Tootsie Roll has grown net sales and earnings in the fourth quarter and full-year 2015, which one analysts says may intensify interest from Warren Buffet or Turkish firm Yildiz Holdings.
Poultry processor Pilgrim’s Pride has announced a fall in sales and profits for the third quarter of the year due to “continued challenges in the export market” and the strong dollar, the company said.
Herbalife seems to have put the specter of activist investor Bill Ackman behind it. But emerging out of a mixed earnings report is another cloud for the company: slowing sales in North America, a phenomenon that has afflicted other network marketing...
Venezuela’s current financial turmoil is compounding problems for the meat industry, where cattlemen and traders alike say they have been severely buffeted by 15 years of socialist rule.
Double-digit growth in the beverage, savory and confectionery sectors helped International Flavors & Fragrances to achieve revenue of $714m in the first quarter of this year; nine per cent up on the same period of last year.
DSM has turned in a strong first quarter, with its Nutrition
cluster registering 18 per cent year-on-year growth despite a weak
US dollar and rising raw materials costs.
Givaudan has reported strong sales for the first quarter ending
March 31 with results significantly boosted by the continuing
integration of Quest International.
Tate & Lyle is expecting to report £11m less profit that
predicted for the year ended March 31, as a result of unfavourable
exchange rates against the US dollar, but is still expecting to
maintain levels seen in the first half.
France's Naturex has bought the active ingredients division of
compatriot Berkem - its second strategic acquisition in three weeks
and one that will open up major new sales channels for Berkem's
science-backed ingredients.
New Jersey-based International Flavors and Fragrances has reported
a strong increase in its third quarter sales driven by its flavors
division, but profits are hit by administration charges.
Givaudan claims to have continued its good sales growth momentum
despite strong comparables in the third quarter and the ongoing
streamlining of commodity ingredients.
The anticipated replacement of International Flavours &
Fragrances (IFF)'s chairman and CEO comes at a difficult period of
transition for the business.
Ongoing growth in cultures sales to the dairy industry and health
markets helped the Danish ingredients firm Chr Hansen post a modest
rise in revenue for the food ingredients division in the first six
months. Organic growth for the...
Number one flavours and fragrance firm Givaudan ambles along in the
first quarter with higher sales in flavours offsetting a drop in
the fragrance division, suggesting that strategies to boost profit
announced back in January this...
Mirroring the state of play for ingredients companies operating
into today's climate, price pressures put the squeeze on third
quarter margins for ingredients giant Danisco.
A sluggish market hit by falling exchange rates, unrest in the
Middle East and SARS in Asia all contributed to a drab organic
revenue of 2 per cent for the year, Danish ingredients company Chr.
Hansen reported this week. But the tide...
Against a current tough market backdrop for ingredients, Danish
company Chr Hansen is facing up to the challenge, with the dairy
culture specialists this week lifting previous profit forecasts for
the year by €4 million on the back...
Following the declaration last week that it is to invest in the
food enzyme side to its business, Danish enzyme company Novozymes
yesterday reported 'the best year ever' for 2002 with sales rising
7 per cent from DKK 5,271...
