Ingredion CEO on M&A: “I want us to be bolder and bigger in our thinking”

27 Jul 2018 --- New Ingredion CEO, Jim Zallie is targeting strong growth for his company in specialty ingredients, which will be partly achieved through further acquisitions. M&A activity will almost certainly follow in the form of bolt-ons, but even something more transformational such as a major merger would be considered. “The exciting part about our company is that we have a strong balance sheet,” he says in a detailed exclusive interview with FoodIngredientsFirst. “The opportunity for bolt-on acquisitions would be a sweet spot for us, but equally, if an opportunity to be transformational that was more sizeable opened up, we are willing and interested in doing that as well. We are not narrowly focused, nor afraid of a tremendous opportunity to grow and build our portfolio.”

Weekly Roundup: Hershey beats Q2 expectations, Ruby Kit Kat lands in Ireland

27 Jul 2018 --- Hershey has released its Q2 results this week and reported a profit of US$226.9 million, beating analysts expectations. Meanwhile, Ruby Kit Kat is now available in Ireland as of this week, after the success of its launches in several Asian and European markets. Also this week, Roquette is celebrating the 40th anniversary of its presence in the US and Campden BRI opened a new virology laboratory to support its virus services for a range of foods including ready-to-eat products, fresh produce, bivalve shellfish and pork products.

Mondelēz reports strong revenue growth in Q2 as consumer confidence restores

27 Jul 2018 --- Mondelēz International’s sales are up 2.1 percent to US$6.1 billion in the last quarter. The company behind power brands such as Oreo, belVita biscuits, Cadbury Dairy Milk and Milka chocolate and Trident gum, has been struggling with sales growth in recent times because of a change in preferences, as US and other consumers seek healthier, natural and fresh alternatives to packaged foods.

Icon gets reduced sugar option: Cadbury Dairy Milk with 30 percent less sugar to debut in UK & Ireland

23 Jul 2018 --- A sugar-reduced version of the iconic British chocolate bar Dairy Milk will hit the shelves next year as confectionery giants Cadbury progresses with its initiative to drive down sugar in its products. In a bid to help consumers manage their sugar intake and launched against a backdrop of changing consumer preferences, Cadbury Dairy Milk will be available in a new bar with 30 percent less sugar as from 2019.

The consolidating ingredients sector: Ingredion convergence epitomizes a tightening sector

23 Jul 2018 --- The integration of several portfolios into a single larger ingredient entity was a key theme at the IFT 2018 Food Expo in Chicago last week. The relatively small trade show floor was a reminder of how many previous exhibiting companies have been swallowed up over recent years, in order to be integrated into the likes of DSM (e.g. Martek, Ocean Nutrition Canada and Fortitech), Kerry (e.g. Ganeden, Red Arrow and Biothera), ADM (Wild Flavors) and IFF (Ottens Flavors and David Michael). Naturex (currently being acquired by Givaudan) could be the next to disappear from a show floor, amid a consolidating ingredients world, where questions must soon be raised about a growing lack of competition and diversity in ultimate holding companies. 

Sensient execs on Mazza buy: “We want to take everything out of the botanical”

20 Jul 2018 --- Sensient is eyeing the newly acquired botanical extraction company Mazza Innovation as a strategic pillar for all of its business operations, including colors and flavors. Presented under the new name of “Sensient Natural Extraction” and continuing to operate out of Canada, the new business unit provides a clean extraction opportunity for Sensient Technologies Corp. The acquisition will offer opportunities in sustainability, cost reduction and clean label, as the entire botanical being used can be broken down and distributed among the diverse companies that comprise Sensient.

Carrageenan potential: Cargill expands sustainable texturizing offerings for dairy desserts

10 Jul 2018 --- Cargill has launched Satiagel Seabrid, a new type of carrageenan extract, based on 100 percent cultivated seaweed, which allows dairy manufacturers to achieve a premium texture, for creamy dairy desserts. This launch follows the 2017 debut of Cargill’s Seabrid solution for gelled dairy desserts. It enables a reliable supply of sustainably sourced ingredients while also delivering the texture preferred by consumers. 

World Chocolate Day: Despite health concerns, chocolate popularity still strong in NPD

07 Jul 2018 ---  Today marks World Chocolate Day 2018 and July 7 is dedicated to all things cocoa-based. Despite concerns about health and obesity, chocolate remains a popular treat worldwide. World Chocolate Day supposedly marks the day when chocolate was first brought to Europe in 1550 and has been observed since 2009 globally. However, there has been a slight shift in consumer tastes. The focus on obesity and the health agenda has made many consumers transfer allegiance to lower sugar and fat confectionery products. However, to ensure chocolate is still a firm favorite for many years to come, confectionery manufacturers have been working hard to offer healthier versions of existing products, as well as new innovations.

Virtual beverage lab: Ingredion expands Idea Labs platform

28 Jun 2018 --- Ingredion has introduced a virtual lab called Inside Idea Labs, an interactive online portal which serves as an extension of the global network of Ingredion Idea Labs innovation centers. According to Ingredion, the virtual lab is equipped with resources and content developed by the same experts who partner with customers at the company’s brick-and-mortar labs around the world.

