business news
24 Apr 2019
--- Beyond Meat, the highly innovative Californian innovator behind the plant-based alternative burger, has announced the launch of its initial public offering (IPO) of 8,750,000 shares of common stock. The company is looking to...
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23 Apr 2019
--- The Kraft Heinz Company’s Board of Directors has appointed former Anheuser-Busch InBev executive Miguel Patricio as Chief Executive Officer effective July 1, 2019. Patricio will succeed Bernardo Hees, who will remain...
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Tate & Lyle CEO: Asian growth opportunities exist through both “organic investment and sensible M&A”
19 Apr 2019
--- Tate & Lyle is eyeing both Asian expansion opportunities and growth within specialty ingredients, as the company evolves ever further from its commodity roots. While Tate & Lyle’s Primary Products and Food...
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17 Apr 2019
--- Danone has reported first-quarter underlying sales growth of a relatively modest 0.8 percent to €6.138 billion (US$6.94 billion). Growth was attributed mainly to the plant-based and waters segments and is reportedly in...
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15 Apr 2019
--- Nestlé and Carrefour have partnered on giving consumers the ability to access information from the first blockchain on a national brand in Europe. This partnership is “based on the shared values of each company...
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11 Apr 2019
--- Barilla, the Italian family-owned food company, has celebrated the expansion of its pasta plant and integrated durum mill located in Ames, Iowa. This expansion brings the facility's production capacity to 200,000 metric...
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10 Apr 2019
--- Lesaffre has officially opened its first Baking Center that is 100 percent dedicated to industrial customers, where tests can be run at full scale. Located in the south of Vienna, Austria, the new center features...
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08 Apr 2019
--- Soda Press Co. (Australia) says it is revolutionizing the kombucha scene with its release of “the world’s first certified organic kombucha concentrate that is also shelf-stable.” The concept is designed to...
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04 Apr 2019
--- Irish dairy cooperative Ornua Group, owner of the Kerrygold brand, has released its financial overview of 2018, attributing a “successful year” to a significant and sustained investment across its facilities and...
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03 Apr 2019
--- The Döhler Group has acquired a majority stake in Spain’s Zumos Catalano Aragoneses S.A. (Zucasa). With immediate effect, Döhler will manage Zucasa’s juice production facility located in the Huesca...
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02 Apr 2019
--- The Ferrero Group has announced a definitive agreement pursuant to which it will acquire the cookie, fruit and fruit-flavored snack, ice cream cone and pie crust businesses from Kellogg Company for US$1.3 billion (or...
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01 Apr 2019
--- Mondelez International Inc. is reportedly in advanced talks to buy the international brands of US food company Campbell Soup Co. Mondelez is negotiating final terms of purchase of the business, which includes Australian...
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29 Mar 2019
--- Barry Callebaut has inaugurated its new state-of-the-art processing unit at its Zone 4C Société Africaine de Cacao (SACO) plant in Abidjan, Côte d’Ivoire. The new grinding unit, which is part of a...
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28 Mar 2019
--- Dutch-headquartered meat processing giant Vion is seriously considering strengthening its position in vegetarian offerings. Vion already has a subsidiary in Germany which produces and sells dozens of vegetarian products...
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28 Mar 2019
--- Kerry has celebrated a US$65 million expansion in savory capabilities at its Taste Center of Excellence in Clark, New Jersey. Already home to Kerry’s Sweet & Natural Extracts Center of Excellence, the new Savory...
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27 Mar 2019
--- The dramatic rise in cold brewed coffee is entering a new stage with an innovative technological system further cementing the trend. lllycaffè S.p.A. has launched what it claims to be the first-ever system for coffee...
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26 Mar 2019
--- BI Nutraceuticals, a global full service manufacturer and supplier of plant-based ingredients in the US, has been acquired by the Martin Bauer Group, a global botanical expert for an undisclosed sum. Effective March 25,...
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26 Mar 2019
--- Lantmännen has signed an agreement with Tate & Lyle for the acquisition of an oat ingredients manufacturing facility in Sweden. The Swedish-headquartered cooperative is acquiring an oat mill with a capacity of...
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20 Mar 2019
--- Major suppliers are eyeing new growth opportunities that specifically target Chinese tastes. Investment announcements and facility expansions from Firmenich, Wacker and Agrana in the past week, suggest that a more...
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19 Mar 2019
--- Swiss foodstuffs company Hochdorf generated a net sales revenue of CHF561 million (US$561 million) in 2018 (a decrease of 6.6 percent compared to previous year) and has warned on the company’s exposure amid changes to...
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