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Private equity buys food ingredients group IMCD

Private equity moves deeper into food ingredients industry, with European equity provider ABN AMRO Capital buying up ingredients distributor IMCD from AlpInvest Partners, reports Lindsey Partos.

CSM closes three US production sites

CSM Bakery Supplies North America plans to close three production sites and to restructure a further two facilities, the Dutch ingredients firm announced today.

DSM sheds yeast business in nutrition focus

Dutch food and pharma group DSM completes the last step in shedding its bakery portfolio, selling its stake in the South African yeast products manufacturer Rymco,writes Lindsey Partos.

More fines for bakeries neglecting health and safety

Another UK bakery faced a heavy fine this week after neglecting to ensure a safe working environment, leading to a worker losing his arm in an accident with a dough...

Bakery acquisitions on the high

Squeezed by tight margins owing to high raw material costs and a powerful retail sector reluctant to pass on price increases, players across the bakery sector are striving to find...

CSM reduces debt by €145m

Dutch bakery ingredients giant has reduced its long-term debt by €145m, the company announced today, as part of its strategy to improve its balance sheet.

DSM clears deal to shed bakery ingredients unit to private equity

Food and pharma group DSM clears a €197.5 million deal to shed its low growth bakery ingredients operations to private equity firm Gilde, reports Lindsey Partos.

CSM restructures subsidiary Purac

Dutch bakery ingredients firm CSM marches forward in its restructuring programme, announcing today that its next target for change will be subsidiary Purac Nederland.

Californians clash over acrylamide labeling

A Californian environmental group has threatened to sue food manufacturers unless they place acrylamide warning labels on certain products, writes Anthony Fletcher.

CSM sheds activities in Nordic area

Dutch bakery ingredients leader CSM continues to slash non-profitable activities, announcing yesterday that it will close its BakeMark sales office in Finland as part of its restructuring of the Bakery...

US bakers and suppliers launch initiative to reduce costs

A new initiative to bring American bakers and suppliers closer together is designed to cut costs and improve profitability, reports Lorraine Heller.

Northern Foods hit by fall in profits

Northern Foods, one of the UK's leading suppliers to Marks & Spencer, yesterday announced a sharp fall in annual profits after a year of tough restructuring.

Lack of funding threatens health and safety

Injuries at bakeries will be a major focus for 2005/6, says the UK's industry inspection body, yet the unions believe there is even less funding this year to implement health...

Cargill buys Romanian oilseed processing plant

Acquisition-hungry Cargill has announced it will acquire an oilseed crushing, refining and bottling company in Romania.

Corn Products misled market, claims lawsuit

A lawsuit has been launched against ingredients giant Corn Products International, alleging that one or more of its directors violated federal securities laws by issuing false and misleading statements to...

Detroit 'fat tax' unworkable, claims food industry

Detroit Mayor Kwame Kilpatrick's plans to place a tax on fast food has been dismissed as a cosmetic exercise to help cover the city's budget deficit, writes Anthony Fletcher.

Danish sugar giant to wind up beet operation

Functional flavours and ingredients manufacturer Danisco, one of Europe's largest sugar suppliers, is to cease the processing of sugar beet at one of its sites in Lithuania, Tom Armitage reports.

Rising costs dent Domino's Pizza margins

Rising ingredients prices dampened a strong first quarter sales increase for Domino's Pizza, the world's biggest pizza delivery firm, yet health may be the industry's biggest challenge in 2005, reports...

New labelling regime driving up product recalls

Tough new labelling regulations concerning allergens may be driving up the number of product recalls by UK's food producers, warns food safety consultancy RSSL.

Kraft puts money into flavor research

Kraft Foods is helping to finance a seat at the Monell Chemical Senses Center, which should help scientists - and food companies - to learn more about the intensity and...

RHM plots stock market floater

The owners of Britain's RHM, Doughty Hanson, have begun preparing the food group for a stock market flotation later this year after implementing pension reforms and cutting away dead wood,...

Marketing and health keep Kellogg rising

Kellogg has increased sales and profits in its first quarter through clever pricing and strong marketing investment, helping the firm to forge ahead in healthy snacks and beat off private...

Novozymes: food enzymes rise above industry pace for Q1

Food enzymes contribute a quarter of sales revenue to the overall enzyme business in the first quarter, says Danish firm Novozymes, marking a one per cent rise in contribution on...

CSM spears bakery ingredients

Dutch bakery ingredients firm CSM continues to focus on core business, clearing the sale of its sugar confectionery unit Malaco Leaf to investment companies Nordic Capital and CVC Capital Partners.

Soy prices still exposed: China reduces harvests

Pressure on soy prices likely to continue with a new report revealing China is expected to reduce its principal soybean planting area, while increasing corn and rice planting in 2005.

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