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Financial focus

From the financial performance of ingredients companies to mergers and acquisitions that could impact supply or prices, we provide full details of all the latest financial news from companies operating in this dynamic market sector.

DNP urges buyers to plan ahead as amino acid prices ‘skyrocket’

23-May-2012 - Supply issues with some major manufacturers coupled with rising demand have sent the price of some amino acids through the roof, according to leading nutraceutical ingredients importer and supplier DNP International.

Major League Baseball ‘contaminant’ letter sullied our reputation, claims deer antler velvet supplier

15-May-2012 - Nutronics Labs says a letter sent out by Major League Baseball (MLB) last year warning players to avoid deer antler velvet supplements has sullied its good reputation and caused “extensive and irreparable damage”.

Vitamin Shoppe boss quizzed on DMAA on Q1 earnings call

09-May-2012 - Vitamin Shoppe boss Tony Truesdale would not say how much the FDA crackdown on DMAA is likely to cost the business after being repeatedly pressed by analysts on the issue during the firm’s first quarter earnings call.

News in brief

DuPont buys out Bunge’s share in Solae joint venture in $440m deal

01-May-2012 - DuPont has taken full control of soy ingredients giant Solae after buying out Bunge’s stake in their joint venture.

Investor: We’re not surprised P&G saw potential in New Chapter

20-Mar-2012 - While Procter & Gamble’s move into the dietary supplements market might have been unexpected, the fact it chose New Chapter as its entry vehicle should come as no surprise, according to one investor in the Vermont-based firm.

Breaking news

New Chapter: 'Countless opportunities await' under new owner, P&G

19-Mar-2012 -  New Chapter will continue to run as a standalone business under new owner Procter & Gamble, but will get a "turbocharge" to its mission, according to bosses at the Vermont-based supplement firm.

ChromaDex: pTeroPure poised to deliver in 2012

16-Mar-2012 - PTeroPure maker ChromaDex has posted a 7% rise in revenues to $8.1m in the fiscal year ending December 31, 2011, but notched up a net loss of $7.9m compared with a net loss of $2.1m in 2010.

News in brief

Back to black for Nature’s Sunshine Products in Q4

06-Mar-2012 - Utah-based direct selling supplements firm Nature's Sunshine Products (NSP) moved back into the black in the fourth quarter of 2011 posting a net profit on continuing operations of $7.6m vs a net loss of $0.4m a year ago.

BioExx: ‘This is the biggest opportunity in the protein market in 50 years’

05-Mar-2012 - Results of a new feasibility study prove that there are “compelling returns” to be made from canola protein, according to BioExx Specialty Proteins.

Sales of True Athlete range are double what we expected, says Vitamin Shoppe

28-Feb-2012 - Sales of Vitamin Shoppe’s new True Athlete sports nutrition range have significantly exceeded expectations, bosses have revealed.

Aker BioMarine posts 35% surge in sales of Superba krill oil in Q4, 2011

23-Feb-2012 - Aker BioMarine has posted a 35% surge in sales of Superba krill oil in the fourth quarter of 2011 – selling a record 70 metric tons compared with 52t in Q4, 2010.

News in brief

Herbalife posts blistering end to year with Q4 profits up 22%

21-Feb-2012 - Direct sales supplement giant Herbalife has posted a blistering set of fourth quarter results.

New NOW Foods plant in Nevada to open significantly ahead of schedule

09-Feb-2012 - Illinois-based health food and supplements manufacturer NOW Foods is on course to complete its $20m new site in Nevada in the third quarter of this year, almost two years ahead of schedule.

ChromaDex set to raise $10.85m via sale of common stock

02-Feb-2012 - PTeroPure maker ChromaDex is set to raise $10.85m via a sale of common stock that will be used to support its new BluScience retail brand and for general working capital purposes.

Special edition: Vitamins

Judge considers appeal request in Chinese vitamin C cartel case

17-Nov-2011 - The judge presiding over a high-profile case brought by US vitamin buyers against Chinese firms accused of fixing the price of vitamin C is considering a series of motions filed by the defendants, who claim they were compelled to act as a cartel by the Chinese government.

