Sensus expands inulin production
In response to increasing demand for Frutafit® inulin, Dutch
ingredients company Sensus is to expand its manufacturing capacity
in Roosendaal,The Netherlands.
Danone bids for Asia Pacific energy drinks
French food company Groupe DANONE announced on Wednesday that it
intends to make a public offer to acquire 100 per cent of the
capital of Frucor Beverages Group Limited, a market leader in the
fast growing energy drink segment in...
Rumours continue over DSM and BASF bid for Rhodia
Rumours this week that French ingredients company Rhodia has
received informal bids from its European rivals DSM and BASF
remained confused on Tuesday.
Food science company formalises nutrition agreement
Food science and technology company Bon Coeur Inc. announced
recently that it has formalised a relationship with nutrition
product maker Nutrition 21 Inc.
ADM invests in non-GM soy
Agribusiness giant Archer Daniels Midland Co. said on Tuesday it is
paying an extra 20 cents per bushel for soybeans that have not been
genetically modified and are delivered to its processing facility
in Decatur, Illinois.
Casein price faces downward pressure
Prices for New Zealand's largest export sector, dairy products,
face downward pressure, ASB Bank warned on Wednesday.
Cereal Chemists appoint Board of Directors
The American Association of Cereal Chemists (AACC) this week
announced the appointment of its 2001/2002 Board of Directors, to
be installed on October 18, 2001.
Degussa Unit aims for 25 per cent growth
Fine Chemicals Business Unit of chemical giant Degussa AG aims to
increase sales revenues from its current 1 billion euros by at
least 25 percent
Danone buys US functional yoghurt
Groupe Danone, the France-based consumer products company, has
agreed to acquire a slice of the US functional yoghurt leader,
Rhodia reduces earnings outlook for 2001
French based specialty chemicals company Rhodia announced on
Thursday that it had adjusted its 2001 earnings outlook due to the
volatile economic climate.
Nutraceutical firm sells D-glucarate business
Nutraceutix, a US producer of ingredients and technologies for the
nutraceutical industry, is to sell its D-glucarate business to
another licensor of the product, BioChemix.
Organic ingredients co. acquires juice giant
Acirca, Inc., a US organic foods and ingredients company, announced
on Tuesday that it had acquired Mountain Sun, a leading organic
juice maker in the United States.
Benecol maker to focus on life science chemicals
Finnish company Raisio on Tuesday unveiled its long-expected
strategic focus change, saying it aimed to be a life-science
oriented chemicals group and forecasted its turnover to double to
1.6 billion euros ($1.46 billion) by 2005
Organic food safe from economic downturn?
An economic downturn may not hurt the U.K. market for organic food
products, Robert Duxbury, technical manager for organic products at
J Sainsbury PLC told Dow Jones Newswires Monday.
Organic programme to improve awareness
US organic company Horizon Organic Holding Corp. this week
announced the creation of the Organic Agriculture Project (OAP), a
project designed to promote the benefits of organic agriculture.
Thai health food looks to the West
Thai health food company Nutri Care Foods Co Ltd has its sights set
on the international market, the company told a press conference on
Gov role key in nutraceuticals market
Americans possess a growing awareness of the link between nutrition
and health, as government committees become increasingly attentive
to nutraceutical product claims and potential regulations.
Health and wellness market analysed
2001 was an eventful year in the health and wellness marketplace, a
recent trends report from US Natural Marketing Institute claims
ConAgra reports increase in sales
ConAgra Foods, the American packaged food group, reported record
first quarter sales and earnings for the period ending August 26,
Restructure for ADM food divisions
ADM announced the restructuring of its Food and BioProducts
Divisions to strengthen the company's global focus on its core food
and feed operations, as well as its functional foods and
Stock repurchase for Hain Celestial
The Hain Celestial Group announced that its Board of Directors has
authorised a stock repurchase program.
Agreement for Advanced Nutraceuticals
Advanced Nutraceuticals subsidiary, ANI Pharmaceuticals, is to
acquire assets of York Pharmaceuticals, Inc.
