FMC tipped to make hydrocolloid acquisition
FMC Corporation is looking to expand its food ingredients portfolio as it strengthens its already strong position in the hydrocolloids market.
Archives for August 3, 2011
New credit facility gives Silgan more flexibility
A new $1.9bn (€1.3bn) senior secured credit facility will provide Silgan with greater flexibility in regards to its strategic initiatives to make acquisitions, such as paying dividends, repurchasing stock and incurring additional debt, said the packaging...
New Zealand joins Australia in OK’ing milk pricing behaviour
The New Zealand Commerce Commission says there are no grounds for an investigation of wholesale and retail milk pricing practices in the New Zealand market that is 90% dominated by Fonterra.
Givaudan profits slump despite flavours growth
Flavour and fragrance firm Givaudan’s first half net profits crashed by 40 per cent as raw material costs and record currency rates take their toll on the Swiss company, despite good local growth in its flavours businesses.
Unilever: “Strength of brands” combats price hikes as H1 profits rise
Food giant Unilever saw net profits grow 10% to €2.235bn in the first half of 2011, with its brand equity allowing it to weather severe raw materials price hikes in some cases.