Reynolds Group says it will perform a strategic review of the world’s second-largest carton producer SIG Combibloc after an approach by an unnamed suitor looking to buy the business.
‘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...
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.
Danone, the French dairy conglomerate, announced today that net
profits had plummeted 62 per cent, following the costly €600
million write down of its water-cooler business last month, Tom
Armitage reports.
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...
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...
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.
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...
