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Burns Philp goes to market to raise acquisition funds

Burns Philp's plan to raise A$2.1 billion (€1.3 billion) from a share offering in its Goodman Fielder business underlines the group's ambitions to dominate the Australasian ingredients market.

Burns Philp to sell Goodman Fielder, reports

Leading baking ingredients supplier Burns Philp & Co postponed an IPO of its Goodman Fielder unit after getting an offer for the business, according to reports today.

Loders Croklaan targets trans fat free demand

Netherlands-based Loders Croklaan is expanding its palm oil processing facilities in the US in order to tap the growing demand for trans fat free oil.

World's largest malting plant targets growing demand

Malteurop's new malting unit, considered to be the largest in the world, is designed to meet increasing demand for a highly nutritional ingredient.

Greggs sales hit by slowing retail market

UK bakery group Greggs Plc has said its sales have slowed in recent weeks on the back of a poor retail market.

Warburtons expands to make fresh bread available faster

UK family baker Warburtons has bought up the Rathbones bakery in Rogerstone, Wales, in a move to keep up with growing demand for its products, the group announced last week.

Sara Lee profits plunge as transformation continues

Leading US bakery Sara Lee yesterday reported a decline in sales in its first quarter, with net income hit hard as the company enters the ninth month in its five-year...

Panera raises outlook after strong Q3 results

US bakery franchise Panera Bread this week posted strong third quarter results, boosted by good bakery-cafe sales, prompting the company to raise its outlook for the fourth quarter.

Kellogg reveals sluggish European sales

Kellogg's strong third quarter performance in America and Asia Pacific offset the company's continuing sluggish European sales, it emerged this week.

Enzyme giant Novozymes reports solid growth

Continual productivity improvements are behind Novozymes' solid performance since it was floated on the stock market in 2000, according to CEO Steen Riisgaard.

Sara Lee to sell coffee business, focus on food

US bakery and international consumer goods manufacturer Sara Lee has signed an agreement to sell its US retail coffee business as part of the company's bid to redefine its over-stretched...

Flowers bakery expands to cope with higher demand

US bakery Flowers Foods last week announced that it is expanding its production facilities in order to cope with growing demand for its products.

Panera holds up against higher costs

Leading player in the US bakery sector Panera Bread looks to be holding its own in an industry squeezed by high raw material costs and a powerful retail sector reluctant...

IBC closes seventh bakery in one year

Bankrupt US bakery group Interstate Bakeries Corporation (IBC) yesterday announced that it is to close another bakery as it continues its restructuring efforts in an attempt to get back on...

Nestlé targets brands at hard discounters

Nestlé says it will embrace moves by hard discounters to sell more branded products as part of its plan to recover from difficult times on Europe's food and drink market.

Spiralling costs hit lactic acid prices at Purac

For the second time in six months, Purac raises prices for its range of lactic acids as raw material and energy costs continue to bite.

IFF settles claims with lung-damaged popcorn workers

A flavoring company has settled claims with 19 popcorn factory workers who claim that a butter flavoring led them to develop lung disease.

Aarhus & Karlshamns become major force in fats

Two leading European manufacturers of oils and fats for the food industry last week joined forces in a move the companies hope will allow them to significantly expand their businesses...

Sara Lee to sell European apparel business, focus on food

Leading US bakery and international consumer goods manufacturer Sara Lee has announced that it has entered negotiations regarding the sale of its European branded apparel business. The move forms part...

Low-carb bar company buys Altu brand

UK functional food developer Provexis has sold its healthy bars line to a new company catering to consumers trying to cut down on carbs.

Walkers to open new snack factory in UK

Crisp and snack company Walkers is to open a new UK plant in Skelmersdale. The plant will produce Walkers snack products and will take over some of the production from...

PepsiCo snacks fare well, but far behind diet drinks

PepsiCo continues to benefit from its healthy snacks ranges, though a modest sales increase in snack products in the past three months was overshadowed by a strong performance from the...

Burns Philp spins off bakery ingredients unit

Australian ingredients and food group Burns Philp cashes in on value creation to fund future investments, spinning off its baking, spreads and oils divisions into a separate firm.

Cereal price squeeze likely as global stocks fall

Pressure on prices for cereal ingredients will continue as revised figures show a draw down in global cereal stocks in 2005.

Purac builds lactic acid plant in Thailand

Out to capture the projected double-digit growth in lactic acids in Asia, Purac has signed off €98 million to build a new plant in Thailand.

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