Frutarom today announced it had agreed to
acquire German-based Gewurzmuller Group for $67m (€47m), a
move to further expand the company's presence in the
global market for flavours and functional ingredients.
Parmalat, the financially ruined dairy group, may be forced to hang
on to its US subsidiaries if it does not receive a suitable bid for
its operations. It was reported today that the company is
considering a "stand alone"...
Parmalat Hungaria, the Hungarian arm of the disgraced Italian dairy
group, will receive a HF500m loan from the Hungarian government to
help the plant reach a higher level of output and, in turn, clear
its debts. The site is currently...
Parmalat, the financially-hit dairy group, has resumed control of
its Brazilain unit this week. Last month the group announced that
it is to sell around half of its assets as part of its
restructuring programme, however, it is unclear...
Parmalat's financial problems have forced many of its foreign
business into the red. An Irish unit has this week been declared
insolvent, the US has filed for bankruptcy, but the Mexican arm has
been given the clear to restart...
Parmalat representatives from across Europe will meet today to
discuss the measures that the new management will take to help its
distressed units. Trade union leaders in Hungary claim that the
Eastern European country's unit...