Cal-Maine Completes Acquisition of Production Assets of Mahard Egg Farm

Cal-Maine Foods, Inc. today announced that it has closed the previously announced acquisition of certain assets of Mahard Egg Farm, relating to its commercial...

Costa Coffee Announces Appointment of New CEO

Costa Coffee announced today that Dominic Paul will step down as CEO of the company effective Nov. 30. He will be succeeded Dec. 2...

USA: Ferrero Opens Distribution Centre

Confectionery company Ferrero has opened its new distribution center located in, Jonestown, PA. The 730,000 square-foot facility will support Ferrero's organic growth and integration of...

Asia’s Food Sector Needs $800 Bln Investment Over 10 years – Report

Asia's food and agriculture industry needs investment of $800 billion over the next 10 years to meet the region's growing food demand, a jointly...

Vegan Ingredients Firm Perfect Day to Tackle New Challenge: Animal Fats

20 November 2019- Vegan ingredients firm Perfect Day has announced plans to expand their ingredients platform, currently focused on milk proteins, into animal fats...

Louis Dreyfus Names Clarkson as New Coffee Head after Gelchie’s COO Move

Agricultural commodity merchant Louis Dreyfus Company (LDC) has named Ben Clarkson as the head of its coffee business, taking over from Michael Gelchie who...

UK: Geary’s Bakery Sells Majority Stake

Leicestershire based Geary’s Bakery has sold a majority stake to the Unsworth family, founders of Aimia Foods, local press reports. No financial detail have...

Fevertree Drinks Warns on Revenue as UK Retail Spending Cools

Premium tonic water maker Fevertree Drinks Plc on Wednesday warned on its annual revenue as Britons spent less on its mixers sold in retail...

Demand for Meat Alternatives is Driving Segment Expansion

DuPont Nutrition & Biosciences has identified that most consumers in South America want to add more vegetable protein to their diets. It is not news...

General Mills Reduces Sodium Across U.S. Product Categories

General Mills has achieved its public goal to reduce sodium by 20% across all ten key U.S. product categories. In an update to its...

DSM Acquires AVA, Strengthens Position in Personalized Nutrition

Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living, announces it has acquired AVA, a Boston (US) based personalized nutrition platform...

Global Dairy Prices Rise for Fifth Time in a Row

Global dairy prices rose for the fifth time in a row at a fortnightly auction held early on Wednesday as constrained global supply provided...

Sugar Reduction Hits the Sweet Spot

Sugar reduction remains a central topic in the media and among consumers and opportunities for reducing sugar intake are taking a number of directions...

Specialty Food Association Predicts Top 2020 Food Trends

From "Plants as Plants" to unexpected proteins and everything in between, the Specialty Food Association (SFA) Trendspotter Panel predicts what's coming up for specialty...

Coca-Cola Switches to Recycled Plastic for PET Bottles in Sweden

Drinks group Coca-Cola said on Tuesday it would start using PET bottles in Sweden made only of recycled plastic in a first step towards...

Molson Coors Partners with Emerging Nonalcohol Beverage Firm

Molson Coors and L.A. Libations today announced a multiyear partnership that includes a significant minority equity investment by Molson Coors in L.A. Libations as...

US: Manus Bio Opens Sweetener Production Facility

Massachusetts based biotech company Manus Bio has opened a sweetener production facility in Augusta, local press reports, the company acquired the former NutraSweet plant...

UK: Albert Bartlett Acquires Stake in Kiddyum

Potato grower and packer company, Albert Bartlett, has taken a 40% stake in children’s frozen food brand Kiddyum, local press reports. No financial details...

USA: AAK Opens Customer Innovation Centre to Support Bakery, Dairy and Plant-Based Foods

Vegetable oil solutions company AAK has opened a new Customer Innovation Centre in Richmond, the centre supports co-development work with multiple industry segment-focused labs...

Synlait and The A2 Milk Company Extend Supply Agreement

Synlait Milk Limited has renegotiated aspects of its comprehensive manufacturing and supply arrangements with The a2 Milk Company. Changes reinforce the companies’ long-term partnership. Synlait...

New Zealand’s A2 Milk Raises Margin Outlook as Marketing Pays Off

New Zealand's a2 Milk Company raised its operating profit margin forecast on Tuesday on the back of higher marketing spending, sending its shares to...

