Leading discount supplements retailer The Vitamin Shoppe has been
bought by the private equity unit of Bear Stearns merchant bank for
around $300 million, according to press reports this week.
Research into frozen foods that took place more than 40 years ago
will be recognised this week in a special ceremony to take place at
the US Department of Agriculture's Western Regional Research
Center. The research - known as...
Natunola Health has signed an exclusive sales and distribution
agreement with Canadian specialty chemicals distributor L.V. Lomas
for its new Omega-3 flax product lines.
Whole Foods Market said yesterday that comparable store sales
increased by more than 10 per cent for the third consecutive
quarter with overall sales increasing by 20 per cent on the same
period last year. The company raised 2003...
In light of the 18th session of the Codex Committee on Fats and
Oils to be held in London, UK on 3-7 February 2003, the US
Department of Agriculture and the Food and Drug Administration said
this week that they are to sponsor a public...
Hansen Natural last week reported strong sales for the third
quarter thanks to its core beverage lines and new product
introductions. Gross profit was down slightly however, due to a
change in product and customer mix, according to...
California-based dietary supplement manufacturer Natrol this week
announced a third quarter net loss of $282,000 on net sales of $18
million, down 11 per cent on the same period last year.
Expenditures on the new marketing division...
Leading supplement and vitamins manufacturer Twinlab reported
significant losses and low sales in the third quarter and
nine-month period of 2002, attributing the results to its recently
announced restructuring measures. The company...
Earlier this week we reported on the weak cranberry market as
Northland Cranberries reported third quarter results. The company
is now filing a multi-count federal antitrust lawsuit against
competitor Ocean Spray for anti-competitive...
Sales at Galaxy Nutritional Foods, the producer of plant-based
dairy alternatives, dropped by 11 per cent during the second
quarter of 2002 compared to the same period last year. CEO Angelo
Morini insisted however that the company...
Northland Cranberries, the maker of cranberry juice blends and
fruit juice products, reported improved net income on last year's
results although fourth quarter revenue was affected by poor sales
of its Seneca and Northland branded...
The maker of the sports drink Accelerade, PacificHealth
Laboratories, is teaming up with food ingredients gaint Cargill, in
order to launch its beverage in a ready-to-drink form.
Manufacturer and marketer of nutritional supplements NBTY reported
record fourth quarter results, citing improving market conditions
and the company's ability to read changing consumer preferences as
the reasons for its 16 per...
US firm Balchem, which specialises in encapsulated products for the
health and feed industries, said it has achieved third quarter
records in both sales and net earnings, following growth in both
the ARC Specialty Products and Encapsulates...
Nature's Sunshine Products, the US-based manufacturer of
encapsulated herbs and vitamins, remained consistent with poor
recent performance and reported a 5 per cent drop in sales revenue
for the third quarter. The company saw...
New report reveals that growth in value-added products designed for
specific applications is set to drive the food additives market in
the US. Flavours will gain nearly fifty per cent of the market,
with alternative sweetners revealing...
Swiss pharmaceutical giant Novartis, which recently began divesting
its health and functional foods unit, reported nine-month sales for
the year were up 11 per cent in local currencies, driven by strong
growth in pharmaceuticals.
One of the toughest legislations in the world on genetically
modified organisms came into force in Europe on Thursday with a new
EU Directive that strengthens 10-year-old rules on testing and
licensing GMOs used as crops or ingredients.
Ongoing research supported by the International Union of Food
Science & Technology reveals the value of food fortification.
In a recent paper food scientist Professor Moutairou Egounlety
discusses Gari, a cassava-based fermented...
California-based nutraceuticals firm CreAgri, which develops
antioxidant polyphenols from the pulp of olives, said it has raised
$8.3 million in its first round of venture financing. POSCO
BioVentures, DSM Venturing, Foragen Technologies...
Maker of nutritional and weight management products Usana Health
Sciences said it achieved record sales of $34.8 million (€35.5m)
for the third quarter ended 28 September 2002 , an increase of 18.6
per cent on the same period in 2001.
The amount of organic land in the UK has almost doubled in the last
year, and sales of organic food are the second highest in Europe,
according to new figures from the UK organic certification body,
the Soil Association.
