Kerry Ingredients and Flavours’ new unified strategy to doing business across all its divisions can help manufacturers rise market challenges and tough competition, says its strategic marketing chief.
Recession-hit 2009 wrecked havoc for multinationals in many sectors, but Nestle’s full year results show a company relatively unscathed and still reporting good growth rates.
Kraft has announced that it will begin to end pension increases for current and non-union hourly employees from year end 2019 but the US food group did not provide any clues in regulatory filings as to the future of the 100-year-old Cadbury pension fund.
Cost savings and a strategy that fits with chocolate eating habits in the recession have meant for an acceptable full year for AAK, topped off with an especially good Q4.
Firmenich has announced the opening of a new affiliate in Dubai, in a bid to deepen its understanding of Middle Eastern consumers’ flavour and fragrance preferences.
Latin America and Asia led the way with strong sales for Givaudan’s flavour division in 2009, prodding it towards 1.9 per cent sales growth in local currencies in a tough year for industry.
DSM and Anchor BioTechnologies have agreed to set up a joint venture bringing their bio-tech wine ingredients together under one roof in the south of France.
BASF is bringing in another price increase for propionic acid, a food preservative, because increasing costs of raw materials mean the margins are unsatisfactory.
Symrise is extending its reach in two high potential developing markets, with the acquisition of a new facility in Russia and the opening of a new plant in Singapore.
Rectory Foods is eyeing up another year of bumper sales, despite the recession taking its toll on many in the sector. Its secret? Branching out into ingredients and responding quickly to market changes.
Frutarom has been snapping up healthy ingredient firms for the last couple of years due to an ambitious strategy to build presence in the high potential healthy market, back up claims with science and speed product development.
Kraft’s takeover of UK chocolate firm Cadbury is now unconditional, as 74 per cent of Cadbury shareholders yesterday accepted the offer of 840p per share plus a 10p dividend.
Fast food companies are the new bugbear of London’s mayor, who used the launch of a new event comparing childhood obesity in New York and London to pledge action.
Rudolf Wild GmbH has sold some shares to asset manager Kohlberg Kravis Roberts & Co (KKR) in preparation for an eventual public listing, and plans to form a global flavour business with its US affiliate this year.
Lactic acid supplier Purac has announced a price increase of between 0.10 to 0.15 Euros per kilo, as the company seeks to pass of some of the expense from rising raw material costs.
Reports of my death have been greatly exaggerated, quipped Mark Twain. Predictions of the demise of Cadbury following the approval of Kraft’s offer are premature and are flawed by knee-jerk anti-Americanism.
The private equity owner of Chr Hansen, PAI Partners, is evaluating the possibility of publically listing the company, the Danish ingredients company has confirmed.
Stevia personality Angus Flood has been appointed EVP of strategic development at Wisdom Natural Brands, tasked with developing corporate strategy and building the company’s market share.
Kraft is the overall winner in the battle for UK confectioner Cadbury, and it looks like the US food group has netted a bargain in the final price, claim US analysts Bernstein Research.
Associated British Foods has started its new financial year with a surprisingly good performance from its sugar business, causing analysts to raise their eyebrows and their H1 expectations.
The worst of the global economic crisis on chocolate is over but global market volumes will remain flat throughout 2010, predicts Barry Callebaut – which itself is expecting to outperform the market.
The difference between British and continental European chocolate preferences means the acquisition of Cadbury by Kraft would not present competition problems, the European Commission has said, as long as Cadbury’s concerns in Poland and Romania were...
Kraft has sold its frozen pizza business to Nestlé to help fund its offer for Cadbury after Nestlé pulled out of the bidding for the British confectioner.
