Food & Drink

Litehouse snags Sky Valley Foods

May 27, 2019

Litehouse, Inc., a 100% employee-owned manufacturer of refrigerated salad dressings, dips and cheeses, has entered into an agreement to acquire Sky Valley Foods, effective June 1. Sky Valley produces organic shelf-stable dressings, condiments, marinades and sauces under the Organicville and Sky Valley brands. Financial terms..

Suedzucker says it will not sell French sugar sites, rejecting farmer plan

May 24, 2019

German sugar group Suedzucker said on Thursday it will not sell two of its French sites where it wants to end production, rejecting a buyout plan from French farmers. Suedzucker, the European Union’s largest sugar refiner, wants to halt production next year at two factories..

Nestlé and Fonterra mull sale of stakes in Dairy Partners Americas Brasil JV

May 24, 2019

Nestlé and New Zealand-based dairy producer Fonterra Co-operative Group Ltd. are reviewing strategic options for the future ownership of their Dairy Partners Americas (DPA) Brasil joint venture, including a potential sale of their respective stakes. Nestlé holds a 49 percent stake, while Fonterra owns 51..

U.S. organic sales exceeded $50 billion for the first time in 2018

May 23, 2019

Organic sales approached $52.5 billion in 2018, marking the first time the category exceeded $50 billion, according to the Organic Trade Association’s 2019 Organic Industry Survey. Not all of that was food, but most of it was. Organic food sales grew 5.9%, reaching almost $47.9..

Japanese food delivery company to acquire Purple Carrot

May 23, 2019

Oisix ra Daichi Inc., Japan’s largest meal kit and organic food delivery service, has agreed to acquire plant-based meal kit company Purple Carrot. Terms of the transaction include an upfront payment of $12.8 million, with an earn-out potential of an additional $17.2 million through 2021,..

“Private label brands are at the forefront of innovation,” claims Symrise exec

May 22, 2019

Private label brands are at the forefront of innovation and diversification, with retailers able to explore interesting concepts and get them onto their shelves in a short time frame. This is according to Alexander Lichter, VP Sales EMEA at flavors supplier Symrise, which is exhibiting..

Kellogg details plans for European operations makeover

May 22, 2019

The Kellogg Co. earlier this month announced a proposed reorganization plan for its European business designed to “simplify the organization, increase organizational efficiency and enhance key processes.” Kellogg expects the project to result in cumulative pre-tax charges of approximately $50 million. Cash costs are expected..

Emerging opportunities in food packaging

May 21, 2019

Consumer trends in the food industry are often a driver for changes like new product lines and reformulations. But according to two recent reports, revamping packaging has a lot of promise for pleasing customers. And the benefits aren’t just for those buyers — there are..

Givaudan acquires Vietnamese flavours firm Golden Frog

May 21, 2019

Givaudan has agreed to acquire Vietnamese flavours firm Golden Frog for an undisclosed sum, as the company seeks to strengthen its presence in the Asia Pacific market. Ho Chi Minh City-based Golden Frog manufactures a wide range of natural flavours, extracts and essential oils for..

Turning sour? US-EU “trade war” will bring dairy winners and losers, claims Rabobank report

May 20, 2019

The makings of a “trade war” between the US and the EU are brewing after the Office of the United States Trade Representative (USTR) announced it is considering levying additional tariffs on European products, including dairy, valued at approximately US$21 billion. While butter, cheese and..