Sparking growth in the emerging South American food market, Danish
ingredients giant Chr Hansen has opened new facilities in Argentina
designed to serve expanding activities from international
customers, reports Lindsey Partos.
Profits continue to fall for Russian dairy giant Wimm-Bill-Dann,
despite recording a healthy jump in sales for the first six months
of the year. The company said that both gross margins and net
income were hit by rising costs attributed...
Food ingredients sales at Irish dairy firm Glanbia jumped 20 per
cent during the first half and lifted profits 49 per cent higher
than the previous year, reported the company, which is targeting
strong growth for its ingredients business...
Ongoing demand for healthy products helped Irish food and
ingredients firm Kerry to a strong first half performance. And with
recent acquisitions pushing it into other high growth sectors,
there is little to stop the group from making...
Lactalis, the French dairy group, has been given the green light to
acquire two Spanish producers, Grupo Prado Cervera and Central
Lechera Vallisoletana, by the European Commission's competition
Parmalat, the Italian dairy company which has been in the hands of
the administrators since collapsing with massive debts last year -
has continued to take legal action against a number of leading
financial institutions in a bid to...
Dairy products remain an important growth driver for Swiss food and
beverages group Nestlé, despite the disposal of a number of assets
and poor weather conditions which affected sales during the first
half. But organic growth was...
Ambitious Israeli flavours firm Frutarom has bought the European
natural fruit preparations business from the world's number two
flavours player just months after completing on the Swiss botanical
extracts firm Emil Flachsmann.
After a recent acquisition, new product launches and nomination as
one of the fastest growing small companies in the US, Lifeway Foods
has ended its second quarter on a high, reporting record revenues
for its functional kefirs.
Family-owned US firm JM Huber has become the number one pectin,
xanthan gum and CMC supplier after yesterday agreeing to buy
leading hydrocolloid firm CP Kelco from merchant bank Lehman
Brothers, reports Lindsey Partos.
Danish ingredients firm Chr Hansen has benefited from the growing
demand by food makers for natural colours. Higher sales of natural
colours helped to lift profit figures in a third quarter that also
gained from the increasing popularity...