For over one hundred years food has clearly been intimately tied to
all things 'a la mode'. But being able to read the trends and
understand the right direction to take is far from evident. A tool
from Quest is set to better...
Reporting sales of SF21.7 billion (€14.8bn) for the first nine
months of the year, the Roche group, which has recently sold its
vitamins business to DSM, also announced that a further SF1.2
billion would have to be set aside for the...
The maker of Tropicana orange juice, the Gatorade energy drink, and
Quaker Oats said sales for the 2002 third quarter climbed 4 per
cent on the same period last year to $6.38 billion (€6.5bn).
US investment company Fremont Partners has bought Nellson
Nutraceutical, the California-based maker of functional bars and
powders, from Artal Luxembourg. The company did not specify the sum
paid for the acquisition.
Swiss fine chemicals company Lonza said today that Martin Ebner's
BZ Group Holding plans to sell its 19.8 per cent stake in the
business in the coming weeks in a bid to raise cash for the
investor group.
Endovasc - a biotechnology company with two cardiovascular drugs
approved for final FDA Phase III trials - announced that it has
established a new subsidiary, Nutriceutical Development Corporation
(NDC), for its potential blockbuster...
US marketer of private label vitamins saw sales drop in its 2003
first quarter, due to the sale of two brands in July this year.
However gross profit and operating income was up on the same period
last year.
Leading Brands, the Canadian maker of the Trek energy drink, has
reported a revenue increase of 41 per cent for the second quarter
of its 2002 fiscal year ended 28 February 2003. Sales of the new
Trek performance drink have exceeded...
The US manufacturer of nutrient blends Fortitech officially
launched its European affiliate, Fortitech Europe, at the Health
Ingredients Europe show, which opened yesterday in Paris, France
A rights plan offering shareholders the right to increase their
stake in Nutrition 21 has been introduced by the company's
management in a bid to stave off unsolicited or undervalued
takeover bids.
Martek Biosciences, the US group which specialises in omega-3 oils,
has reported net losses of $3.7 million (€3.8m) for the third
quarter of the current year, but said that its restructuring
efforts were beginning to bear fruit.
US Nutraceuticals has acquired the astaxanthin business of La Haye
Laboratories, a Washington-based manufacturer of branded dietary
supplement ingredients.
Speciality chemicals business Cognis saw first half sales rise a
mere 1 per cent on the same period last year, generating €1,633
million. The company's chief financial officer blamed the difficult
world economy for slowing growth,...
Swiss speciality chemicals group Lonza announced yesterday that it
was to restructure two business sectors, resulting in the loss of
225 jobs or 3 per cent of its 6,400 workforce.
US biotech company Interleukin Genetics said it has signed an
agreement with an undisclosed major consumer products company to
develop and market proprietary genomics-based nutritional and
skincare products.
In Europe and the US consumer groups are keen to see food
manufacturers reduce the use of trans fatty acids in foods, a type
of fat linked to heart disease. A move this week by fast food giant
McDonalds is will be seen as a step in...
Canadian biotech company CV Technologies has reported a 30 per cent
increase in revenues for the third quarter of FY 2002, attributed
to greater volume of sales from natural health products.
Anglo-Dutch consumer products group Unilever said today it would
sell its edible oils unit Loders Croklaan Group to Malaysia's IOI
Corporation for €217 million in cash.
Canadian company Forbes Medi -Tech yesterday reported profitable
second quarter and first half results, making significant
improvements on losses reported last year. The good news was a
result of the one-time C$6.1 million gain from...
Danish oils and fats company Aarhus Oliefabrik reported a drop in
operating income to DKK93m (€12.5m) for the first six months of
2002, down from DKK 125m (€16.8m) for the same period last year,
but still saw a slight improvement...
California-based nutritional supplements supplier Hauser has sold
its Shuster Laboratories division to Specialized Technology
Resources, a private company, for around $7.7 million (€7.81m) in
cash.
Chromium-based supplement maker Nutrition 21 reported revenues of
$3.8 million for the fourth quarter and fiscal year ended 30 June
2002, compared to $5.3 million for the comparable period a year
ago.
Dutch food company Wessanen reported sales of €1,449.5 million for
the first half of 2002. Business in Europe has been positive, but
Tree of Life North American produced disappointing results, said
the company.