Beyond Meat vs Zhenmeat: The Battle for China’s Meatless Market

U.S. plant-based "meat" makers targeting China like Impossible Foods and Beyond Meat Inc will need to battle homegrown rivals which are developing local favourites...

Suedzucker Closing Antwerp Export Office, Focuses on EU

Suedzucker, Europe's largest sugar refiner, said on Monday it will close an export sales office in Antwerp, Belgium as part of its strategy to...

Cott to Acquire The Water Guy, Strengthening Customer Base in the Mid-Atlantic

Cott Corporation , a leading provider of home and office bottled water delivery services in North America and Europe and a leader in custom...

Tyson Beef Plant in Kansas to Resume Operations in December

Following the August 9 fire that disrupted operations at its Holcomb, Kansas beef complex, Tyson Fresh Meats, the beef and pork subsidiary of Tyson...

Australia: Unilever Relocating Weis Ice-Cream Production

Unilever has announced plans to move the production of its Weis Ice cream business from Queensland to New South Wales, local press reports. In 2017...

HKScan and Hes-Pro Oy to Develop Plant-Based Protein Products

HKScan Corporation and Hes-Pro (Finland) Oy have signed a cooperation agreement to develop, produce and launch plant-based protein products. Hes-Pro Oy is part of...

Nestle and Carrefour Apply Blockchain Technology to Infant Nutrition

Nestle and Carrefour have rolled out their next blockchain technology project, consumers can now access blockchain data for the infant milk range GUIGOZ® Bio...

Commodity Group Louis Dreyfus Promotes Coffee Head to COO Role in Latest Reshuffle

Louis Dreyfus Company (LDC) on Monday appointed its head of coffee Michael Gelchie as its new chief operating officer in the latest management reshuffle...

Bimbo Bakeries USA Commits to 100% Sustainable Packaging by 2025.

Bimbo Bakeries USA announced today that it is committing to 100% sustainable packaging for its entire product portfolio by 2025. Through this commitment, the...

DSM to Acquire Specialty Dairy Solutions Provider Royal CSK

Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living, today announces that it has reached agreement with the shareholders of specialty...

INTERVIEW: Seaweed Supplier Discusses the Food Applications of Mineral-Rich Umami Powerhouse Kelp

While flashy food ingredients like açai berries and coconut oil have captured the spotlight, behind the scenes, a less glamorous nutritional workhorse has, slowly...

South Africa’s Pioneer Food Reports 6% Fall in Annual Profit

Food and drinks company Pioneer Food Group Ltd on Monday reported a 6% fall in full-year profit and said it expects its takeover by...

Brands Urged to Think Bigger on Saving Forests as 2020 Goal Looms

Green certification is not a silver bullet to end deforestation, leaving many global household brands struggling to meet pledges to halt forest-clearing linked to...

Post Holdings’ 8th Avenue to Acquire Peanut Butter Facility from Conagra

8th Avenue Food & Provisions, Inc. (“8th Avenue”) today announced that it has agreed to acquire the Conagra Brands, Inc. (“Conagra”) peanut butter facility...

EIB Lends EUR 40 Mln to Fazer Group for Research and Development

A EUR 40 million European Investment Bank (EIB) loan has been granted for research, development and innovation activities to be rolled out at Fazer...

Symrise to Open Creative Centre at Unilever Foods Innovation Centre

Flavour and fragrance producer Symrise is opening an application lab at the Unilever Foods Innovation Centre on the Wageningen Campus. The 120 square metre...

Arla Launches Climate Check Program to Lower GHG Emissions of Dairy Farmers

15 November 2019- European dairy cooperative Arla unveiled today its Climate Check program, an initiative it claims will triple the speed of CO2e reductions...

French Sugar Group Tereos Posts First-Half Loss, Sales Stable

French sugar group Tereos said on Friday it made a net loss of 21 million euros ($23.1 million) in the six months to Sept....

Cargill-DSM JV Starts Production of EverSweet Stevia Sweetener

Avansya, the joint venture between Cargill and DSM, has started production at its US fermentation facility for stevia sweeteners, the facility produces Reb M...

Jurgen Brandt Appointed New CFO of the HOCHDORF Group

The Board of Directors of the HOCHDORF Group has appointed Jürgen Brandt as the new CFO and member of the Executive Board. He will...

