Business
Fabcon Wins International Award for Expansion
UK-based Fabcon Food Systems has won the regional International Expansion of the Year category at the Barclays Entrepreneurs Awards. The business has built a large network of global customers since it was founded in 2015 – with Fabcon Food…
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Ammeraal Beltech and Megadyne Announce New Group Name
The belting technology suppliers – Ammeraal Beltech and Megadyne Group – who came together in a merger in September of this year - have announced a new corporate name for their joint operations: AMMEGA. The integration of these two…
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Omega-3 fatty acid No Longer Considered Effective in Preventing Heart Disease
The European Medicines Agency (EMA) has concluded that omega-3 fatty acid medicines are not effective in preventing further heart and blood vessels problems in patients who have had a heart attack. The conclusion, based on a review...
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Nestlé Closes Two German Plants and Cuts about 380 Jobs
Swiss food giant Nestlé is cutting around 380 jobs in Germany by closing two locations and reducing the workforce at two others as it reacts to lower demand and shifts some production elsewhere, the company said, according to Reuters.
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Kerry Acquires Two American Companies for EUR325m
Ireland-headquartered Kerry has reached an agreement to buy Ariake USA, the North American business of Ariake Japan Co, and Southeastern Mills’ North American coatings and seasonings business. The two US businesses will be acquired for a…
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Sean Walker to Lead General Mills Asia & Latin America
General Mills announced that Sean Walker has been named group president of General Mills’ Asia & Latin America segment effective February 1, 2019. Walker will report to Jeff Harmening, chairman and chief executive officer, and will join…
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Nestlé Creates Research Institute for Packaging to Accelerate Sustainability Agenda
Nestlé has announced the creation of the Nestlé Institute of Packaging Sciences, dedicated to the discovery and development of functional, safe and environmentally friendly packaging solutions. The company has previously announced its…
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Europastry Acquired Confeitaria Torres
Europastry has acquired Confeitaria Torres, a bakery that specializes in fresh and deep-frozen bakery and pastry products. Financial terms of the transaction were not disclosed. Founded in 1968, Confeitaria Torres is based in Trofa,…
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Matsutani Partners with Ingredion to Produce Sugar Replacer in Americas
Ingredion Incorporated has announced new partnership with Matsutani Chemical Industry Co., Ltd, which will manufacture ASTRAEA Allulose in Mexico and market it across the Americas. Available in 2019, the sugar replacer will enable food and…
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Papa John’s Introduces New Rewards Program
Papa John’s International announced a new Papa Rewards program that rewards points five times faster than before. Points earned turn into the gold standard of pizza rewards currency: Papa Dough, which can be redeemed towards...
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Ingredion Opens Idea Labs in Kenya
Ingredion has launched a new Idea Lab innovation center in Nairobi, Kenya, bringing the total number of centers across the globe to 28. This is the first Ingredion Idea Lab to open in the region, delivering technical support and culinary…
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Kerry to Partner with Renaissance BioScience
Kerry, the taste and nutrition company, has signed a license agreement with Renaissance BioScience Corp to supply Renaissance’s Acryleast, a non-GMO acrylamide-reducing yeast enzyme, to food and beverage manufacturers. Acryleast is a…
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Firmament Group to Invest in Global Bakeries
The Firmament Group, a provider of tailored debt and equity capital solutions to small- and medium-sized enterprises (SMEs), announces an investment in Global Bakeries, a 40-year-old specialty baked goods manufacturer. Headquartered in…
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Mondelēz International Expands Its Global Technical Center in Poland
Only 1.5 years after the center was opened, the company invested a further USD5m, in addition to the initial USD17m investment, to expand the research and development activities beyond Chocolate and Bakery and serve Gum and Candy…
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Cargill Sets 2022 Roadmap for Ghana
Cargill’s cocoa and chocolate business sets new 2022 roadmap for Ghana, on the occasion of the 10th anniversary of its presence in this country. Cargill’s 2022 roadmap for Ghana includes: 80,000 farmers receiving capacity building…
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Roquette Reconfirms Barentz as Distribution Partner for Food in Europe
Roquette, a global manufacturer of plant-based ingredients, has reconfirmed Barentz as the preferred distribution partner for the Roquette food product range in Europe. Having worked together in food and nutrition markets for many years,…
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GEA Celebrates 125 Years of Activity
The story of GEA started in 1893, when the businessman Franz Ramesohl and the cabinetmaker Franz Schmidt in Oelde, Westphalia, opened a workshop in 1893 and produced a hand-operated milk centrifuge with the model name "Westfalia".
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Barry Callebaut to Supply Chocolate for Biscuit Manufacturer in Indonesia
Garudafood, one of the largest food and beverage companies in Indonesia, and the Barry Callebaut Group have announced an additional agreement for the long-term supply of another 7,000 tons of compound chocolate per year to Garudafood’s…
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