After a ‘defining’ financial year, in which Chr. Hansen acquired three businesses and divested one, CEO Mauricio Graber outlines the drivers behind its ‘cautious’ 2020/21 outlook.
French-headquartered dairy giant Danone said today that in accordance with its focus on capital allocation discipline and balance sheet strength, the company is selling its 6.61% stake in the Japanese company Yakult Honsha Co. Ltd.
French savoury ingredients supplier Solina has acquired UK-headquartered Bowman Ingredients, a supplier of coating systems to foodservice and retail food processors.
Just days after Chr. Hansen revealed its Natural Colors division is to undergo a strategic review, the company is launching two new products: a turmeric-based yellow and a spirulina blue.
In its newly launched 2025 Strategy, Chr. Hansen plans to increase focus on its microbial and fermentation technology programmes. Non-microbial assets therefore, such as its Natural Colors division, are not central to the new strategy, CEO Mauricio Graber...
Spanish flavour and fragrance group Iberchem Group is expanding its presence in South Africa. FoodNavigator spoke to regional CEO Quentin Questiaux to learn more about the priorities for the market.
Spanish food company Importaco is taking a controlling stake in Italian manufacturer Besana in a merger that will create ‘the European leader in nuts, dried fruit and seeds’.
The LIVEKINDLY co., which launched in March with the ambition of becoming one of the largest plant-based food companies, has acquired Swedish plant-based meat brand, Oumph!, known for its soy-based burgers, strips, and pulled meat products.
Margarine major Upfield – owner of spread brands Flora, Lätta, and I Can’t Believe It’s Not Butter – is investing €50m in a new Food Science Centre in Wageningen, the Netherlands. The centre will focus on sustainability, health, and taste in plant-based,...
Consumer goods major Unilever will unify its split Anglo-Dutch legal structure into a single parent company in the UK – a move set to future-proof business, especially important during COVID-19, its CEO says.
French supplier Solina has completed the acquisition of German-based Hagesüd, which produces spice blends for the meat processing industry. Solina says the purchase will allow it to expand B2B activity in the German market, and also develop its plant-based...
Biosecurity and food safety company Kersia has acquired UK-based Holchem from Ecolab in a deal that will see it become Europe’s second largest food safety company.
Finnish processor HKScan and bakery Leivon Leipomo Oy are to set up a joint venture with the aim of promoting the development and growth of the plant-based Boltsi product range.
Home delivery is here to stay, suggests analysis by a global law firm, which notes that the food delivery sector is holding up in testing markets as businesses look to diversify.
With the global population estimated to reach 8.6bn in the next 20 years, the salmon farming company recommends we ‘dive’ into the ocean to boost food production. FoodNavigator visits Grieg Seafood in Norway to find out how this can be done sustainably.
French flavours and fragrances manufacturer Robertet insisted that ‘independence remains a priority’ after it emerged that F&F giants Givaudan and Firmenich are vying to build stakes in the company.
Danone Manifesto Ventures is investing in French waste reduction start-up Phenix in a move that will see the food waste pioneer expand its consumer and business-to-business reach.
An average of 15 food and drink acquisitions were recorded every week of 2019, according to Zenith Global. The ingredients sector was the most active, with 65 transactions listed worldwide.
Swedish ingredients manufacturer Bayn Europe plans to leverage its strength in sugar reduction solutions to support synergistic growth following its acquisition of FMCG brand Pändy Foods. FoodNavigator speaks to Bayn CEO Patrik Edström about the company’s...
The Frito-Lay and Walkers Crisps maker has acquired a majority shareholding of Senselet Food Processing, an Ethiopian potato crisps company founded by Veris Investments in 2015.
A mega-merger between International Flavors & Fragrances Inc (IFF) and DuPont nutrition & biosciences unit will create a new industry giant worth more than $45 billion (€40.4 billion), say those involved in the deal.
Froneri started as an ice cream-focused joint venture between Nestlé and PAI Partners in 2016, and the relationship will be furthered by the acquisition of Nestlé USA’s collection of ice cream brands.
Dutch-based Royal DSM has reached agreement with the shareholders of specialty dairy solutions provider Koninklijke CSK Food Enrichment C.V. to acquire 100% interest in the company for about €150m ($166m).
A new report on investor attitudes to the food and ag-tech space suggested investors are weary of the ‘over-hyped’ meal kit delivery space. Increasing cash is expected to flow towards ag-tech and innovative food in the coming year.
UK specialist ingredients supplier Thew Arnott Group has finalized the sale of its food color business to German partner Extrachem for an undisclosed amount.
AAK said it is set to become one of the world’s ‘leading suppliers’ of speciality lecithin following the acquisition of a majority stake in UK-based Soya International.
UK food maker Greencore has acquired food-to-go company Freshtime. The deal expands its presence in a UK growth category that nevertheless remains highly competitive.
Shortly after releasing its 2019 fiscal year earnings, the soup and snack company said it would sell UK-based Kettle Foods and Netherlands-based Yellow Chips to a private equity firm.
FoodNavigator, in partnership with data provider Traxn, brings you a monthly round-up of the latest wheelings and dealings in the EMEA food tech start-up space.
Nestlé has sold its Israeli ice cream business to Froneri for an undisclosed sum in a move that sees it fully exit the EMENA ice cream space. As it continues to prune lower growth and margin brands from its portfolio, analysts expect further divestments...
FoodNavigator, in partnership with investment data and analysis provider Tracxn, brings you a quarterly round-up of the latest wheelings and dealings in the EMEA food tech start-up space.
Mars Edge is to acquire a majority stake in startup foodspring in a deal that prioritises personalised nutrition and represents the first investment for the foodmaker’s health foods division.
A global agri-food tech platform has been developed to help businesses keep up with trends, innovations, and funding movements from start-ups, accelerators and investors.
A spike in the level of interest in food tech has resulted in an influx of investment in the sector. Last month, London Food Tech Week brought together a community of start-ups, investors and corporations to spotlight cutting edge innovation.
As The Coca-Cola Company broadens its portfolio, it sees ‘tremendous opportunity’ in coffee: outlining plans for RTD drinks, packaged coffee for the home, and on-the-go occasions through its acquisition of Costa coffee.
