German-based ingredients firm Nutrinova has announced a
double-digit price hike for its sorbate range of additives, used
increasingly by global food developers to preserve food products
such as confectionery and baked goods.
Despite a warning in April that raw materials and currency would
have an impact on second half earnings, the UK ingredients firm
Associated British Foods, which in July laid down €1 billion for
leading yeast supplier Burns Philp,...
Swedish oils and fats firm Karlshamns, which saw its profits slip
at the end of 2003, has acquired UK flaked fats company Kelanco,
and with it a drive into value-added speciality fats for the
booming UK convenience food market.
Krispy Kreme is fast becoming the lame duck of the New York Stock
Exchange as investors desert the US maker of doughnuts amid
concerns over the rising levels of obesity, writes Sibonelo
Radebe. And the company appears to have little...
Ongoing demand for healthy products helped Irish food and
ingredients firm Kerry to a strong first half performance. And with
recent acquisitions pushing it into other high growth sectors,
there is little to stop the group from making...
CSM, the Dutch food ingredients company, is considering the sale of
its sugar confectionery unit in order to concentrate on its core
bakery supplies and sugar operations - despite a very poor
performance from the bakery unit in the...
Interstate Bakeries Corporation (IBC) has continued its
cost-cutting programme with the closure of yet another bakery, in
Buffalo, New York. The closure, which will take place in October,
will see the loss of 200 jobs but will help...
Another $100 million has been thrown into the beleaguered US bakery
wholesaler, Interstate Bakery Corporation (IBC) in what appears to
be a final desperate move to keep the group afloat, writes
US cereals and snacks group Kellogg is to centralise its European
operations in a new office in Ireland, giving it a major presence
in the market with the world's highest per capita consumption of
ready-to-eat cereals, writes...