UK’s Birds Eye brand Iglo sold for €2.6bn
Europe’s largest frozen foods business Iglo Group has been bought by a pair of US investors for €2.6bn, at 2.4 times return on the original investment made by parent company Permira.
Archives for April 20, 2015
Europe and North America cocoa grinds slump in Q1
Cocoa processing has dropped in North America and Europe in the first quarter of 2015, but a futures analyst says chocolate demand remains steady.
Smart packaging could replace expiry dates
Smart packaging that detects gases emitted by rotting meat may soon be available, offering consumers far more accurate information than expiration dates.
FDA’s list of food priorities include finalizing rules for GRAS & gluten-free labeling for fermented foods
FDA is considering adding pre- and post-market enforcement “enhancements” to the final rule for the process of determining food substances are GRAS – or generally recognized as safe, according to a top agency official.
Tate & Lyle exits European venture and shuts sucralose plant
Tate & Lyle has announced a restructuring that will see it make changes to its struggling Splenda sucralose business and exit most of its European Bulk Ingredients business.