(Reuters) – Swiss flavors and fragrances group Givaudan (GIVN.VX) said on Monday it would buy Induchem Holding AG, in a move to strengthen its active cosmetic business.
It did not give any financial details of the deal.
Givaudan said Induchem, which employs 65 staff and operates primarily from Switzerland, France and New York, would have represented around 25 million Swiss francs ($26.1 million) in additional sales in 2014 on a pro forma basis.
(Reporting by Michael Shields; Editing by Anand Basu)
Danone has appointed three deputy CEOs to “better connect categories and regions” and drive the delivery of its ‘Renew Danone’ strategy. The new appointees are Veronique Penchienati-Bosetta, Shane Grant and Juergen Esser. They will report to Danone CEO Antoine de Saint-Affrique.
PepsiCo Portugal has announced that it will invest €7.5 million to construct a new biodigester, which will turn organic waste into biogas. As well as helping its Carregado facility to achieve a 30% reduction in carbon emissions, the biodigester will also contribute to reducing gas consumption, allowing the installation to use the biogas produced during the anaerobic digestion process.
Kerry is sponsoring The Kerry Upcycled Food Foundation Fellowship in a new partnership with the Upcycled Food Foundation (UFF), the non-profit subsidiary of the Upcycled Food Association (UFA). The research fellowship is the second initiated by the UFF and will work toward advancing the understanding of the market, consumer perception and technical opportunities of upcycled food.
