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DSM buys Fortitech for €495m; “We are done for awhile”
Rampant nutrition business acquirer, Royal DSM, has splashed the cash for the ninth time in two years – this time to the tune of €495m ($634m) on US-based multinational nutrient...
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Open innovation in action: Tate and Lyle creates ventures fund
Tate & Lyle will pump up to £30m ($48m/€36.5m) over eight-years in a new venture capital fund that will invest in start-ups and expansion-stage companies in food sciences and enabling technologies....
Glanbia eyeing 2012 profits target despite marginal growth
Irish dairy giant Glanbia is “confident” of delivering its full year profits target, despite reporting marginal growth for the first nine months of 2012.
Q3 wrap: Nutrition stars for DSM and Naturex
Royal DSM saw Q3 sales slip 7% to €2.3bn across all divisions with polymer intermediates performing worst, but as has been the case in recent quarters, the Dutch firm’s nutrition...
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Puratos’s NJ facilities fully operational after Hurricane Sandy
Belgian bakery, confectionery and chocolate ingredient supplier Puratos has announced that its production facilities and offices in New Jersey are now back up and fully operational.
News in brief
Stevia-expert Sweet Green Fields expands its presence in Mexican and Eastern US markets
Stevia specialist Sweet Green Fields has struck distribution deals with FX Morales y Asociados S.A. de C.V. - a leading distributor of food ingredients to food processors in Mexico; and...
Private label sales hit $98 billion on 6% growth, report says
Sales of private label food and beverage products in the United States topped $98 billion 2011, according to a new report from market research firm Packaged Facts. Products in this...
Special edition: Natural sweeteners
Novel oat-based sweetener rides crest of non-GMO wave
The first wave of products containing a new natural sweetener from oats called OatSweet have hit shelves in the US, and the firm behind it is now in talks with...
‘Unique’ mood-boosting South African plant extract set for SSW debut
PL Thomas (PLT) and South African partner HG&H Pharmaceuticals are set to launch the first patented, standardized and clinically studied extract of Sceletium tortuosum, a succulent plant known by the...
Scoular to market fish collagen ingredient in U.S.
The Scoular Company has announced a partnership with French company Weishardt to market in the United States a propriety marine collagen ingredient called Naticol.
ADM gears up for $2.8bn takeover of GrainCorp
Archer Daniels Midland is in talks with Australian commodity giant GrainCorp after putting forward an offer just shy of US$2.8bn (A$2.7bn) for a cash takeover.
Competition heating up among spore forming probiotics suppliers
Competition in the spore-forming quadrant of the probiotics sphere is heating up with a new offering from Nebraska Cultures called ProDURA, a strain of bacillus coagulans.
Popular mobile food app adds GMO feature
Fooducate, a mobile app launched last year to help grocery store shoppers quickly look up nutrition and other product info via bar code scans, has added a GMO feature, the...
News in brief
NutraCea changes name to RiceBran Technologies
Stabilized rice bran expert NutraCea has changed its name to RiceBran Technologies.
Blended protein crisps broadens market options, says Batory Foods
New protein blend crisps fulfil a marketplace demand for wider variety and better priced options, Batory Foods says.
Z Trim corn fiber gears up for Prop 37 as FDA approves its use in meat products
Z Trim, a food additive made from corn fiber, has been approved by FDA for labeling on ground, emulsified and processed meats and poultry, the company has announced.
McCormick: Pinterest offers brands ‘more authentic and compelling’ ways to engage with consumers
Spices and seasonings giant McCormick is looking for new ways to engage with consumers via an expanded presence on photo sharing website Pinterest - the third-largest social media site after...
Stevia set to be a ‘mass volume, mainstream ingredient’, says PureCircle after striking deal with Coca-Cola
PureCircle says it is one step closer to establishing its high-purity stevia as a “mass volume, mainstream ingredient” after signing a joint development and supply agreement with soft drinks giant...
News in brief
Functional Technologies’ acrylamide-prevention yeast set for pilot scale production
Functional Technologies has received a letter of commitment from a global yeast production and technology specialist for initial production and supply of its acrylamide-preventing strains.
New global chocolate firm carved out of Callebaut plant sale
A new player has entered the global chocolate market after Barry Callebaut sells its final consumer goods factory, based in France.
Some customers are interested in reintroducing finely textured beef post ‘pink slime’ debacle, says Cargill
Some customers have expressed an interest in re-introducing finely textured beef (FTB) to their ground beef products after a media storm over ‘pink slime’ prompted many to drop it earlier...
Beef Products Inc: We were an American success story… until March 7, 2012
The true extent of the financial and human catastrophe that engulfed lean finely textured beef (LFTB) maker Beef Products Inc (BPI) as a result of the 'pink slime' media storm...
Stevia in transition: Reb A accounted for 40% of PureCircle revenues in 2012 v 90% in 2009
Further evidence that steviol glycoside Reb A is no longer the only game in town when it comes to delivering high intensity natural sweetness has emerged in PureCircle’s full-year results,...
Sunwin Stevia International and Wild Flavors GmbH enter global distribution deal
Sunwin USA has ended its distribution deal with Wild Flavors, Inc. to facilitate a global partnership between parent companies Sunwin Stevia International, Inc. and Germany-based Wild Flavors GmbH.
Wind Point partners with ex-Sara Lee CEO in Shearer Foods acquisition
Private equity firm Wind Point Partners has agreed to acquire Ohio-based Shearer’s Foods for an undisclosed sum – and has partnered with former Sara Lee CEO C.J. Fraleigh, who will...
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