Dutch food group Wessanen is already seen the benefits of its
far-reaching restructuring programme Operation Phoenix with a
significant recovery in profits at its cereal products division,
Dailycer.
French yeast giant Lesaffre is driving deeper into the US market,
announcing a link up this week with crop processing titan Archer
Daniels Midland to break ground on a new yeast plant in the US.
Athens Re-packing, a unit of US-based snack food manufacturer
Keebler, has been sold to a company called Total Logistic Control
(TLC), itself a unit of the C2 group, for an undisclosed sum.
Frito-Lay, the snack food arm of giant US food and drink group
PepsiCo, was one of the main drivers of growth for the company last
year, not least as a result of various new product launches
designed to tap growing demand for low...
Higher margin ingredients continue to offer financial gains for
textured wheat protein supplier MGP Ingredients. Driving deeper
into the market in 2004 the company will pour millions of dollars
into doubling production of this speciality...
Fazer Maiznica Druva, the second largest bread maker in Latvia, has
refitted one of its production facilities in the city of Ogre, some
40 kilometres outside the capital Riga.
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 &
Friends company.
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.
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.
Wessanen, the Dutch wellness foods group, is to close one of its
British breakfast cereal production units as part of its cost
cutting programme, Operation Phoenix.
Speciality cakes is one of the fastest-moving sectors in the UK
baked goods market, and producers are continually looking for new
products to extend their presence in this sector.
Pinpointing growth areas in the food industry, leading US flavours
company International Flavors & Fragrances (IFF) is to break
ground on a new facility in the bakery and savoury application
areas.
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...
Kalev, Estonia's leading confectionery producers, has acquired 99.1
per cent of compatriot Jarle, a producer of sweet and savoury baked
goods, according to the Baltic News Service.
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
Food Products.
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
giant Danisco.
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.
Major restaurant group Tragus Holdings yesterday said it would
re-brand its entire division of 64 Bella Pasta restaurants, after
posting maiden pre-tax profits of £5.7 million (€8.19 million.)
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...
European research into the potential carcinogen acrylamide has
received a massive injection of cash to boost the biggest
international project to date on toxic substances formed when food
is heated.
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...
Leading Scottish baker, Warburtons, is set to construct a new £14
million(€20.3 million) extension to its Bellshill bakery, which is
set to more thandouble the company's output for the region.
Anglo dutch consumer goods group Unilever posted an 11 per cent
rise inprofits today after announcing their results for the third
quarter, animproving margin even though sales stagnated.
Greggs, the UK's leading sandwich and savouries manufacturer, has
announcedsix monthly results to 18 October that show an improvement
in sales andgrowth.
The Benelux operation of Fiske Food Ingredients has linked up with
starch ingredients company Avebe to distribute the co-operative's
full range of products.
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.
CCHBC, one of the world's largest Coca-Cola bottlers, is now about
to become a leading supplier of savoury snacks, at least in its
home market of Greece.
Bunge North America has announced that its subsidiary, Bunge
Milling, has acquired ConAgra Foods' Atchison corn dry milling
plant and related grain elevator in Kansas.
There is increasing speculation regarding the future of French
dairy-to-biscuits group Danone, with the firm being touted as both
a takeover target and a likely bidder in recent days.
The UK manufacturer Glisten, has taken the first steps towards
strengthening its position as a niche food group with the
acquisition of Sunya, a manufacturer of baking aids and sweet
spreads.
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.
UK subsidiary of bakery ingredients giant CSM takes the first steps
on the road to 'sweet treat' growth through the integration of its
latest acquisition, the cookie supplier Readi-Bake.
The appreciation of the euro against both sterling and the US
dollar took the shine off an otherwise excellent set of results for
Irish bakery group IAWS in 2003.