Henkel completes sales of Cognis
Henkel KgaA has agreed to sell its chemical division Cognis to a
consortium of financial investors comprising of Schroder Ventures
and Goldman Sachs Capital Partners.
Béghin-Say H1 results
The Board of Directors of Béghin-Say, chaired by Jérôme de
Pelleport, met on 10 September 2001 to approve the consolidated
financial statements for the six months ended 30 June 2001.
So Natural reports net loss
So Natural Foods posted a A$233,867 (Euro132,566m) net loss for the
year ended June 30, 2001, compared to a net profit of A$1.127m
(Euro638,834) in the previous year.
Kraft seeks expansion into functional foods
The American food group Kraft is looking for acquisitions in
healthfoods, snacks and drinks, nine months after its $14.9bn
acquisition of Nabisco.
Aarhus releases Maritex capital
Danish food firm Aarhus Oliefabrik announced a new partnership with
Tine Biomarin AS to further develop Maritex,the DNA salts
Cola steps up functional drinks competition
Functional drinks battle continues between Cola and Pepsi as Cola
targets Ocean Spray/ Nantucket Allserve company.
Numico denies selling out-of-date vitamins
Numico denied on Tuesday that its food supplement unit GNC
deliberately sold expired products in the United States
Australian organics aims for $1bln sales target
The Australian organic industry aims to quadruple production in the
next five years reaching $1 billion in domestic and export sales by
2006, reports IndustrySearch this week.
Nestlé reports H1 results
Nestlé delivers strong sales and earnings per share growthDuring
the first six months of 2001, the group continued last year's
H1 results for Degussa
Despite difficult economic conditions, Degussa stands firm and does
not forecast changes for the full year 2001.
Q1 results for Galaxy Nutritional Foods
Galaxy Nutritional Foods announced results for its first quarter
ended June 30, 2001.
EC clears acquisition in the dairy market
The EC has approved the proposed acquisition of Nutricia Dairy and
Drinks Group (NDDG) by Friesland Coberco Dairy Foods Holding N.V.
Strong growth for nutraceuticals group
Australian manufacturer of pharmaceuticals and nutraceuticals FH
Faulding announced this week a net profit of AU$ 106 million.
Functional drinks boost Hansen's results
Hansen Natural Corp. reported record sales for its second quarter
ended June 30, 2001, supported by strong growth in functional
drinks lines and new products.
Degussa focusing strategy continues
German speciality chemical giant Degussa AG announced this week the
sale of its ASTA Medica Onkology business to Baxter Healthcare S.A.
DMV signs agreement with US meat packers
Lactoferrin ingredients giant DMV International announced this week
a joint venture agreement with US beef packing company Farmland
National Beef Packing Company L.P.
Croda reports profit loss in 2Q
Croda, the UK chemicals company, said its move to focus on
higher-margin oleochemicals had cushioned it against the sharp
downturn that has affected most chemical groups in the first half
of the year.
Bunge's shares fall
The American agribusiness group Bunge Limited became a public
company on August 2 with the start of trade on its newly issued
PepsiCo and Quaker finally merged
On August 2, PepsiCo announced it has completed its merger with The
Quaker Oats Company, creating a $25 bn food and beverage company.
PepsiCo-Quaker deal approved
After months of baited breath soft drinks giant PepsiCo Inc.
finally obtained the approval, albeit by a hair's breadth, to buy
Quaker Oats Co. and its successful Gatorade brand.
Saputo Q1 results up
Saputo Inc, the largest dairy processor in Canada reported on a
first-quarter profit climb of a third compared to the same quarter
last year as the price of cheese shot up.
Decision on Pepsi-Gatorade purchase imminent
The Federal Trade Commission (FTC) is getting ready to vote as
early as Wednesday on whether to try to block PepsiCo Inc.'s
proposed $13.8 billion acquisition of Gatorade sports drink maker
Quaker Oats Co.
Bayer close to Aventis agrochemical purchase
German chemicals group Bayer AG is edging towards a deal to buy the
agrochemicals arm of Franco-German drugs group Aventis SA for
around Euro 7.25 billion, including debt.