Labeling horizons: PHO eradication, GMO delays, Post-Brexit potential

22 May 2018 --- In an ever-changing regulatory environment, it can be extremely difficult for suppliers and food manufacturers to keep up with the challenges of what can and can’t go on the label. In both the US and UK there are a number of labeling issues of concern right now. These include the impact that Brexit will have on food and beverage labels once Britain pulls out of the EU officially next March, to GMO labeling delays in the US, as well as America’s final determination regarding Partially Hydrogenated Oils (PHOs), i.e., removing trans fat from the supply chain.

KP Snacks snaps up Tyrells from Hershey

22 May 2018 --- KP Snacks, a subsidiary of the Intersnack Group has reached an agreement to acquire Tyrrells, Inc. and its global portfolio of better-for-you, premium snack brands from The Hershey Company and its subsidiaries.

Dairy groups applaud defeat of raw milk amendment

21 May 2018 --- Opposition from a strong coalition of dairy farmers, processors, consumer groups, food safety advocates, federal and state public health regulators, the medical community and other key stakeholders has led to the defeat of an amendment to the 2018 House Farm Bill that would have allowed the interstate sale of unpasteurized milk in the US.

Campbell Soup CEO retires as company sales fall flat

21 May 2018 --- Campbell Soup has announced that its CEO Denise Morrison is retiring immediately and be replaced by board member Keith McLoughlin as interim CEO. It came as shares in Campbell Soup, which recently acquired the Snyder's-Lance snack company, were down 11 percent at US$34.85 in early trading and the company reported a loss of $393 million on sales of $2.13 billion, or US$1.31 per share, in the quarter ended April 29, compared with a profit a year ago. This was mainly due to a US$647 million charge for its Campbell Fresh division, which is now being reviewed.

Weekly Digest: Kemin launches solution for shelf-life extension, 2 Sisters appoints new CEO

18 May 2018 --- This week in business, Kemin launched a new plant extract solution found to provide a shelf-life extension in salad dressings and sauces and Lurpak announced its plans to bring of Lurpak Softest to the market, a new soft blend butter that is spreadable straight from the fridge. Meanwhile, 2 Sisters has appointed Ronald Kers as its new Chief Executive Officer, officially joining on June 1 and the Chairman of Arla Foods amba, declared that he has agreed on the sale of his dairy farm in Ösarp, Sweden. Also, the Brewers of Europe welcomes the decision by the European Court of Justice clarifying the Degrees Plato calculation, a scale widely used to determine excise duty rates for beer.

Valio China establishes new business units for a growing market

18 May 2018 --- Finnish dairy company, Valio has held an unveiling ceremony for its China head office in Shanghai. The newly established head office will focus on serving the growing Chinese market. Besides the Ingredient business units, Valio China has also established the new business units of Retail and Food Service. By carrying on the century-honored Finnish heritage in innovation and high quality, Valio China will stand side-by-side with Chinese consumers to create a better life together.

Convenience factor (Part 2): Plant-based opportunities for easy eating occasions

17 May 2018 --- Health-minded consumers have been particularly keen to embrace a vegan way of life and therefore inspire product development in the prepared meals space. The trend has not gone unnoticed in the UK on the retailer front, the number of those cutting back on animal products and following a plant-based diet is set to increase by 10 percent this year, according to Tesco.

Azelis bolsters position in Nordic market by snapping up Ingredi

17 May 2018 --- Specialty chemicals and food ingredients distributor Azelis is strengthening its position in the Nordic food market with the acquisition of premium ingredient supplier Sweden-based Ingredi AB. Coming off the back of marking its entry in the South Korean market with the recent acquisition of the distributor of personal care ingredients SammiChem Co, Azelis has now signed another agreement – this time to acquire Ingredi AB, which is effective immediately.

Major milestone: Kalsec receives rating for sustainably sourced US crops

17 May 2018 --- As a first milestone since joining the SAI (Sustainable Agriculture Initiative) Platform in 2017, Kalsec has worked with its US growers to implement SAI Platform’s FSA 2.0 tool (Farm Sustainability Assessment). The FSA 2.0 tool evaluates sustainable farming practices covering environmental, economic and social aspects and is a widely recognized assessment in the food and beverage industry.