Australia Approves China-Government Backed Buyout of Dairy Firm Bellamy’s

* FIRB says deal not against national interests * Conditions to approval to keep Bellamy's in Australia * Australia has previously blocked Chinese investment * Opposition lawmakers...

Can Global Corporations Meet 2020 No-Deforestation Pledge?

After becoming a target for high-profile campaigns against tropical forest loss by environmentalists, global household brands that buy and use palm oil agreed in...

Ingredion Opens Allulose Plant in Latin America

Ingredient solutions provider Ingredion has opened its first allulose production plant in San Juan del Río, Mexico. The facility will manufacture the sweetener ASTRAEA...

Smucker Announces New Executive Leadership Structure and Team

The J. M. Smucker Company today announced an evolution of its executive leadership structure and team reporting to President and Chief Executive Officer, Mark...

Orkla Names New EVP and CFO

Harald Ullevoldsæter has been appointed new Executive Vice President and Chief Financial Officer at Orkla ASA, effective 1 March 2020. He will succeed Jens...

Refresco acquires AZPACK in Arizona, USA

Refresco announces that it has entered into an agreement with AZPACK (Arizona Production & Packaging) to acquire their manufacturing activities located in Tempe, Arizona,...

Buy & Build Strategy Accelerates, Refresco Reports Solid Q3 2019 Results

Refresco publishes the third quarter 2019 results of Sunshine Top B.V., the entity owning Refresco Holding B.V. 1 Q3 2019 Highlights Total volume was 2,905...

Bad U.S. Weather Forces Sugar Producers to Declare Force Majeure, Prices Jump

Two sugar beet producers declared a surprising force majeure due to freezing U.S. weather conditions, according to market participants and company officials, driving the...

Coca-Cola HBC Q3 Reported Revenue Up 5%

Coca‑Cola HBC AG, a leading bottler of the brands of The Coca‑Cola Company, announces its 2019 Q3 trading update. Third quarter highlights Solid performance in a...

Luckin Coffee’s Not-So-Secret Weapon in Battle with Starbucks: Tea

Luckin Coffee Inc's new teas pulled in more customers to its rapidly expanding network of stores in China in the third quarter, helping the...

Abbott CEO Miles White to Step Down Next Year

Abbott Laboratories longtime Chief Executive Officer Miles White will step down in favor of his chief of operations in March, handing over the reins...

BevCanna Plans to Acquire Cold-Pressed Juice Co.

Emerging leader in infused cannabis beverages, BevCanna Enterprises Inc. announced today that it has signed a non-binding Letter of Intent (the "LOI") to acquire...

ADM Says to Focus on Organic Growth After Acquisitions

Grain trader Archer Daniels Midland Co ADM does not expect to continue its aggressive strategy of acquisitions in the next few years and will...

Bega Cheese Appoints Pete Findlay as New CFO

Bega Cheese is pleased to announce the appointment of Pete Findlay as Chief Financial Officer who commences with the Group today. Pete is a commercially...

UK: Baby Food Manufacturer For Aisha Secures PE Investment

Halal baby food manufacturer For Aisha has secured backing from private equity investment company Foresight Group, no financial details have been disclosed. UK based For...

Roquette Ventures Invests in Bio Venture Company Developing HMOs

Roquette Ventures, an investment company supporting pioneer innovations for Food, Nutrition and Health markets, and Advanced Protein Technologies (AP Technologies), a bio venture company...

Unilever Appoints Andersen as New Chairman, Replacing Marijn Dekkers

Unilever on Wednesday named non-executive director Nils Andersen as its new chairman, appointing an executive with deep experience across consumer goods and logistics industries...

Wilmar Q3 Revenue Down 2.2%

Wilmar International Limited (“Wilmar” or “the Group”), Asia’s leading agribusiness group, reported a 10% increase in net profit to USD 447.1 million for the...

Chickpea Pasta Company Banza Raises $20 Million

Chickpea based pasta brand Banza has secured USD 20 million in growth funding, led by Enlightened Hospitality Investments and Prelude Growth Partners. The funding,...

Dreyfus Sugar Unit Biosev Posts Quarterly Loss of $73 Mln

Biosev SA, the Brazilian sugar and ethanol unit controlled by commodities trader Louis Dreyfus, posted a net loss of 304 million reais ($73.01 million)...

