Food & Drink

DSM to acquire animal feed firm Twilmij B.V.

September 22, 2017

Royal DSM, a global science-based company active in health, nutrition and materials, announces the acquisition of Twilmij B.V., a well-established Dutch nutritional solutions company in the animal feed sector. DSM’s strategy in Animal Nutrition & Health is to offer tailor-made solutions to its customers leveraging..

Nestle may cut about 70% of French R&D jobs

September 22, 2017

Nestle S.A. said Thursday that it may cut up to 400 of 550 jobs at its Galderma research and development center in southern France. The decision comes during a review of its global operations, a company spokesman said. In late August, Nestle said it would..

4 Pines Brewery bought by Belgian beer giant AB InBev

September 22, 2017

Manly’s famous beer brewery 4 Pines has been bought out by global alcohol giant AB InBev for an undisclosed sum. The new Belgian owners already control a spate of Aussie brands under the Carlton & United Breweries umbrella — including Victoria Bitter, Carlton Draft, Pure..

Jack Link’s targeting European expansion with ‘major UK facility’

September 21, 2017

US meat snack producer Jack Link’s is planning to increase its production capacity with a major new facility in the UK, in order to achieve its aggressive European growth plans. The company, which makes Jack Link’s jerky and Peperami, is the largest beef jerky brand..

Givaudan to acquire nutrition division of Brazil’s Centroflora

September 21, 2017

Flavours and fragrances company Givaudan is acquiring the nutrition division of Brazil’s Centroflora Group. The acquisition forms part of Givaudan’s 2020 strategy to strengthen its global offering of natural extracts and further develop its presence in Brazil. Centroflora’s nutrition division, Centroflora Nutra, manufactures botanical extracts..

Australia’s Murray Goulburn says considering takeover approaches

September 21, 2017

Murray Goulburn Co-operative, Australia’s largest milk processor, said on Thursday it was considering several takeover approaches from suitors interested in acquiring the cooperative as a whole or some of its assets, but it had not received any formal offers. “Murray Goulburn and its financial advisor..

Food and drink companies to standardise date labels by 2020

September 20, 2017

The world’s largest food and beverage companies have pledged to standardise food date labels globally by 2020. With companies using ‘sell by’, ‘use by’, ‘best before’ and ‘display until’ labels to indicate the correct dates for consuming and purchasing foods, consumers have become increasingly confused…

Post Holdings to pay $1.5bn for refrigerated food firm Bob Evans

September 19, 2017

Cereal company Post Holdings has agreed to acquire refrigerated food company Bob Evans Farms for around $1.5 billion. Founded in 1948, Bob Evans produces and distributes a range of refrigerated potato and pasta-based side dishes – including mashed potatoes and macaroni and cheese. It also..

“No deal” Brexit could lead to severe food price hikes, warns BRC

September 19, 2017

As the clock ticks down to March 2019 when the UK officially leaves the European Union, the industry body representing the British retail industry has issued a stark warning that some food prices would seriously spike if negotiations aren’t handled correctly. In fact, more than..

Arla announces exit Of Vice CEO

September 19, 2017

Arla Foods has announced the retirement of Povl Krogsgaard, its Vice CEO and Head of Supply Chain, effective 31 December 2017. Krogsgaard, who has been with Arla for 30 years, has been Vice CEO since 2004.  He will be succeeded by Sami Naffakh, currently Senior..