Weekly Digest: Nestlé Waters and WWE partner on water campaign, Tate & Lyle plant awarded for energy efficiency

01 Jun 2018 ---  This week in business, Nestlé Waters North America and WWE announced a joint campaign that encourages consumers to live a healthy lifestyle and “choose water.” In the same week, Nestlé also announced changes that will further strengthen its R&D operations and take Nestlé’s research work to a new level. Meanwhile, SVZ International was named best performer in the food and beverage sector in Ecovadis’s 2018 Sustainability Leadership awards for the second consecutive year. Tate & Lyle announced that its wet corn mill in Lafayette, Indiana, earned an ENERGY STAR certification by the US Environmental Protection Agency in recognition of its superior energy efficiency performance. Also this week, Ajinomoto is set to open a Client Innovation Center in Japan and US Secretary of Agriculture has announced that the Trump Administration has requested that the World Trade Organization establish a dispute settlement panel to examine regulations governing the sale of wine in the Canadian province of British Columbia (BC).

French calls to ban titanium dioxide intensify, minister praises agile confectioners’ voluntary removal

24 May 2018 --- The French government has highlighted the good practices of food companies that remove titanium dioxide from their recipes as the country debates banning its use by the end of this year. On a recent visit to France, Verquin Confiseur, the French Secretary of State to the Minister for the Ecological and Inclusive Transition, Brune Poirson, praised the efforts of manufacturers for voluntarily removing the food additive.

IFF CEO on Frutarom buy: Access to a broader middle market minimizes supplier exposure

22 May 2018 --- Andreas Fibig, CEO of International Flavors & Fragrances (IFF), has identified the broad base of small and medium-sized customers as a key benefit in acquiring Frutarom in a “transformational move” for the company. A base of 30,000 customers from the legacy Frutarom business compared to just 3,000 for the much larger New York-headquartered company, could provide an opportunity to replicate IFF’s Tastepoint model that has proved to be successful in meeting the needs of small and medium businesses in the US since its inception last summer.

Standing out from the crowd (Part 1): Natural colors take the spotlight

01 May 2018 --- When it comes to buying food and beverages appealing natural colors, consumers often associate vibrant colors with freshness, quality and taste. In a world consumed by social media, consumers also place high value on colorful food to make their Instagram and Facebook feeds attractive. At the same time, the focus now is on healthy eating, natural ingredients and no artificial colors or additives. Natural colors have been making waves in the industry for some time, unicorn themed cupcakes, green smoothies and purple gummies are just the beginning.

Hershey Q1 earnings beat expectations, bolstered by Amplify deal

27 Apr 2018 --- Sales at US confectionery giant, The Hershey Company, have been given a boost following the acquisition of Amplify Snack Brands, the company behind SkinnyPop popcorn, while growth is being driven by the company’s core chocolate brands.

Azelis and CP Kelco enter Indonesian distribution partnership

03 Apr 2018 --- Azelis has announced a distribution partnership with CP Kelco to offer their carrageenan, pectin, gellan gum and xanthan gum products for the Food Segment in Indonesia. Active from April 1, 2018, the partnership builds upon existing agreements between the two companies in Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC).

Keventers Unveils Kids Special Menu For Mother's Day

15 Mar 2018 ---  Dubai, UAE, March 15, 2018: Time and again, mothers across the globe have faced problems in feeding their children with milk. Whether milk is served in its basic form, or infused with some delicious flavours, it is indeed a vital source of calcium, protein, carbohydrates, vitamins and other minerals.

A mango advance? Esarom predicts huge market potential for flavor in 2018

06 Mar 2018 --- Mango is one of the most popular tropical fruits and is enjoyed all over the world in many different countries and cultures. This notion has led Esarom to believe that 2018 is the year of the mango.

TIC Gums eyes optimization with new Simplistica Ingredient Systems

28 Feb 2018 --- TIC Gums, an Ingredion company, is set to introduce the Simplistica line of ingredient systems at Engredea 2018, which will include optimized solutions from TIC Gums and Ingredion, including hydrocolloids, starches, plant proteins and sweeteners.

Plant powered start-up: Perfect Day gains patent and funding for animal-free proteins

27 Feb 2018 --- Perfect Day is a start-up specializing in the production of environmentally friendly and nutritious sources of protein – without the use of animals. The Silicon Valley-based innovator is collaborating with food companies and food investors to bring its proteins to market and has raised US$24.7 million in funding and received its first patent for the use of animal-free dairy proteins in food applications. 

Naughty but nice: Confectionery innovation hits the sweet spot

06 Feb 2018 --- Valentine’s Day is fast approaching, a traditional time of the year when sweets, chocolate and other confectionery snacks are given as gifts by romantic souls the world over. It may be a cliché, but presenting something sweet as a sign of love is as popular as ever – and these days the act of giving is not confined to romantic partners, some of the big companies promote confectionery specifically to be given as platonic “love gifts” to friends, parents, neighbors, colleagues, teachers and anyone else who needs a bit of love in their life.

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