Business News

Firmenich tips fig as “flavor of the year” for 2018

11 Dec 2017 --- Firmenich has named fig as “Flavor of the Year” for 2018 based on the growing appeal for this healthy and fruity flavor worldwide. “With its numerous health benefits and sweet and satisfying flavor profile, fig offers endless opportunities to inspire our customers and delight their consumers across a wide range of food categories,” says Chris Millington, President of Firmenich, Flavors.

Brexit breakthrough declared: No “hard border” in Ireland

08 Dec 2017 --- After months of negotiations and what looked like a continuing impasse, finally the UK government and EU have declared a “Brexit breakthrough” having reached a last-minute deal on key points, including the fact there will be no “hard border” in Ireland. For food and beverage industries, the Northern Ireland border is one of the key points that could impact trade and so companies have been closely monitoring Brexit talks for months, hoping that a “hard border” will be avoided. 

Cider maker takes 47 percent stake in Admiral Taverns

07 Dec 2017 --- Cider maker C&C has completed the deal to invest in UK pub group Admiral Taverns. The makers of Magners, C&C confirmed to FoodIngredientsFirst that is has completed on the deal that, at the time of the initial announcement, was said to be worth approximately £37 million (US$49.5 million). 

Gelita CEO: Clean label and collagen among clear pathways for differentiation

07 Dec 2017 --- The clean label trend continues to accelerate, with growing consumer demand for simpler products that contain ingredients with a strong tradition. With this market background, Gelita is looking to highlight its gelatin products on a clean and clear platform, with simplicity being a key strategy. Last week at FiE 2017, FoodIngredientsFirst spoke exclusively to CEO, Dr. Franz Josef Konert on the state of the market and the company’s business strategy for 2018.

Barry Callebaut publishes first-ever Forever Chocolate progress report

07 Dec 2017 --- Barry Callebaut has published the first Forever Chocolate progress report. It details both the progress as well as the learnings of the journey kicked off a year ago when Barry Callebaut launched its new sustainability strategy “Forever Chocolate” with the ambition of moving sustainable chocolate from niche to norm by 2025. The plan is based on four ambitious targets to be achieved by 2025 that address the largest sustainability challenges in the chocolate supply chain.

Ingredion switches up leadership with new appointments

05 Dec 2017 --- Ingredion has announced that its board of directors has unanimously approved changes to the company's executive leadership team to fill vacancies created by the promotion of Jim Zallie to president and CEO on January 1, 2018. Zallie is currently executive vice president, global specialties and president, Americas.

FiE 2017: Javelin world champion calls for more natural nutrition options

05 Dec 2017 --- Elite athletes are calling for the development of natural sports nutrition solutions, where they can eat less and keep more of the benefits that are in the food inside. This was a key learning from an interview with Germany’s javelin world champion and European Men’s Athlete of the Year 2017, Johannes Vetter, who would like to be able to add more solutions to his intense dietary regimen.

Hain Celestial acquires natural sweeteners brand Clarks UK

05 Dec 2017 --- The Hain Celestial Group, Inc. has announced that one of its wholly-owned subsidiaries has acquired Clarks UK Ltd., The Natural Sweeteners Company, a leading maple syrup and natural sweetener brand, in the United Kingdom.  

Barry Callebaut completes Gertrude Hawks Chocolates ingredients business acquisition

04 Dec 2017 --- Back in September, Barry Callebaut announced that it had signed an agreement to acquire the ingredients division of Gertrude Hawk Chocolates.  The chocolate and cocoa manufacturer last week announced that it has successfully closed the acquisition of the ingredients division of Gertrude Hawk Chocolates in the US.

Nestle invests US$54m in Cuban factory

30 Nov 2017 --- Nestlé has started construction on a new factory in Cuba, to meet growing consumer demand and strengthen its presence on the Caribbean island. Nestlé is investing CHF 54 million (US$54.7million) in the factory, which will employ 260 people by its third year.

Chr. Hansen boss steps down

30 Nov 2017 --- The chief executive of Denmark-based Chr. Hansen Holding A/S, Cees de Jong, has announced that he will be stepping down after five years in the post.

Wilmar first palm oil firm to link bank loan to sustainability metrics

29 Nov 2017 --- Wilmar International Limited has partnered with ING to convert a portion of its existing bilateral, committed Revolving Credit Facility of US$150 million with the bank into a sustainability performance-linked loan.

China unilaterally lowers cheese tariffs

29 Nov 2017 --- China is unilaterally lowering its cheese tariffs from 12 percent to 8 percent, effective from December 1, 2017. The move will immediately boost US export competitiveness in China and help US suppliers take a larger role in meeting the nation’s booming cheese demand.

Hormel Foods US$850m purchase of Columbus Manufacturing gets green light

29 Nov 2017 --- Hormel Foods Corporation has closed off its acquisition of Columbus Manufacturing, Inc., an authentic, premium deli meat and salami company, from Chicago-based Arbor Investments.

Cost-effective carmine alternative scoops Start-Up Innovation Challenge Award

29 Nov 2017 --- Danish start-up company Chromologics has won the Start-Up Innovation challenge at Fi Europe for their natural red color solution. The biotech company, with just 5 employees, was spun out from the Technical University of Denmark after many years of research and is now looking to find funding in order to cross the lengthy and complex regulatory minefield ahead. 
 

Symrise screens onion virtual reality film

29 Nov 2017 --- Why is the onion considered the queen of the kitchen? And why is Symrise the king of onion? These were the questions the flavors and fragrance producer was posing during the opening of Fi Europe when the company launched its new film shot with 360° virtual reality technology.

Beer breakthrough: World-first as new brew is placed on Blockchain

28 Nov 2017 --- A world-first has been achieved by two Northern Ireland businesses that were brought together by the Ulster Bank-powered Entrepreneurial Spark hub in Belfast. Ireland Craft Beers and technology firm arc-net have collaborated to create a new beer brand that will be placed on a Blockchain platform – the first time this has been done anywhere in the world – to enable consumers to fully trace the product’s ingredients from source.

Olam forecasts smaller cocoa surplus as Asia develops a taste for chocolate

27 Nov 2017 --- Cocoa processor Olam is projecting a smaller than expected cocoa surplus where excess supplies, that hit record levels last season, are falling because of a larger uptake from emerging Asian markets.

Barentz and Deltagen sign partnership for collaboration on Latin American food market

27 Nov 2017 --- Barentz International has announced the signing of a strategic partnership with Deltagen Group, a specialized food ingredients distributor. The two companies will work together in Latin America and The Caribbean region, expanding both companies’ presence in the region and serving existing and new customers in the food and beverage industries.

UK: Students win silver at European competition with innovative vegan sushi

27 Nov 2017 --- A team from The University of Reading has been awarded the silver prize at the European final of Ecotrophelia for their caulirice sushi. The vegan sushi is made using cauliflower rice and fresh vegetables and contains just 75 calories per portion.

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