Hearthside Food Solutions is tapping growing demand for contract food manufacturing with the acquisition of Illinois bars and cookie producer Oak State Products.
A trade buyer looks set to acquire United Biscuits (UB) if a sale is decided upon, with Kellogg a strong contender among three core bidders, according to an industry expert.
The US sugar squeeze could see chocolate-maker Russell Stover’s production move from its home market after a takeover, says a Datamonitor Consumer analyst.
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.
ConfectioneryNews.com will be reporting from Miami for the upcoming State of the Industry Conference run by the USA’s National Confectioners Association.
‘Billion dollar deal’ was not a phrase bandied about the food ingredients industry much last year. With BASF buying Cognis for €3.1bn and Corn Products International paying $1.3bn for National Starch, M&A looks to be thawing – but best not get over-excited...
Although it has not seen the fine detail, elements of Pharmed
Medicare (PM)'s new sucralose process are unlikely to infringe upon
Tate & Lyle's patent suite, according to Goldman Sachs.
Danish sugar and ingredients group Danisco leaps into the number
two enzyme position as the firm announces control of 98.2 per cent
of the shares in US biotech firm Genencor.
Set to see sugar profits dip with incoming European sugar reform,
Danisco's announcement last week to acquire enzyme player Genencor
is the latest in a string of acquisitions that will go some way to
bridging the sales gap, writes...
Increasing investment in new product development is expected to
help British confectionery and soft drinks producer Cadbury
Schweppes to achieve its ambitious targets for long-term growth,
according to analysts Goldman Sachs. And...
Global prices for ingredients such as soy and wheat are still
vulnerable to increases as global harvests could be impacted by
weather risks and generally low stocks, something that will
inevitably hit the China market hard as it is...
Danish sugar and ingredients firm Danisco closes on its xanthan gum
production deal in China, consolidating the firm's stabiliser
presence in this emerging market. Just days after the firm posted a
weaker third quarter as higher...
Set against the backdrop of difficult trading conditions for
branded food manufacturers, raw material prices and a negative
currency impact played down first half figures for ingredients
giant Danisco.
Spinning off the US soft drinks business could bring substantial
gains to Cadbury Schweppes, but any demerger is unlikely to take
place until at least 2006, claim analysts Goldman Sachs.
British Sugar's parent company, cash-rich Associated British Foods
(ABF), delivered a strong set of results for the year with the food
and agriculture division pulling in the highest operating profit
for the full year for the...
