Kerry buys Cargill flavours division for €168m
Kerry Group confirmed that it is to buy the Cargill flavour business for $230m (€168m)
Archives for September 21, 2011
Ralcorp board faces class action lawsuit over refusal to engage with ConAgra
The row over Ralcorp’s refusal to engage with suitor ConAgra has escalated following the filing of a class action lawsuit alleging Ralcorp’s directors breached their fiduciary duties to shareholders by rebuffing ConAgra’s advances.
News focus: Asian hunger grows for healthy foods and supplements
NutraIngredients and our brand new sister site, FoodNavigator-Asia.com, recently attended the first Vitafoods Asia trade show in Hong Kong, where we found 100s of thriving healthy foods, food supplements and ingredients companies eyeing and displaying...
As costs increase, manufacturers may be forced to re-assess working with China: Report
Food and beverage companies may be forced to seek other Asian countries to source, produce and manufacture products from as China’s low-cost advantage diminishes, a new report suggests.
Kiwi dairy wants a bite of China's infant formula market
New Zealand-based Synlait Milk has expanded its production capacity and scope in an attempt to make a major dent in to China's US$5bn infant formula market.
Listeria-busting bacteriophage awaits approval in Australia and New Zealand
Dutch food safety company Micreos looks poised to gain approval for its Listeria-fighting bacteriophage processing aid in Australasia after safety authorities there said they had no concerns about the product.
Review highlights possibilities for healthier processed meat
The meat industry must move towards the production of healthier processed meats by formulating new and innovative products, according to a new review.
Multi-layer emulsions could provide flavour release solutions
Multi-layer emulsions can be used to control the release of flavours and aromas in food and drink products, according to new research from New Zealand.
Kerry Group to acquire Cargill's global flavors business
Ingredients, flavors and consumer foods giant Kerry Group has struck a $230m deal to acquire Cargill's global flavors business.
Rexam highlights ‘medical concerns’ of high caffeine soft drinks
Sales of energy drinks are booming, but a new report from Rexam also highlights growing concerns about high caffeine soft drink use amongst young people, especially in the developing world.
Fonterra recalls cheese products
The New Zealand-based dairy giant Fonterra has announced a recall of its cheese products that are being sold in the Australian market, it said in a statement issued this week.
Singapore pledges $8.2m to Asia rice science for the next five years
Singapore’s National Research Foundation (NRF) has said it will invest $8.2m in a joint research program that aims to ensure food security and future rice demands are met throughout Asia.
Greek yogurt sales surge at General Mills as new capacity comes online
General Mills expects to see a sharp acceleration in Greek yogurt sales this year after bringing on new manufacturing capacity and ratcheting up advertising spend.
5-Hour Energy ramps up from seven to nine million bottles a week
5-Hour Energy is now selling nine million bottles of its energy shots a week compared with seven million last year, a 28% rise in volume, the firm has revealed.
'Record' results see Fonterra secure ingredients for overseas success
Improved performance within Fonterra’s ingredients businesses worldwide has seen the firm announce a record turnover of NZ $19.9bn (€11.6bn) in 2010/11.