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Sunset invades US organic snacks market

Low-carb specialist Sunset Brands has become the second company in a week to move in to America's rapidly growing organic food sector after signing a deal for organic snack and...

CSM shuts US bakery units for €60 million in savings

Shaving off unprofitable units, Dutch ingredients firm CSM said this week it would close four of its bakery ingredients distribution units in the US.

DSM: low margin food ingredients climb in tough climate

DSM, the largest food fermentation company in the world (in value terms) sees its combined food units beating industry growth for the year, but bakery still under pressure, reports Lindsey...

Wheat sourced ingredients still open to price risk

Prices for key raw materials used by the food industry are lighter this month on gains in wheat, corn and soybean inventories, but analysts suggests wheat prices are open to...

European speciality yeast suppliers face Chinese competition

Increasing affluence and changes in diet in China to open up new opportunites for European yeast extract suppliers, but the threat from Chinese suppliers has kicked off, writes Lindsey Partos.

Splenda fights back

Tate & Lyle's Splenda brand in the news again this week as McNeil Nutritionals, the table-top supplier of this increasingly popular sweetener, takes the US sugar industry to court.

Krispy Kreme crisis prompts redundancies

The cash-stricken Krispy Kreme doughnut company is to shed a quarter of its workforce in an attempt to overhaul losses as over-expansion and a lack of new products to appease...

Unilever divests UK edible oils

Edible oils market in the UK undergoes change as Anglo-Dutch conglomerate Unilever announces plans to divest its seed oils and cooking fats business to canned fish and meat firm Princes.

US health trend fails to dent PepsiCo snacks

The growth of PepsiCo's savoury snacks business helped the firm to a solid earnings rise in 2004 and also raises new questions about the damage healthy eating trends will inflict...

RHM workers may strike over pension reform

One of Britain's biggest trade unions has asked workers at food producer RHM if they wish to vote on strike action after the company became the latest in the UK...

Kellogg to develop Martek DHA-fortified foods

Martek Biosciences has signed a non-exclusive license agreement with Kellogg, under which it will supply the consumer foods giant with the omega-3 fatty acid DHA (docosahexaenoic acid) for use in...

UK sugar acquisition given clearance

The Competition Commission (CC) today announced it has provisionally cleared the completed acquisition by Napier Brown Foods (NBF) of James Budgett Sugars (JBS), but voiced concerns about the lack of...

Imperial Sugar forecasts difficult year

Imperial Sugar yesterday (Thursday) announced a higher first-quarter profit, but predicted that operating income would fall significantly in 2005 as the sugar industry remains challenging, reports Philippa Nuttall.

Bread sales dip impacts Novozymes food unit

Sales for food enzymes crept up by a slight 2 per cent in 2004 for number one enzymes player Novozymes, but a boost in low carb beverages continues to lift profit.

Parmalat sells US bakery

Stricken Italian firm Parmalat, still being investigated for fraud, has sold its loss-making North American Bakery Group to private equity firm Catterton Partners, reports Chris Mercer.

Healthy snacks image lifts Kellogg

Good foresight on rising health trends and heavy investment in premium brands have helped cereal and snack producer Kellogg to a steady sales and earnings rise for 2004, with North...

Hiestand quality brings global sales rise

A reputation for quality and efficiency across Europe and Asia have helped Swiss baker Hiestand to predict it will beat its own earnings targets for 2004.But the company's biggest challenge...

British bakers make confident start to 2005

British cake maker Inter Link Foods has again taken advantage of the country's piecemeal cake sector by making its biggest acquisition to date. Meanwhile, UK bakery retailer Greggs, buoyed by...

Fortitech expansion reflects booming European market

Strong year-on-year sales growth and a major new plant expansion at premix leader Fortitech's Europe base demonstrates the insatiable appetite for fortified foods in the region, writes Dominique Patton.

APV slashes cost of baking equipment

Lower cost baking equipment suppliers could lose out after the UK's APV Baker announced its intention to implement price reductions and a new marketing strategy, reports Chris Mercer.

Tate & Lyle: pricing rounds squeeze EU margins

Pricing rounds in the tough sweeteners market draw to a close with UK starch and sweetener supplier Tate & Lyle expecting a slight fall in margins for Europe.

UK Finsbury confident on Christmas profits

UK speciality cake and bread producer Finsbury Foods is expecting healthy profits in 2005 and claims to have reversed last year's nightmare Christmas period, despite mixed reports from many multiple...

Cake market slow-down to threaten Inter Link success?

Canny acquisitions have led Britain's cake sector whiz kid, Inter Link Foods, to report another strong profit rise, but the company should tread carefully amid rising debts and a sluggish...

Amalgamated Sugar suffers from market uncertainties

Uncertainties in the sugar market have prompted Amalgamated Sugar Company to lay off employees at its processing plant in Nyssa, Oregon.

Wheat prices still at risk

Wheat prices are still open to risk as low global stocks provide little buffer to surprise supply shocks but soybean prices should remain low on record high global inventories, writes...

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