and the solid by-products of olive oil production.
Danish food ingredients company Aarhus Olie launched a nutritional
oil at the Vitafoods International trade fair in Geneva this week.
The product marks the companys first foray into the functional
foods markets.
At the Vitafoods exhibition in Geneva, Switzerland, this week
Israeli soy ingredients company Solbar Hatzor presented two new
product introductions to the company's portfolio.
US gum manufacturer Adams is seen as a 'must-have' acquisition for
Cadbury Schweppes if it wants to truly become a global player. But
it faces strong opposition from rival players.
French wine and spirits group Pernod Ricard has posted a 20.8 per
cent rise in sales in the first quarter, its first reporting period
since taking over 17 Seagram brands, and said it was on track to
meet its full-year targets.
US agribusiness giant Archer Daniels Midland started operations
this week at its joint venture crusher in China with a big daily
soybean crushing capacity of 3,600 tonnes.
Irish food group Glanbia has confirmed that it has been forced to
close its UK consumer meat division as a result of worsening
trading conditions. The closure of the unit will lead to the loss
of around 717 jobs and net losses of...
The UK-based Council for the Protection of Rural England (CPRE) has
called on the country's supermarket groups to increase their
sourcing of local food to 5 per cent of all food lines and 5 per
cent of sales by 2005.
A report by independent market analyst Datamonitor finds that
marketers need to reassess their strategies to account for the
growth in the number of over 50 year olds.
Food group Nestle has reiterated its interest in parts of the
functional food unit put up for sale by Novartis after a top
executive said he would like to have the Ovaltine brand in Nestle's
portfolio.
Danisco, the Danish company which claims to be the world's leading
supplier of flavours to the coffee industry, has launched a new
concept - Danisco Seasonal Coffee Flavours.
DSM Food Specialties is highlighting a new range of SavorKey yeast
extract-based flavours offering a boiled beef and boiled chicken
taste at this week's IFIA exhibition in Tokyo, Japan.
The sugar-laden diet of Mexicans is putting their health in
jeopardy, but concerns over taste are hindering the uptake of
reduced sugar products, according to a recent survey
Cerebos Pacific, the Singapore-based company best known for its
BRAND'S Essence of Chicken brand, has launched a new health
supplement which contains no essence of chicken, the first
non-chicken based product made by the company.
European producers of caramel colours, who face a mature market in
Western Europe, are looking to the east to tap into double digit
growth, finds a new market report. The total European caramel
market is expected to reach €32.37m...
Europe's chocolate manufacturers yesterday strongly rejected a US
lawsuit alleging that they had failed to disclose that some of
their products contained hazardous levels of toxic metals.
Danisco announced its acquisition of Belgian-based flavouring
company Perlarom, boosting its position in Europe to the sixth
largest flavourings manufacturer. It said its flavour sales
worldwide will amount to around €240 million...