‘Gutsy’ vitamin C ruling could trigger wave of lawsuits

09-Sep-2011 - A ruling in favor of US vitamin buyers in a high-profile anti-trust case against Chinese firms accused of price fixing could trigger a wave of similar anti-trust cases, experts have predicted.

Interview: Jan Haakonsen, ArcticSource1

ArcticSource1: Fish oil prices will inch up by 5% a year

01-Sep-2011 - Fish oil prices will continue to inch up by around 5% a year, according to one omega-3 industry veteran who has just set up a new business selling marine ingredients from the Nordic region to the US.

Dairy prices to soften, says Glanbia

24-Aug-2011 - A modest weakening in dairy prices is expected, forecast Glanbia, as the company posted a profit jump in its half year results.

NBTY: ‘We’re significantly outpacing the market’

12-Aug-2011 - Supplements giant NBTY significantly outperformed the US market in April, May and June, according to Nielsen data, bosses have claimed.

Herbalife to expand manufacturing footprint

03-Aug-2011 - Direct selling supplements giant Herbalife aims to expand its manufacturing footprint dramatically over the next two-to-four years as it steps up plans to make more of its products in-house.

Danisco buy-out fails to dent DuPont Q2 earnings

28-Jul-2011 - Dupont, which earlier in the year warned that its May $6.49bn acquisition of Danisco would dent its yearly profits, has defied expectations in second quarter results published today.

EU approves DuPont-Danisco offer – but it’s far from a done deal

05-Apr-2011 - The European Commission today approved DuPont’s €4.5bn offer for Danish probiotics, enzymes and ingredients giant Danisco but the deal remains in doubt as to date only 6% of Danisco shareholders have accepted the offer.

NutraCea: Defatted rice bran could provide key to lower-fat nuggets

04-Apr-2011 - A raft of higher-value products targeting humans rather than animals - from an ultra-potent antioxidant-rich rice bran oil to rice lecithin and food grade defatted rice bran – will help NutraCea puts its troubled past behind it in 2011/12, bosses have insisted.

Breaking news

Pfizer to sell Capsugel for $2.4 billion

04-Apr-2011 - It's been on the cards since the fall, and now it's official: Pfizer has agreed to sell hard-capsule manufacturer Capsugel for $2.375 billion in cash to an affiliate of Kohlberg Kravis Roberts & Co L.P. (KKR).

DSM reports successful tender offer for Martek

21-Feb-2011 - Royal DSM’s acquisition of Martek Biosciences Corporation has moved a step closer to finalisation with the news that its tender offer to buy all of the company’s outstanding shares of common stock at a price of $31.50 (about €24) per share has proved successful.

Spotlight

‘I’m off to save prostates’: POM goes on offensive with new ads post FTC ruling

‘I’m off to save prostates’: POM goes on offensive with new ads post FTC ruling

POM Wonderful has gone on the offensive following a ruling on its legal battle with the Federal...

‘Phytoforensics’ could help industry avoid most adulteration disasters: Expert

‘Phytoforensics’ could help industry avoid most adulteration disasters: Expert

Stakeholders in the dietary supplements industry could avoid massive liability and reduce the rates of adulteration in...

DHA omega-3 linked to improved literacy for ADHD children: Study

DHA omega-3 linked to improved literacy for ADHD children: Study

Increased levels of the omega-3 DHA may be associated with improved literacy in children with learning abilities,...

Dietary supplements become Utah’s #1 industry, topping $7.2 billion

Dietary supplements become Utah’s #1 industry, topping $7.2 billion

Dietary supplements are the largest industry in Utah and the industry is worth over $7 billion, according...

Dendrobium-containing Craze pre-workout supplement hit with CA class action

Dendrobium-containing Craze pre-workout supplement hit with CA class action

Tipped by many as the heir apparent to DMAA supplements in the pre-workout category, the dietary supplement...