Business News

Pea protein surge: Cargill invests in Puris, the largest North American producer

18 Jan 2018 --- With the rapid rise in consumer demand for plant-based protein, PURIS, the largest North American producer of pea protein, and Cargill have signed a joint venture agreement to accelerate a new wave of “great tasting, sustainable and label-friendly plant-based foods.” The joint venture is closed as of Tuesday (January 16, 2018). Cargill is a minority investor in PURIS’s pea protein business, with Cargill financially backing PURIS for growth into the future.

3D food printing: Verstegen becomes the world's first supplier of cartridge fillings

11 Jan 2018 --- byFlow, a Dutch company selling and producing 3D Food Printers, has announced a new collaboration with its new partner Verstegen Spices & Sauces. Verstegen is one of byFlow's partners for the Horecava 2018, which concludes in Amsterdam today, providing 3D food printing Fillings for their 3D food printer, the Focus. The first available flavor of the paste, beetroot and cardamom, was developed in collaboration with Jan Smink, byFlow's ambassador and top chef (winner b’Ocuse D’or, working for 3 star Michelin Restaurant De Librije).

Compass boss killed in Sydney seaplane incident

02 Jan 2018 --- Compass Group Chief Executive Richard Cousins has been named as among the dead when a seaplane crashed in a Sydney river on New Year’s Eve. The well-respected 58-year-old boss of the UK catering giant died alongside members of his close family on December 31. Others killed were his two sons, William Cousins, 25, and Edward Cousins, 23, his fiancée Emma Bowden, 48, and her daughter Heather Bowden, aged 11. The pilot, Gareth Morgan, 44, was also killed.

Making mindful choices: why sustainable seafood will thrive 

19 Dec 2017 --- Sustainability and the notion of a circular economy are high on both the industry and consumer radar, with “Mindful Choices” and “Going Full Circle” among Innova Market Insights’ Top Ten Trends for 2018. One of the most important sustainability platforms relates to fish & seafood. The market researcher also notes “Ocean Garden” as one of its 2018 trends, where the industry is looking towards the sea as a source for ingredients and more holistic nutrition inspiration. 

Will Campbell’s buy snack giant Snyder's-Lance?

18 Dec 2017 --- Speculation is mounting that the Campbell Soup Company is in advanced talks to acquire leading US snack maker Snyder's-Lance Inc. Multiple US media reports how discussions between the two companies are developing and a deal looks very likely. 

Sustain probe reveals “red-rated” fish on the menu at UK restaurants

18 Dec 2017 --- Sustainable Fish Cities is calling for all contract catering companies to commit to and publish a robust sustainable fish buying policy after its investigation found wide variations in how well contract catering companies are checking, sourcing, and communicating sustainable fish, with red-rated species being sold by some caterers.

UK: Food industry welcomes Brexit progress but warns of “mountain of work” ahead

18 Dec 2017 --- The European Council and British Prime Minister Theresa May have finally agreed to move onto phase two of Brexit talks after long negotiations which comes as some consolation for the food industry just in time for Christmas. Late last week, the 27 leaders of member states agreed to move onto the second phase of Brexit talks which now means that the UK’s future relationships with the bloc can now be addressed but negotiations can only really start next March.

Olam and Mitr Phol join forces for integrated sugar milling in Indonesia

18 Dec 2017 --- Olam and Mitr Phol Sugar Corporation (Mitr Phol), the world’s fourth largest and Asia’s largest sugar producer, have jointly announced a strategic partnership to capitalize on the attractive growth opportunities for sugar milling and refining in Indonesia.

Unilever to sell Spreads business to private equity KKR in near €7bn deal

18 Dec 2017 --- Unilever has received a binding offer from KKR to purchase its global Spreads business for €6.825 billion on a cash-free, debt-free basis. Unilever’s Spreads business includes brands such as Becel, Flora, Country Crock, Blue Band, I Can’t Believe It’s Not Butter, Rama and ProActiv. It operates across 66 countries around the world. In 2016 the business had a turnover of €3,032 million, EBITDA (before any carveout adjustments under new ownership) of €680 million, and assets of €1,108 million. This announcement, including the information contained in this release, excludes the South Africa Spreads business.

