(Reuters) – The European Commission said on Tuesday that it had approved the acquisition of Belgian vegetable oil distributor AOR NV by U.S. grain trader Archer Daniel Midland (ADM) (ADM.N).
The Commission, which rules on antitrust issues in the European Union, said in a statement that it had concluded that the proposed takeover did not raise competition concerns because it did not have a huge impact on market share and because there were a number of strong players in a market with overcapacity.
Chicago-based ADM did not disclose the cost of the purchase, an acquisition aimed at expanding into higher-margin products including food-grade oils and food ingredients.
The AOR acquisition, subject to regulatory approvals, will expand ADM’s reach in Europe, particularly Belgium, the Netherlands and Luxembourg, and in export markets via AOR’s facility at the Port of Antwerp.
(Reporting By Philip Blenkinsop)
Environmental sustainability and net-zero emissions targets are the key change drivers in dairy packaging and processing right now, according to Bengt Eliasson, category manager for dairy ambient at Tetra Pak. In this wide-ranging interview with PackagingInsights, Eliasson discusses the Swedish-Swiss food packaging and processing giant’s latest low-carbon circular packaging and processing equipment technologies.
A panel of industry experts selected Chr. Hansen’s FreshQ concept at this year’s Fi Europe Innovation Awards in Frankfurt, Germany. The Food Tech Innovation Award was presented to the company’s range of next-generation food cultures, which are pegged as a “game-changer in terms of low impact on post-acidification” in fermented dairy.
In a move to scale cage-free egg regulations to market behest, the China Chain Store and Franchise Association (CCFA) and the China Animal Health and Food Safety Alliance (CAFA) have set a formal standard to define which eggs and egg products are to be marketed as cage-free.