Food & Drink

How will the USDA’s ruling on GMO labelling affect US food?

March 22, 2019

The US Department of Agriculture (USDA) has ruled that GMOs in US products must be disclosed, forcing food manufacturers to be more transparent about which of their ingredients are bioengineered. This has been established in order to gain a mandatory, uniform standard of disclosure of..

2 Sisters to axe 250 jobs at Fox’s Biscuits

March 21, 2019

Hundreds of jobs are at risk at Fox’s Biscuits’ Uttoxeter site in East Staffordshire, after the manufacturer announced plans to reduce the 700-strong workforce at the loss-making site. By James Ridler > Read the full story on the Food Manufacture website Source: Food Manufacture

Fonterra returns to profitability, plans to sell stake in DFE Pharma

March 21, 2019

Fonterra recorded net profit after tax of NZD 80 million ($54.7 million) in the six months to 31 January, following its first ever annual loss last year. Revenue dropped 1% to NZD 9.7 billion ($6.63 billion), as the company’s Australia ingredients business was impacted by..

AB InBev CEO Carlos Brito remains optimistic despite market challenges

March 21, 2019

Anheuser-Busch InBev (AB InBev) was formed as the result of one major merger after another: in 1999, mid-sized Brazilian brewer Brahma acquired local rival Antarctica to form Companhia de Bebidas das Américas (AmBev). Then, in 2004, the company rebranded as InBev after it merged with..

More leadership changes afoot at B&G Foods

March 20, 2019

William F. Herbes, executive vice-president of operations at B&G Foods, Inc., plans to retire at the end of the year after 10 years with the company. His departure represents yet another change in the company’s leadership team. In April, longtime leader Robert C. Cantwell is..

Kroger sells Turkey Hill business to private equity firm Peak Rock

March 20, 2019

Kroger has secured a deal to sell its Turkey Hill business to an affiliate of private equity firm Peak Rock Capital. The announcement comes seven months after the US retailer said it would explore strategic options for the unit, including a potential sale. Turkey Hill..

FrieslandCampina weighs up new dairy facility in the Netherlands

March 15, 2019

FrieslandCampina is exploring options to build a new dairy processing facility in the Netherlands to meet increased demand for its products. The proposed plant would process milk into fresh dairy products, ingredients used for the production of early life and adult nutrition, and for cheese..

IFF acquires majority stake in ice-cream ingredients maker

March 14, 2019

IFF says its’ Frutarom division has acquired a 70% stake in Leagel S.rl. (San Marino), a maker of ice cream and gelato ingredients in the European market. The company is family-owned and produces taste, texture and toppings that are sold to ice cream and gelato..

Tereos makes changes at top as it faces EU sugar market shake-up

March 14, 2019

French sugar group Tereos, which is forecasting falling profit this year due to an industry-wide slump, said on Wednesday it had reshuffled its management team, including the hiring of a new chief financial officer. A surge in output after the European Union abolished production quotas..

2 Sisters offloads its Green Isle Brands frozen food business

March 13, 2019

2 Sisters Food Group has offloaded its Green Isle Brands frozen food business to a consortium of investors led by the Ireland Strategic Investment Fund (ISIF) and backed by the former chief executive of Largo Foods, Maurice Hickey. Green Isle Brands operates the Donegal Catch..