Food and drink M&A to rise as big guns dip into $30bn warchest
The top 10 publicly quoted food and drink companies in the US are sitting on a whopping $30.1bn in cash – and looking to spend it – according to corporate finance experts at Deloitte.
Archives for May 15, 2011
GLG Life Tech widens Q1 loss on higher costs
Stevia supplier GLG Life Tech has reported a wider loss in the first quarter of 2011 on higher costs, the company has said.
DuPont succeeds in Danisco bid
US chemical group DuPont has successfully completed its tender offer for Danisco, as 92.2 percent of outstanding shares in the Danish food ingredients firm were tendered by Friday’s deadline, DuPont said on Monday.
‘Forgotten molecules’ may have potential in sweetener research: Review
Previously discovered sweetener molecules which have been ‘lost or forgotten’ in the scientific literature may have a place in the future of sweet taste research, according to a new review.
FDA seeks injunction against Tennessee ingredient firms
The Food and Drug Administration (FDA) is seeking a permanent injunction against two Tennessee food ingredients firms and their owner, claiming that food from their facilities may have been contaminated.
Co-founder of McCain Foods passes away, aged 81
Co-founder of McCain Foods and chairman of Maple Leaf Foods Wallace McCain has passed away at the age of 81 following a 14-month struggle with pancreatic cancer.
DISPATCHES FROM INTERPACK 2011
PMMI upbeat as opportunity knocks for US firms at Interpack
The Interpack trade show currently being held in the German city of Dusseldorf is a truly global event that has attracted around 2,700 exhibitors from 60 countries.