Business
FrieslandCampina Relaunches Global Ingredients Company
FrieslandCampina Ingredients, one of the leading global ingredient manufacturers, introduces its new global segment organization which incorporates its four individual operating companies DOMO, Kievit, DMV and Nutrifeed. FrieslandCampina…
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NGOs Ask EC to Ban Titanium Dioxide
A nine-strong grouping of health, consumer and environmental organizations have written to European Commission Vice-President, Jyrki Katainen, demanding an EU ban for the food additive titanium dioxide (E 171).
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Kellogg’s Earnings Drop with 36.5% in the First Quarter of 2019
Higher input costs and effective tax rate contributed to lower earnings, Kellogg Company mentions in its First Quarter 2019 Results report. The earning dropped 36.5%, recording an USD282m net income and revenue of USD3.52bn.
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AAK Increases Its Shares in Indian Joint Venture
AAK has acquired an additional 12.14% of the shares of AAK Kamani, the joint venture between AAK and Kamani Oil Industries Pvt Ltd. that was formed in September 2015. AAK now owns 63.92% of AAK Kamani. The remaining 36.08% of the shares is…
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ADM Completes the Acquisition of Ziegler Group
Archer Daniels Midland Company has completed its acquisition of the Ziegler Group, a European industry leader in natural citrus solutions. The addition, combined with ADM’s recent acquisition of US citrus flavor innovator Florida Chemical…
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Ingredion and Grupo Bimbo Invest in Animal-free Ingredient Producer
Clara Foods has announced its Series B financing, led by global ingredient solutions leader Ingredion and Mexican bakery manufacturer Grupo Bimbo. Clara Foods is the market leader in engineering, manufacturing and formulating animal-free…
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Post Holding Acquires Cereal Business from TreeHouse Foods
Post Holdings, a consumer packaged goods holding company, has agreed to acquire the private label ready-to-eat (“RTE”) cereal business of TreeHouse Foods. The TreeHouse RTE cereal business is a leading private label RTE cereal manufacturer…
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ADM Stops Production at Two Mills in the USA
American agribusiness Archer Daniels Midland (ADM) plans to halt production at two of its flour mills in the U.S. as the company prepares to open its new flour mill in Mendota, Illinois, later this year, the firm announced in a press…
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Kraft Heinz Appoints New CEO
The Kraft Heinz Company announced that the Company’s Board of Directors has appointed Miguel Patricio as Chief Executive Officer effective July 1, 2019. Mr. Patricio will succeed Bernardo Hees, who will remain CEO through June 30, 2019, to…
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Gibble’s Foods Celebrates 60 Years
Gibble’s Foods announced that this year will be the company's 60 years anniversary. Gibble’s has been producing quality snack products since 1959 when the Gibble’s family had a stand in a local farmer’s market selling various goods and…
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Lanthier Bakery Receives Government Funding
Lanthier Bakery, a Canadian manufacturer of brioche dough products, will receive a repayable contribution of USD2m from Canada Economic Development for Quebec Regions. With this financial assistance, the business will be able to expand and…
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Bühler Aeroglide Appoints New CEO
Bühler Aeroglide, a global leader in thermal process engineering and technology for food, feed, and industrial materials, has announced the appointment of Andreas Kratzer, PhD, as new president and CEO, effective April 1, 2019. Most…
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St Pierre Groupe Wins Queen’s Award for Enterprise for International Trade
St Pierre Groupe, which recently rebranded from Carrs Foods - the international branded bakery business has won the Queen’s Award for Enterprise in International Trade. The UK's accolade for business success in export, awarded St Pierre…
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Olam International to Acquire Nigerian Flour Supplier
Global food and agri-business Olam International has submitted a binding offer to acquire 100% equity ownership of Dangote Flour Mills Plc, a leading flour and pasta manufacturer in Nigeria, for an enterprise value of NGN130bn (approx.…
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Barry Callebaut to Build First Chocolate Factory in Southeastern Europe
The Barry Callebaut Group has signed a memorandum of understanding with the Government of Serbia and the City of Novi Sad to construct its first chocolate factory in Southeastern Europe. The facility will be located in Novi Sad, Serbia,…
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Mondelēz International Invests in Healthy Snacks Company
Mondelēz International has announced it made a minority investment in Hu Master Holdings, the parent company of both Hu Products and Hu Kitchen, a fast-growing US-based snacking company offering minimally processed, high-quality snacks.
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AIB International UK Joins Federation of Bakers
The Federation of Bakers welcomes a new associate member, AIB International UK, a company that provides training, consultation, and support including a wide range of bakery and food safety services. AIB International was founded in America…
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Julien Piveteau Wins Young Pastry Chef of the Year
London Hilton on Park Lane announces Julien Piveteau has been named Young Pastry Chef of the Year 2019, winning the David Lyell Scholarship. Piveteau is a 21-year-old, a demi chef de Partie at the London Hilton on Park Lane. He presented a…
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