Grain processing and food ingredients giant Cargill has unveiled an online tool to help quantify the risks and rewards that can drive sustainability initiatives.
CSM has agreed to sell its bakery supplies businesses to private equity firm Rhône Capital for $1.05bn, eight months after its announcement to reposition as a bio-based ingredients firm.
The Roundtable on Sustainable Palm Oil (RSPO) has welcomed the decision of the world’s biggest sovereign wealth fund to pull investment from certain palm oil companies – but has disagreed with its divestment from firms that are on the path to RSPO certification.
The confectionery industry is not immune to economic recession and must exploit opportunities in emerging economies to grow, according to an analyst from Goldman Sachs.
Underlying sales growth in North America dipped 3.5% at Unilever in the third quarter of 2012, although emerging markets continue to “offer outstanding growth opportunities”, said the firm.
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.
Food and nutrition giant Nestlé has reported improved sales in its 9-month results driven by growth in emerging markets, but Q3 was a little slower than last year.
Kraft Foods has agreed to divest a controlling stake in its Back to Nature brand food business for an undisclosed sum ahead of the company’s split in October.
Ultima Foods has signalled its intention to “solidify” its leadership of the Canadian dairy industry through a double edged agreement that will see it continue to produce Yoplait brand yogurt and launch of its own brand of yogurt products.
DuPont posted higher profits and revenue for the first quarter of 2012, citing higher prices and increased sales in developing markets, as well as continuing benefit from last year’s acquisition of Danish specialty ingredients firm Danisco.
International Flavors and Fragrances (IFF) saw net profits slump 56% in the fourth quarter due to one-off costs and ongoing high raw material prices, but adjusted results were largely in line with analysts’ expectations.
The Hershey Company has announced improved sales and gross profit in its fourth quarter (Q4) and end of year results as sales in emerging markets soared.
Cargill has reported an 88% drop in profits in the second quarter, as volatile financial markets hit its commodity-based trading and asset management businesses.
Tate & Lyle’s customers think it needs to step up a gear on innovation and increase its presence in emerging markets, chief executive Javed Ahmed has revealed.
Bakery ingredients firm Puratos has announced that it will renovate and expand its manufacturing facility in Pennsauken, New Jersey to seize upon growing US sales.
Food and drink M&A activity is predicted to pick up this year, but who’s selling, who’s buying, and what is top of the shopping list? Elaine Watson caught up with Pat Conroy, vice chairman and US consumer products leader at Deloitte, to find out.
Canadian natural and organics group SunOpta has sold its frozen fruit processing assets in Rosarito and Irapuato, Mexico to Fruvemex Mexicali for C$3.15m, the company has said.
International Flavors and Fragrances (IFF) has said it plans to invest $100m in two new flavor facilities in Asia over the next three years, responding to increasing demand from Asian food manufacturers.
The outlook for economic growth remains uncertain, Cargill said on Tuesday, as it reported a 22 percent drop in full-year earnings to $2.6bn, from $3.3bn a year earlier.
Consumer packaged goods companies need to change tactics as America emerges from recession, say the Grocery Manufacturers Association (GMA) and PriceWaterhouseCoopers (PWC). Brand divestment and cost-cutting is out, innovation and targeting niche markets...
Cargill’s profits more than doubled during its fiscal third quarter as it benefited from the recovering economy across all sectors, particularly in developing countries, the company has said.
The functional foods industry in France is booming, according to a
report from Invest In France that claims the sector attracted 7 per
cent of all new foreign investment projects in the country between
2002 and 2007.
Rising food prices are not a short-term problem so food
manufacturers must adapt accordingly, making wise strategic
choices, strengthening innovation and streamlining operations, says
a new report.
Dutch DSM will sell its Special Products unit as it shifts its
focus to fast growth and high margins by concentrating on
nutritional ingredients and high performance materials.
Fragrance and flavors player Givaudan has announced the sale of its
St Louis based food ingredient business and manufacturing facility,
as the company continues product streamlining.
Tate & Lyle Ventures and Scottish Enterprise hope to prosper
from the emerging market for dissolvable and edible films as a
delivery mechanism for active ingredients, with the acquisition of
BioFilm Limited.
Agribusiness Monsanto has completed the divestiture of its US
branded cottonseed business, in a move required as part of its
takeover of the Delta and Pine Land Company (DPL).
CSM is to invest almost €20m to expand production capacity for its
American style bakery products, as the company continues its
restructuring process after a disappointing 2005.
Dutch bakery ingredients firm CSM continues to focus on core
business, clearing the sale of its sugar confectionery unit Malaco
Leaf to investment companies Nordic Capital and CVC Capital
Partners.
Management at the Royal Schouten group, parent of soy ingredients
business Acatris, has increased its share in the company under a
new shareholder structure designed to allow it to move more easily
on strategic developments, such...
Top line growth for suppliers to the food industry will have to be
delivered through innovation and focused branding strategies, finds
a new report, at the same time stressing that emerging markets
could threaten the ingredients industry.
Company results continue today with the Dutch Royal Schouten Group
(RSG) - comprised of the four divisions Acatris, Orffa, Schouten
Products and Nutrilab - reporting a strong financial performance
for 2002, benefiting from the completion...