Dow to expand propionic acid facility in Texas

15 Dec 2017 --- Dow Industrial Solutions, a business unit of The Dow Chemical Company, announced plans to expand its propionic acid facility in Texas City, Texas to meet rising global demand. The propionic acid market continues to grow as a result of megatrends for longer lasting foods and animal feed and grain alternatives. Dow’s plant expansion supports this growth and follows debottlenecking projects completed at the Texas City facility in 2015 and 2017.

Givaudan opens new business solutions center in Kuala Lumpur

15 Dec 2017 --- Givaudan has announced the official opening of its new Givaudan Business Solutions (GBS) delivery center in Kuala Lumpur, Malaysia. The center will be the home to the business services and solutions that will form a platform for the Company's growth in the Asia Pacific region.

Firmenich expands presence in Africa by acquiring Flavourome

14 Dec 2017 --- Firmenich has announced that it is acquiring Flavourome, an established privately-held flavors company in South Africa that has been successfully serving the local market since 1998. With this acquisition, Firmenich will accelerate business growth in this strategic region by gaining direct access to new customers, while operating its own high performing manufacturing facility in South Africa. 

Aviko plans to join online grocery marketplace, INS ecosystem

13 Dec 2017 --- Subsidiary of Royal Cosun, potato processor Aviko has signaled its intention to join the direct-to-consumer movement by signing up to the INS platform, the online marketplace where producers can offer their products directly to consumers.

IOI Loders Croklaan wins Sustainability Champion Award at FiE, launches solution for lowering saturated fat

13 Dec 2017 --- At FiE in Frankfurt last month, the jury of the Food Ingredients Europe Innovation Awards awarded IOI Loders Croklaan with the Sustainability Champion Award for the company’s efforts in building a traceable, transparent and sustainable palm oil supply chain. The Palm Oil Sustainability Program of IOI Loders Croklaan shows the ability to demonstrate and stimulate innovation and raises the bar for the industry.

GEA finalizes Chr Hansen's vast fermentation plant for cultures

12 Dec 2017 --- A successful collaboration between GEA and Chr. Hansen was completed with the inauguration of the world’s largest fermentation plant for bacterial cultures at the customer’s site in Copenhagen, Denmark on November 23, 2017. 

ADM to sell Bolivian oilseeds operations to Inversiones Piuranas

12 Dec 2017 --- Archer Daniels Midland Company (ADM) has reached an agreement to sell its oilseeds operations in Bolivia to Inversiones Piuranas S.A. The sale encompasses ADM’s processing facility in Santa Cruz de la Sierra, as well as nine-grain silos and ADM’s Bolivian distribution business.

Solo Gelato and Barry Callebaut join forces to disrupt ice cream market with capsule innovation

11 Dec 2017 --- Israeli-based startup Solo Gelato has been developing a Nespresso-style capsule system that makes fresh ice cream in an instant – and Barry Callebaut has been helping to bring this goal to fruition.

Dairy UK joins call for more Brexit clarity

11 Dec 2017 --- Dairy UK has welcomed the progress being made between the UK government and the European Union on Brexit negotiations, however, the organization also wants to see much more clarity on the future relationship with the EU and how to stabilize the dairy industry.

Firmenich tips fig as “flavor of the year” for 2018

11 Dec 2017 --- Firmenich has named fig as “Flavor of the Year” for 2018 based on the growing appeal for this healthy and fruity flavor worldwide. “With its numerous health benefits and sweet and satisfying flavor profile, fig offers endless opportunities to inspire our customers and delight their consumers across a wide range of food categories,” says Chris Millington, President of Firmenich, Flavors.

Brexit breakthrough declared: No “hard border” in Ireland

08 Dec 2017 --- After months of negotiations and what looked like a continuing impasse, finally the UK government and EU have declared a “Brexit breakthrough” having reached a last-minute deal on key points, including the fact there will be no “hard border” in Ireland. For food and beverage industries, the Northern Ireland border is one of the key points that could impact trade and so companies have been closely monitoring Brexit talks for months, hoping that a “hard border” will be avoided.