While the European Commission still seems far from producing a
proposal to amend rules on nutrition labelling, a new study
suggests costs of label changes for the food maker could hit €9000
a product, reports Lindsey Partos.
Consolidation in food ingredients continues with Nordic fats and
oil firms Aarhus United and Karlshamns set to merge, creating one
of the world's leading suppliers of cocoa butter alternatives,
reports Lindsey Partos.
Publicly-floated US flavour supplier Technology Flavors &
Fragrances is set to go private, as industry rival FFG Industries
begins a tender offer to acquire all of the firms outstanding
shares of common stock.
German confectioner Storck is to acquire two brands of cough sweet,
according to an unconfirmed report in the Financial Times
Deutschland - something which will allow it to extend its lead
in the competitive sugar-based confectionery...
Food enzymes contribute a quarter of sales revenue to the overall
enzyme business in the first quarter, says Danish firm Novozymes,
marking a one per cent rise in contribution on the previous year,
writes Lindsey Partos.
Cloetta Fazer, the Swedish confectionery group, has finally lost
patience with its perennially underperforming Polish unit, deciding
to close the Gdansk-based company after failing to elicit an
improvement in its performance, writes...
Glisten, the acquisitive UK confectioner, has reported strong first
half figures reflecting its rapid growth, but highlighted the
increasing cost of integrating its growing number of niche
businesses as it seeks to turn itself into...
Industry association Biscosuisse says that Swiss confectionery
sales have risen marginally in 2004, topping last year's
record-breaking turnover figure and notching up an increase in
domestic sales for the first time in four...
Flavours and texturants firm Degussa will shrug off its fruit
preparation business to an American equity company in a sale that
prepares the ground for a total divesture of its remaining food
British confectionery manufacturer and retailer Thorntons suffered
along with most of the UK's retail sector over the Christmas
period, but its first half results were buoyed by an otherwise
solid performance from products sold...
Anglo-Dutch consumer giant Unilever is set to overhaul its
management structure - a move which it claims will help restore
top-line sales growth and allow it to draw a line under what it
called an "unsatisfactory" 2004 performance,...
Swiss chocolatier Lindt & Sprüngli has reported its
highest-ever rate of organic growth for 2004, with its focus on
premium products allowing it to buck the general trend towards
reduced consumption of chocolate in favour of healthier...
Barry Callebaut, the world's leading supplier of chocolate to the
confectionery industry, has reported a 6 per cent fall in first
quarter sales revenues to CHF1.15bn (€0.79bn) as squeezed margins
bit into its bottom line. The...
Polish confectionery manufacturer Jutrzenka has finalised financial
arrangements for the acquisition of rights to Nestlé Polska's
Goplana confectionery brand, giving it an instant growth platform
in the steadily expanding sugar...
Major Dutch bakery ingredients firm CSM confirms the sale of its
confectionery unit to focus on core business. The
Diemen/Breda-based company said it expects to complete the sale of
the unit to CVC Capital Partners in the first quarter...
Widespread procurement and more than 100 years in business help
French hydrocolloid producer Colloides Naturels International (CNI)
assure supplies for gum arabic amid global shortfalls in stock,
writes Lindsey Partos.
A breakthrough into the US market boosts the bottom line for UK
natural flavours firm Treatt that saw sales for the year across the
Atlantic rising by over 40 per cent to €10 million, parallel to a
sales dip elsewhere, writes Lindsey...
CSM, the €2.8 billion Dutch bakery ingredients company, is still
hoping for a year end close on the sale of its confectionery unit,
that together with biochemicals, sugar and bakery supplies complete
the CSM stable.
Announcing its half-year results back in September, the UK-based
confectionery group Glisten said that it expected to make further
acquisitions in niche markets, as it sought to build on strong
sales over the last three years....
Privately owned Gelnex, which pioneered the production of type A
pork skin gelatin in South America, has recently opened a beefskin
gelatin plant in Brazil. Philippa Nuttall spoke to the
company's CEO about the challenges the...
Ladco Advanced Engineering, the parent company of Scotland-based
MacIntyre Chocolate Systems, has acquired Petzholdt-Heidenauer
International, in a bid to extend both companies' global reach in
the competitive chocolate processing...
Ambitious Israeli flavours firm Frutarom has doubled its net profit
in the first nine months of the year after bolt-on acquisitions
brought rapid growth to a company that has clear ambitions to
become one of the top ten flavour firms.
Barry Callebaut, the world's top supplier of industrial chocolate
to the confectionery industry, has delivered strong profit for the
year, boosted by the integration of recently acquired US
confectionery firm Brach's and...
UK food and ingredients firm Associated British Foods has beaten
full year profit expectations after posting double-digit growth
against a backdrop of firmer commodity pricing and adverse currency
movements. The performance underlines...
Glisten, the UK confectionery group, has started the 2005 financial
year with a bang, with turnover for the first four months some 45
per cent ahead of last year, company chairman Jeremy Hamer told
shareholders at the firm's...
The world's number one caramel colour supplier DD Williamson is
driving deeper into the Nordic countries, signing a deal with
Swedish food distibutor Norfoods to build growth in the
increasingly mature caramel colour market.
United International Enterprises Limited (UIE), the majority
stakeholder in vegetable oil firm Aarhus United, confirms it will
sell its considerable stake in the Danish firm, due to be divested
by January 2005.
Greater market penetration is expected for Avebe starch products as
Fiske Food Denmark, a distributor of food and beverage ingredients,
links up with the potato starch firm to distribute products from
the Dutch farming co-operative.
French food group Danone has reported steady if unspectacular
growth for the third quarter of the year, with poor weather in much
of northern Europe impacting sales compared to last year's
Ending months of speculation, the flavours and texturants units at
Degussa, Germany's third largest chemicals group, are up for sale
as the firm looks at selling the food ingredients arm or finding a
partner for its business.
A drop in the order book for low carb ingredients will impact sales
in the first quarter of 2005 for wheat protein and starch supplier
MGP Ingredients that has up to now enjoyed soaring revenues on the
back of the fad US diet, that...