Glanbia, the Kilkenny headquartered global nutrition and dairy products group reported an eighth year of double-digit growth in today’s 2017 full year earnings announcement.
Fonterra’s Foodservice business, Anchor Food Professionals, has become New Zealand’s sixth biggest export business, having generated more than NZ$2bn (US$1.4bn) in annual revenue over the past year.
JBT Corporation has acquired PLF International for £28m ($37m), which designs and manufactures powder filling machines for the food and beverage industry.
Canadian dairy company Saputo reported total revenue of C$11.16bn (US$8.29bn) for fiscal 2017, a 1.56% increase from C$10.99bn (US$8.16bn) for 2016 with the company’s fourth quarter decreasing by 0.5% due to lower sales in its cheese division in the US...
The board of the Irish food and ingredient manufacturer has chosen Edmond Scanlon, the current chief executive of the group’s Asia-Pacific operations, to become the new CEO.
Company to sell 60% stake in Dairy Ireland to Irish co-op
Glanbia reported better than expected growth in 2016 with performance nutrition driving revenue and profits, said the firm as it announced the part sell-off of its Irish dairy business.
Canadian dairy processor and producer, Saputo Inc., posted increased quarterly profits helped by a boost in international prices for dairy products.
Glanbia plc, the global nutrition group based in Ireland, has announced its results for the six months ending July 2, 2016.
Egyptian dairy producer Domty is celebrating a 355% year-on-year rise in annual profits, netting US$14.5m, just days after its highly-oversubscribed launch on the Egyptian stock market.
Tetra Pak’s revenues reached €11.9 bn ($13.5bn) in 2015, a rise of 7.5% on the previous year.
Crop inputs and dairy goods supplier Land O’Lakes has reported record earnings in 2015 – although total sales were down almost $2bn on the previous year.
ChemChina, one of China’s largest chemicals group, is set to acquire KraussMaffei Group and its brands KraussMaffei, KraussMaffei Berstorff and Netstal, for €925m.
Glanbia has completed its acquisition of US sports nutrition firm The Isopure Company on schedule.
Barry-Wehmiller Companies has made its first acquisition in France claiming its annual revenue will hit $1.7bn in 2014.
Mead Johnson Nutrition is standing by its 2013 full-year forecast, despite recently slashing its infant formula prices in China by up to 15% in the midst of a government anti-trust probe.
Record sales and a 97% control of the kefir category are only the start for Lifeway Foods, as the company states it’s ‘in the early stages of its long-term growth trajectory’.
Ingredients and flavours drive double-digit development for Kerry
Irish food and ingredients giant Kerry Group has reported a 10.8% increase in operating profit for the year of 2012 on the back of strong growth driven by its ingredients and flavours arm.
Danish ingredients company Chr. Hansen has reported increased profit and revenue in the first quarter, although lower carmine prices and volumes continued to hit its natural colours division.
Parmalat has reported double-digit revenue and profit growth for the first nine months of 2012, driven by strong performances by its US, Canadian, Australian and Russian segments.
Greek dairy giant FAGE has announced that it is transferring its headquarters from Athens to Luxembourg – a move that some consider an attempt to reduce its exposure to the Greek financial crisis.
US ingredients sales drive Kerry Group H1 growth
Ireland-based food ingredients manufacturer Kerry Group has reported sales revenue of €2.9bn for the six months to the end of June 2012 – a 10% increase on the prior-year period.
GEA said continuing strong demand for food processing technology meant it was “satisfied” with performance in the first quarter of 2012 even as one-off integration costs for its food solutions unit were largely responsible for its year-on-year operating...
Kerry Group’s 2011 acquisitions have performed well for the ingredients and flavours giant, boosting its Q1 results despite challenges in trading conditions.
Amcor said strong performance across the board in its flexible and rigid packaging divisions fuelled a 14% profit increase in the first half of the year as recent acquisitions of Ball and Alcan continued to reap rewards.
Danone ups guidance for 2011 but warns of commodity price hike
Danone has upped its sales revenue guidance for 2011, encouraged by a positive pricing performance in the last quarter. But the French dairy giant warned of a 6-9 per cent hike in raw material costs.
Kerry ups forecast as H1 beats expectations
Ireland-based Kerry Group has upped its earnings forecast for the full year after reporting strong growth in overseas sales, supported by a recovering dairy sector.
Dairy continues to drive Wimm-Bill-Dann profits
Half-year revenues were up by 40 per cent to $1.14bn (€838m) for
leading Russian dairy and beverage group Wimm-Bill-Dann as the
company continued to profit from its expansion into Eastern
Outsourcing boosts Barry Callebaut sales
Zurich-based chocolate manufacturer Barry Callebaut said today
that like-for-like sales increased 6.1 per cent in
the nine months to 31 May, despite the unstable cocoa
Danisco earnings 'progressing as planned'
Danisco's first half performance for 2006/7 has been 'as expected',
said the company.
Recovery policy pulls Parmalat through
Disgraced Italian dairy giant Parmalat, still suffering from 2003's
fraud revelations, has posted a jump in first-quarter income -
thanks to CEO Enrico Bondi's recuperation strategy.
Kraft's tax rebate strengthens finances
Kraft Foods has recorded stable first quarter results, masking
falling operating income with a favourable tax settlement and
raising prices to combat spiralling production costs.
Signs of hope for troubled Barry Callebaut
Troubled chocolate maker Barry Callebaut has increased sales
volumes during its financial first quarter, but the growth has
meant a tumble in profit margin.
San Miguel feels pressure of raw material costs
San Miguel, the biggest food and drink company in the Philippines,
reported a 4 per cent drop in first half profits yesterday, after
higher raw material and packaging costs eroded the benefits of
strong sales growth.
Sun continues to increase market share
Sun Interbrew, Russia's second largest brewer, has announced strong
six month and second quarter financial results, reflecting a
continuing rise in beer sales backed up by a strong control over
New Dragon continues strong results
New Dragon Asia, a leading producer of flour and flour-related
products to the China market, has reported strong results for its
second quarter, reflecting increasing sales, net income and the
gross profit margin caused by improvements...
Lifeway continues to reap the cream
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.
Flavour formulation feeds TFF
Higher volume food and beverage flavour product sales to existing
customers contributed to a net increase for the third quarter for
flavours company Technology Flavors & Fragrances.
Ingredients boost earnings for Danisco
Danish food ingredient giant Danisco this week reported a solid
profit of DKK 940 million (€126.4m) in preliminary results for the
year ending 30 April 2002.
Acquisitions in the ingredients and sweeteners sector boosted