Archer Daniels Midland buys WILD Flavors for $3.1bn
Archer Daniels Midland (ADM) will buy WILD Flavors for €2.3bn citing fast-growing demand for natural food and beverage flavors and ingredients as the rationale.
Archives for July 6, 2014
Fazer closes 2 factories in industrial to in-store shift
Finnish firm Fazer has announced the closure of two of its bakeries – a move it said was unavoidable considering a market shift from pre-packed bread to in-store baked.
Ukraine increases meat production despite continuing armed conflict
Despite the unstable situation in south-east Ukraine, meat production during the first five months of the year grew by more than 50%, according to a report from the country’s statistical services.
Malaysia
New halal kit will let Muslims test for pork in less than one minute
A new testing kit will go a long way to ease fears among Malaysian Muslims that the food they are eating is halal, especially in light of a recent pork-related controversy involving Cadbury.
India’s boneless buffalo meat exports flourish
India’s boneless buffalo meat exports continue to soar, while the new BJP-led government, whose Hindu nationalist leaders have signalled opposition to India’s beef industry in the past, have yet to indicate plans to restrict the sub-sector.
Dispatches from IFT 2014
Merging industries: Top chefs and the food companies can learn a lot from each other, says chef
While there are some differences between high end catering and the large scale manufacturing of food, there is a lot of scope for both groups to learn from each other, says executive chef Gui Alinat.
EU pledge: Amica Chips and ICA Foods to stop ads to kids
Amica Chips and ICA Foods have pledged to stop advertising to under 12s and communication with primary schools unless asked as part of a voluntary EU scheme.
Insight
How companies should act to stamp out fishing slavery in Thailand
If modern-day slavery is ever to be eradicated from Thailand’s food sector, companies and supermarkets must set out to make their supply chains more transparent—a move for which there seems to be little appetite, especially among Thai suppliers.
FSA: Horse meat was biggest incident in our history
The UK Food Standards Agency (FSA) said the horse meat incident dominated last year and it is continuing to learn lessons from what it called ‘the biggest incident in its history’.
William Grant & Sons spends £100,000 opposing Scottish independence
Glenfiddich Scotch whisky distiller William Grant & Sons has given £100,000 to Better Together – the official opponents of Scottish Independence.
Sial celebrates 50th anniversary with record bookings
The countdown to Sial Paris is on, and the food exhibition is celebrating its 50th birthday by registering record participation.
‘What we haven’t offered until today is taste, and taste is king!’ ADM boss justifies $3.1bn appetite for WILD Flavors
Archer Daniels Midland CEO Patricia Woertz insists that WILD Flavors' beverage and taste expertise complement her firm’s expertise in food ingredients and know-how in texture, function and nutrition.
International Halal boom boosts Al Islami’s profits
Growing non-GCC sales lifted the profits of Dubai’s Al Islami Foods, pushing it to triple production with a new factory, the firm announced in its annual results.
Italian Salmonella controls evaluated by FVO
Salmonella National Control Programmes (SNCPs) in Italy have the required sampling frequency and correct sampling protocol but there are still some deficiencies, according to findings from the Food and Veterinary Office (FVO).