IFF says it has acquired The Additive Advantage, a manufacturing and licensing firm focused on delivery systems of microencapsulation and active ingredients. Financial details of the deal, including purchase price, were not disclosed.
TAA’s customers are mainly in the food, beverage, pharma, animal health and cosmetics industries. The company’s proprietary technology allows for the “printing” of active ingredients onto consumer products in these areas.
By Vincent Valk
Source: Chemical Week
Danone has appointed Carla Hilhorst to the newly created position of senior vice president of research and innovation categories and zones, as the company looks to make science the heart of its business. Hilhorst, who brings over 30 years of experience in research and innovation, will report directly to Isabelle Esser, Danone’s chief research, innovation, quality and food safety officer.
The move, part of Pernod Ricard’s strategy to enhance its premiumisation efforts, will allow the company to focus more resources on its portfolio of premium international spirits and champagne brands that drive the growth of its business. This decision aligns with the company’s commitment to delivering sustainable value for shareholders, employees, clients and partners.
Schai – who is the current CEO of Swiss chocolate company Lindt & Sprüngli’s Australian operation – has previously worked with Aryzta from 2015-2018, where he served in roles including managing director for Asia Pacific and global strategic business lead (McDonald’s). The fast-food giant McDonald’s is one of Aryzta’s significant clients.