Danimer Scientific and Genpak Partner to Launch Biodegradable Food Packaging

Danimer Scientific, a leading developer and manufacturer of biodegradable materials, and Genpak, the leading manufacturer of quality food packaging, are partnering to create a...

Plant Based Food and Drink Innovation A Key Theme at Rabobank Foodbytes! London

Plant based food and drink innovation was a key theme running through this year’s Rabobank FoodBytes! event in London. Olivia Midgley reports. Plant based and...

Tyson Prepared Food Sales Volume Down 2.6% in Q4

Fiscal 2019 Highlights * GAAP EPS of $5.52, down 33% from record prior year (prior year included a one-time tax benefit of $2.71) * Adjusted EPS...

Brazil’s BRF to Launch Complete Line of Plant-Based Food Products

Brazilian meat-packer BRF SA will launch a complete line of plant-based food products in the first half of 2020, chief executive Lorival Luz said...

Dean Foods Files for Chapter 11

Dean Foods Co said on Tuesday it filed for Chapter 11 bankruptcy protection, months after the owner of TruMoo chocolate milk and Meadow Gold...

Tate & Lyle Opens Application Centre in Brazil

Food and beverage ingredients and solutions provider, Tate & Lyle has opened a new application centre in San Paulo, Brazil. The centre is part...

Premier Foods Announces New Appointments to Leadership Team

Premier Foods has changed its Executive Leadership Team (ELT), to deliver “sharper consumer, customer and operational focus”, the company said. The three new appointments to...

Refresco to Acquire Britvic’s Three Juice Bottling Facilities in France

Refresco announces the potential acquisition of Britvic’s three juice manufacturing facilities in France by Refresco. The prospective transaction, subject to employee consultation and competition...

Lonza’s CEO Steps Down

Lonza announced today that Marc Funk, CEO, will leave the Company for personal reasons. The Board of Directors also announced that Albert Baehny, Chairman,...

Premier Foods Profit Gains on Mr Kipling Cakes, Nissin Noodles Boost

Britain's Premier Foods Plc reported higher first-half adjusted pretax profit on Tuesday, benefiting from the relaunch of Mr Kipling cakes last year and strong...

Ajinomoto and Accenture to Establish JV to Drive Operational Transformation

Ajinomoto Co., Inc. and Accenture have agreed to establish a joint venture in Japan to help the food and biotech company leverage digital technology...

Burger King Picks Unilever to Make Plant-Based Whoppers in Europe

Burger King on Monday rolled out a meat-free version of its Whopper burger in 25 European countries, using patties made by Unilever Plc to...

Smaller, Thinner, Less Sweet Snacks? Mondelez Makes Health Drive

Snack maker Mondelez will offer more treats in smaller portions and with less sugar, as the company behind Oreo cookies and Cadbury chocolate responds...

Swiss Coffee Lovers Win Reprieve Over Plans to Scrap Bean Stockpile

The Swiss government has woken up and smelled the coffee, delaying a final decision on its plan to scrap the nation's strategic bean reserve...

British Baker Greggs Bucks Retail Gloom with Higher Profit Prediction

Baker and takeaway food group Greggs raised its profit forecast on Monday, lifting its shares and reinforcing its position as one of Britain's few...

Givaudan to Acquire Ungerer, Strengthening Specialty Ingredient Capabilities

As part of its 2020 strategy to expand the capabilities of its global flavour and fragrance business, Givaudan today announced that it has reached...

Tata Global Beverages Reports 8% Increase in HY Operational Revenue

For the quarter, Revenue from operations at Rs. 914 crores increased by 8% over corresponding quarter of the previous year mainly on account of...

Canada’s Saputo Sees Q2 Revenues Climb 7.2%

Saputo Inc. (Saputo or the Company) reported today its financial results for the second quarter of fiscal 2020, which ended on September 30, 2019. All...

Diet for Healthy People, Healthy Planet Too Costly For Some

At least one in five people could not afford science's 'ideal diet' designed to feed 10 billion people without hurting the planet, according to...

Beyond Meat Eyes Production in Asia Before the End of 2020

Beyond Meat Inc aims to start production in Asia before the end of next year, as it gets closer to selling its popular plant-based...