Convenience factor (Part 1): Authenticity & salt reduction drives prepared meal innovation

15 May 2018 --- The demand for healthy and nutritious food is paving the way for innovation across many food sectors. One particular food sector that is flourishing when it comes to innovative NPD is ready meals and convenience foods. The authenticity of ready meals that are easy to cook, in a world where consumers’ lives are fast-paced, is also driving innovation in this area.

Givaudan completes acquisition of Nutrition Division of Centroflora

15 May 2018 --- Givaudan has announced it has completed the acquisition of the Nutrition Division of Centroflora Group (Centroflora Nutra), a world player in natural extracts.

Kraft Heinz reports lackluster Q1 sales

15 May 2018 --- Kraft Heinz has reported its first-quarter 2018 results which show net sales dropped 0.3 percent to US$6.3bn in the three months to the end of March, while organic net sales fell 1.5 percent overall.

Prolupin’s new financing to boost plant-based growth

14 May 2018 --- Plant-based protein company Prolupin has announced the first closing of a double-digit growth financing round which will enable the German-based company to reach profitability.

Olam reports Q1 profit growth but confectionery & beverage revenue drops 10.5 percent

14 May 2018 --- Commodities trader Olam International says its first-quarter results 2018 were strong with PATMI (Profit After Tax and Minority Interest) increasing 9.8 percent year-on-year to S$157.9 million (Q1 2017: S$143.9 million) on reduced net finance costs and lower taxation.

Going global: Beyond Meat set to launch product in 50 countries

11 May 2018 --- California-based food company Beyond Meat has announced its plans for global expansion, starting this summer. Since launching in California in 2016, the firm has sold over 13 million plant-based patties, which can be bought in 15,000 outlets across America.

Weekly Digest: Unilever celebrates sustainable living brands, Carlsberg launches alcohol-free beer

11 May 2018 --- This week in business, Unilever revealed its fourth consecutive year of growth for its ‘sustainable living’ brands and Nestlé Waters invested CHF 25 million (US$24.9 million) modernization of its bottling site at Henniez, Switzerland. Meanwhile, Solina has announced the completion of the acquisition of Essential Cuisine Limited. Univar has appointed David Jukes as the Company's president and CEO and Chr. Hansen has agreed with Klaus Bjerrum to take up the position as Executive Vice President of Natural Colors Division. Brewing giant Carlsberg launched a new alcohol-free beer brand Birell, as a response to increasing consumer demand in the category and both ADM and Kemin Nutrisurance are expanding in pet health and nutrition.

Vying for the top spot: IFF’s takeover of Frutarom shakes up flavors industry

09 May 2018 --- As the dust settles on the International Flavors & Fragrances (IFF) and Frutarom US$7.1bn deal, all eyes are on the flavors and fragrances industry as the takeover is expected to shake up the sector when the company goes up against current market leader Givaudan.

DSM reports temporary vitamin price benefit in Q1, raises 2018 outlook

09 May 2018 --- Dutch-based Royal DSM this week issued its full Q1 2018 results, which are in line with the previously announced preliminary figures for Q1 2018 on 12 April 2018. Highlights include continued strong organic sales growth in underlying business estimated at 11 percent, additional temporary vitamin price benefit estimated at €165 million (US$195.3 million) on Adjusted EBITDA and total Adjusted EBITDA up 56 percent and Net profit up 122 percent to €331 million (US$391.8 million).

Nestlé and Starbucks form “global coffee alliance” in US$7.15bn distribution deal

08 May 2018 --- Nestlé has agreed to pay Starbucks US$7.15 billion in a distribution deal that sees two of the most iconic coffee brands join forces to form a “global coffee alliance.” The world’s largest food and beverage company has entered into an agreement for the global license of Starbucks consumer and foodservice products allowing it to market them outside of the company’s coffee shops.

Symrise reports strong organic growth of 7.5 percent in Q1

08 May 2018 --- Symrise AG remains on track for strong growth in the fiscal year 2018 and achieved a healthy 7.5 percent organic increase in sales in Q1. Taking into account portfolio and exchange rate effects, sales in the first quarter were up 1.5 percent to €776.9 million (US$925.4 million) (Q1 2017: €765.2 million (US$911 million)). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to €155.8 million (US$185.5 million). Due to negative currency effects and higher raw material costs, the EBITDA came in lower than in the prior-year period (Q1 2017: €165.5 million (US$197 million)). The EBITDA margin reached 20.1 percent and was within the medium-term target corridor of 19–22 percent.

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