Firmenich shores up presence in Dubai
Firmenich has announced the opening of a new affiliate in Dubai, in a bid to deepen its understanding of Middle Eastern consumers’ flavour and fragrance preferences.
Developing markets drove Givaudan ‘09 sales
Latin America and Asia led the way with strong sales for Givaudan’s flavour division in 2009, prodding it towards 1.9 per cent sales growth in local currencies in a tough year for industry.
DSM and Anchor set up wine ingredients business
DSM and Anchor BioTechnologies have agreed to set up a joint venture bringing their bio-tech wine ingredients together under one roof in the south of France.
Muntons eyes Europe with new distribution deal
Muntons is looking to build use of its malted ingredients across Europe, with a new multi-country distribution deal with Barentz.
BASF raises propionic acid prices again
BASF is bringing in another price increase for propionic acid, a food preservative, because increasing costs of raw materials mean the margins are unsatisfactory.
Symrise invests in Russia and Singapore
Symrise is extending its reach in two high potential developing markets, with the acquisition of a new facility in Russia and the opening of a new plant in Singapore.
Ingredients and creativity plump sales for poultry firm
Rectory Foods is eyeing up another year of bumper sales, despite the recession taking its toll on many in the sector. Its secret? Branching out into ingredients and responding quickly to market changes.
Top management at Cadbury resign
The top management at Cadbury have announced their resignation following the takeover of the UK confectionery giant by Kraft.
Unilever boosts year with promos and ads
Unilever has reported strong end of year sales on the back of a Q4 advertising drive, with particularly good progress in reestablishing volume growth in Western Europe.
Frutarom hires GM to hone health focus
Frutarom has been snapping up healthy ingredient firms for the last couple of years due to an ambitious strategy to build presence in the high potential healthy market, back up claims with science and speed product development.
Kraft bid wins over 74% of Cadbury shareholders
Kraft’s takeover of UK chocolate firm Cadbury is now unconditional, as 74 per cent of Cadbury shareholders yesterday accepted the offer of 840p per share plus a 10p dividend.
City leaders to target ‘junk food’ makers
Fast food companies are the new bugbear of London’s mayor, who used the launch of a new event comparing childhood obesity in New York and London to pledge action.
Nordenia sell-off rumours
Owners of flexible packaging company Nordenia International are trying to sell the company for around €600m ($844m), according to media reports.
Wild sells shares, plans global reach and IPO
Rudolf Wild GmbH has sold some shares to asset manager Kohlberg Kravis Roberts & Co (KKR) in preparation for an eventual public listing, and plans to form a global flavour business with its US affiliate this year.
Purac raises lactic acid prices as raw materials rocket
Lactic acid supplier Purac has announced a price increase of between 0.10 to 0.15 Euros per kilo, as the company seeks to pass of some of the expense from rising raw material costs.