S.Africa’s Tiger Brands Looking at Sale of Processed Meats Business

South Africa's Tiger Brands is exploring the sale of its processed meats business, which was temporarily closed last year following the world's largest ever...

Arla Invests EUR 80 Mln to Double Mozzarella Production at Branderup Dairy

Arla is set to invest EUR 80 million to more than double mozzarella production at its Branderup Dairy in Denmark. The expansion, the company...

Riviana Foods Expands Ready To Serve Rice Plant In Memphis

Riviana Foods Inc. announced today that it has expanded its production capacity for its microwaveable rice products under the Minute® rice brand. This expansion, a...

Cargill Opens a Culinary Experience Hub in Belgium

Cargill has opened a Culinary Experience Hub in its research & development site (R&D) in Vilvoorde, Belgium. Customers from across the EMEA (Europe, Middle...

Agropur Reviews Canadian Operations

In a competitive market, Agropur Cooperative is carrying out an organizational review to increase the profitability of its Canadian operations. A total of 125...

Hain Celestial Q1 Net Sales Down 7%

The Hain Celestial Group, Inc. (Nasdaq: HAIN) ("Hain Celestial" or the "Company"), a leading organic and natural products company with operations in North America,...

Hain Celestial Appoints New Chief Financial Officer

The Hain Celestial Group, Inc. today announced Javier H. Idrovo is joining the Company as Executive Vice President and Chief Financial Officer, effective December...

Cott Revenue Up 1% Q3

Cott Corporation a leading provider of home and office bottled water delivery services in North America and Europe and a leader in custom coffee...

Treehouse Foods Q3 Net Sales Down 5.4%

HIGHLIGHTS - Third quarter 2019 adjusted earnings per diluted share from continuing operations was $0.55, within the Company's guidance range and $(0.02) below third quarter...

JBS’ Seara Alimentos to Acquire Cold Cuts Business Frigorífico Marba

According to a market notice issued by JBS, its subsidiary Seara Alimentos has entered into an agreement to acquire Frigorífico Marba ("Marba"), a cold...

Roquette and Yili Sign a Strategic Cooperation Agreement

Roquette, a global leader in plant-based ingredients for Food, Nutrition and Health markets, and Inner Mongolia Yili Industrial Group Co., Ltd., one of the...

Canada: McCain Foods Commits USD 60.7 Mln for Production Expansion

McCain Foods announced it will invest $80 million towards the creation of a new Formed Potato Specialty production line at its existing Grand Falls,...

World Food Prices Rise for First Time in 5 Months -U.N. FAO

World food prices rose for the first time in five months in October, boosted by jumps in quotations for sugar and cereals, the United...

Nestle and Corbion Partner to Develop Microalgae-Based Ingredients for Plant-Based Products

Corbion and Nestlé have entered into a joint development agreement to develop a next generation platform of algae-based ingredients rich in protein and micronutrients...

Performance Food Group Q1 Net Sales Up 37.5%

First-Quarter Fiscal 2020 Highlights Total case volume grew 10.7% Net sales increased 37.5% to $6.2 billion Gross profit improved 19.8% to $711.4 million Net...

Flower Foods Q3 Sales Increased 4.7%

Flowers Foods, Inc. (NYSE: FLO), producer of Nature’s Own, Dave’s Killer Bread, Wonder, Tastykake, and other bakery foods, today reported financial results for the...

Tate & Lyle’s Food and Beverage Solutions Unit Sales Up 4% in H1

Key highlights • Encouraging first-half with performance in line with our expectations o Food & Beverage Solutions delivered top-line momentum and double-digit profit2 growth o Sucralose performed...

Investcorp Launches $500 Mln Fund to Invest in Asian Food Sector

Middle Eastern fund Investcorp is joining forces with Chinese partners to spend up to $500 million buying food brands and manufacturing sites in Asia,...

Coca-Cola Chooses Plastic Bottle Collection Over Aluminum Cans to Cut Carbon Footprint

Coca-Cola is committed to collecting and recycling plastic bottles rather than switching to aluminum cans as the world's largest soft drinks maker seeks to...

INTERVIEW: Wide Open Vegan Cheese Space Leaves Room for Plant Perks to Take Off

The Economist named 2019 the “year of the vegan”. Vegetable patties have found their ways onto the menus of iconic hamburger joints. Ice cream...

