Hiestand, the Swiss baked goods producer partly owned by Ireland's
IAWS group, has become the biggest producer of deep frozen baked
goods in Germany with the acquisition this week of the Back &
Japanese consumers are among the most demanding in the world when
it comes to food safety and quality, and so it is no surprise that
they are also among the most vociferous opponents of genetic
modification of food.
Food Group, the UK speciality cakes manufacturer, had such a
successful Christmas trading period that it found itself unable to
meet demand for its products and suffered a reduction in profits as
Speciality ingredients continue to deliver improved results for
wheat-based ingredients supplier MGP Ingredients with the company
this week raising its estimated revenue for the year on the back of
higher than expected sales.
Sales of pastries and baked goods suffered last summer because of
the exceptionally hot weather, but an excellent performance during
the colder winter months helped UK baked goods and sandwich
retailer Greggs to end the year on a...
Yu-Point, the largest grain trading company in Serbia and
Montenegro, is about to expand further with the help of a €12
million loan from the European Bank for Reconstruction and
Development and Fortis Bank, a leading Dutch-Belgian...
Bunge, the world's top oilseed processor, last week said it was
looking to cream off a gain of about $2 million, or 2 cents per
share, on the sale of its US bakery business to privately-held Dawn
Set against the backdrop of difficult trading conditions for
branded food manufacturers, raw material prices and a negative
currency impact played down first half figures for ingredients
Demand for functional ingredients in Europe is far from slackening
with European buyers set to reach 5 million by 2007. Ingredients
companies, such as J. Rettenmaier & Sons (JRS), are aiming to
keep pace with the demand, focusing...
As if the major droughts in Europe, low world wheat stocks and
further speculation that China is importing large amounts of raw
materials wasn't enough to fuel further debate over rising flour
prices, Defra have reported a mistake...
Moving deeper into speciality ingredients US company MGP
Ingredients has earmarked $1.7 million to expand its line of
textured wheat proteins and wheat protein- and starch-based resins.
The investment comes on the back of strong first...
Hot on the heels of weak third quarter results, US agri-giant Bunge
said on Tuesday that it has signed a definitive agreement to sell
its bakery business to US company Dawn Food Products for $76
million in a bid to focus on the core...
Omni Foods, the Israeli franchise holder of Domino's Pizza,
yesterday issued a trading statement to the Tel Aviv Stock Exchange
announcing that the company is ceasing operations in the area, due
to a breakdown in negotiations...
Danish oils and fats company Aarhus United saw third quarter profit
falling by over 50 per cent as reduced margins, lower exchange
rates, a decline in bulk oil sales and heightened competition, ate
into the bottom line.
Weetabix, the iconic British breakfast cereal maker, is the second
British brand acquired by US-based Hicks, Muse, Tate & Furst
this month. The £642 million acquisition comes hot on the heels of
the purchase of Unilever's...
RHM, one of the largest food retailers in the UK and Ireland has
announced its sale of Pasta Foods LTD to a management buy-out team
for an undisclosed fee. In a separate deal it has also sold Three
Cooks limited to Cooks limited,...
Hot weather hit frozen food and ready meals but boosted salads and
sandwiches in the first half for Uniq. Reported sales were slightly
lower than last year due to the residual effects of disposals, but
the company's restructuring...
Major British sugar and sweetener group Tate and Lyle has reported
a sixper cent decrease in half year profits today and the success
of agreementsfor future prices for it starches and sweeteners will
have a major impact onthe profits...
Following low wheat crop yields, analysts are warning that Ukraine
isthreatened with increasing food prices, particularly with respect
to breadand bakery produce. The rise in food prices is also
expected to have asignificant knock-on...
The addition of two major grocery brands (Mazola and Ovaltine)
helped lift sales and profits at Associated British Foods in the
last 12 months. But the traditional ingredients, agriculture and
retail businesses also improved during...
Kellogg, the cereal and snacks maker, has raised its full-year
profit forecast after an excellent third quarter performance which
saw both sales and profits rise significantly. The gains came as a
result of new product launches, brand...
Even four years into its five-year Path to Growth programme,
Unilever still has plenty of non-core brands to offload. The latest
are Ambrosia and Brown & Poulson, two well-known ambient food
brands in the UK market, which have...
United Biscuits continues to restructure with a £10 million plan to
expand its Harlesden plant in north west London. This follows the
closure of its biscuit production facility in the English Midlands
earlier this year.
US bakery firm Krispy Kreme appears keen to become part of the
British establishment. The firm's first UK store was opened today
at Harrods, the Knightsbridge department store famous for its
opulence and glamour.