Brenntag Q3 Reported Sales Up 1%

Brenntag achieves stable results in a still-difficult market environment Operating gross profit* grows to 722.2 million EUR (+3.9% on a constant currency basis) Operating...

Suntory Beverage & Food F9M Revenue Up 0.9%

Operating results Suntory Beverage & Food Limited Group (the Group), based on the philosophy of enriching consumers’ lives by proposing premium and unique products...

Canada: Aryzta Adds New Line at Its Ancaster Bakery

ARYZTA’s new frozen bread line at its bakery in Ancaster, Canada is expected to be operational this month. The line both expands Ancaster’s offerings...

Bubs Signs Goat Milk Deal with China’s Alibaba

Bubs Australia has signed an agreement with Chinese ecommerce business Alibaba to import adult goat dairy products into mainland China. The agreement, Bubs said,...

Ireland to Impose “Latte Levy” by 2021 to Cut Plastic Waste

Ireland will impose a so-called latte levy on disposable coffee cups by 2021 in a bid to change consumer habits and cut the environmental...

Ajinomoto’s International Food Products Segment Reports Decreases in Sales of Seasonings, Processed and Frozen...

An overviewof the consolidated financial results of Ajinomoto Co., Inc. (“Ajinomoto Co.”) for the interim period of fiscal 2019 (April 1, 2019 -September 30,...

Kerry Group F9M Reported Revenue Up 10%

Kerry, the global taste & nutrition and consumer foods group, issues the following Interim Management Statement for the nine months ended 30September2019. Q3 YTD KEYHIGHLIGHTS •3.1%...

Dairy Free Drinks Producer Mooala Secures USD 8.3 Mln Funding

Mooala, maker of  organic, dairy-free beverages and creamers, today announced it has completed a $8.3 million Series A equity financing. Sweat Equities, an investment firm specializing in...

Mintel: India’s Chocolate Confectionery Market is Forecast to Reach INR 172 Billion in 2019

An industry often categorised as impulsive and indulgent for consumers, the chocolate industry in India moves quickly and is expected to see double-digit growth...

Coca-Cola Bottling Co. Consolidated Q3 Net Sales Growth of 5.6%

Coca-Cola Consolidated Reports Third Quarter 2019 and First Nine Months 2019 Results * Third quarter 2019 net sales grew 5.6% versus the same period last...

EU, China Agree to Protect 100 of Each Other’s Regional Foods

The European Union and China have agreed to protect 100 European regional food names, known as geographical indications (GI), in China and 100 Chinese...

Barry Callebaut’s FY Sales Volume up 5.1%

Sales volume up +5.1%, well above the market growth1 Sales revenue of CHF 7.3 billion, up +7.8 % in local currencies ( +5.2%...

Global Dairy Prices Jump 3.7% on Dampened Supply

Global dairy prices surged 3.7% at a fortnightly auction held early on Wednesday, boosted by constrained global supply and New Zealand production. The GDT price...

Asahi Q3 Revenue Down 3.1%

3.1% YoY decline in core OP for Q3 mainly due to the negative impacts of the unseasonable weather in Soft Drinks Business. (-0.4% YoY...

Kemin Opens Innovation and Technology Centre in China

Ingredient Manufacturer Kemin Industries has opened a new Innovation and Technology Centre at its regional headquarters in Zhuhai. The new 4,200 sq. meter facility is...

China’s Cooking Oil Market Boils Amid Pork Shortage, Low Soy Stocks

China's soyoil prices rallied to their highest in more than two years this week as consumers turned to shrinking inventories of vegetable oils amid...

Ornua Opens Cheese Production Facility in Spain

Irish dairy cooperative Ornua has opened its EUR 30 million cheese production facility in Avila, Spain, built on the former Ornua cheese manufacturing site...

US: AMPI to Close Two Dairy Production Plants

Associated Milk Producers Inc. (AMPI) has said it plans to shut down production at its Arlington, Iowa, non-fat dry milk plant and Rochester, Minn.,...

Symrise Completes ADF/ IDF Acquisition

Symrise AG  announced that it has successfully completed the acquisition of ADF/IDF, a leading U.S. meat and egg-based protein specialist and pioneer in all-natural...

IFF Taste Business Unit Sales Down 3% in Q3

International Flavors & Fragrances Inc. reported financial results for the third quarter ended September 30, 2019 and reconfirms full year 2019 guidance. Management Commentary “In the...

AB Foods Earnings Up 2% on Strong Grocery Demand

Associated British Foods reported a 2% rise in annual earnings on Tuesday, with growth at its Primark fashion chain and grocery businesses more than...

DSM Human Nutrition & Health Organic Growth Up 1% in F9M

All comparisons on this page are versus the Underlying business in the first nine months of 2018 Nine months 2019 sales Organic growth was 1% against...

McDonald’s CEO Surprise Exit Throws Long-Term Vision into Doubt- Analysts

The surprise exit of McDonald's Corp chief executive officer, Steve Easterbrook, over the weekend has Wall Street wondering whether the burger chain's multi-billion dollar...

Signature Foods Acquires Topking Fingerfood

Dutch snacks company Topking Fingerfood had been acquired by Signature Foods BV for an undisclosed amount. Established in 1982, Topking’s products include spring rolls, cheese...

Wattle Health to Set Up JV to Sell Nutritional Products into China

Wattle Health Australia (WHA) has signed a collaboration agreement with Chinese Nutritional Company Nouriz to set up a 50/50 joint venture for the manufacture...

Snacks: Calbee Acquires Warnock Food Products

Calbee, through its US subsidiary Calbee America (CAN), has acquired an 80% share in Californian based snacks manufacturer Warnock Food Products. “Through the acquisition...

MPG Ingredient Solutions Segment Up 4.2% in Q3

For the third quarter of 2019, sales in the Ingredient Solutions segment increased 4.2% to $17.4 million. Gross profit declined to $2.9 million, or...

PE Firm TGP to Acquire Stake in Kenyan Dairy Company

American private equity firm TGP Capital Partners is set to take a 33.9% stake in Kenya's Maziwa Ltd through its subsidiary Pledge Holdco Ltd....

Muller Confirms Measures to Address Growing Milk Surplus in Scotland

Muller has announced measures to reduce the over all volume of milk purchased in Scotland, a number of farmers in the northeast are being...

Axereal Acquires Cargill’s Malt Business

AXEREAL, France's largest grain cooperative, today announced the acquisition of CARGILL's malt business on behalf of its subsidiary, BOORTMALT. This acquisition strengthens AXEREAL's position globally,...

Olam Completes Dangote Flour Mills Acquisition

Olam International Limited refers to its earlier announcements made on 23 April 2019, 29 April 2019 and 5 August 2019 on the binding offer...

Scotland: First Milk Consults on Closing Campbeltown Creamery

First Milk has today announced the commencement of employee consultation about its proposed intention to close its Campbeltown Creamery. This puts 14 jobs at...

Corbion Food Ingredients Segment Net Sales Up 9.5% in F9M

Corbion reported sales of € 728.9 million in the first nine months of 2019, an increase of 9.4% compared to the first nine months...

Glanbia Q3 YTD revenues up 16.9%, Strong Performance from Nutritional Solutions

Glanbia plc, the global nutrition group (‘Glanbia’, the ‘Group’ or the “plc”), is issuing this Interim Management Statement for the nine month period ended...

Ebro F9M Net profit Up 15.1%

Ebro’s net turnover grew by 7.2% year on year to €2,035.2 million, boosted by the excellent performance of our brands. The group’s EBITDA, or gross...

Ingredion Q3 Net Sales Slightly Up

Third quarter 2019 reported and adjusted EPS* were $1.47 and $1.82, respectively, compared with $1.32 and $1.70 in the third quarter 2018, respectively ...

Nestle Inaugurates Its First Gerber Cereal Snacks Plant in China

Nestle has today inaugurated its first Gerber NutriPuffs cereal snacks plant in Shuangcheng, Harbin Province, China. With an investment of around RMB 100 million (approx....

Kraft Heinz Q3 Net Sales Down 4.8%

The Kraft Heinz Company today reported third quarter 2019 financial results that reflected a one-time gain on the sale of the Company's Canadian natural...

ADM Starches and Sweeteners Down in Q3

Archer Daniels Midland Companytoday reported financial results for the quarter ended September 30, 2019. “We delivered solid third quarter results, consistent with the perspectives we...

Dunkin’ Q3 Revenues Up 1.7%

Third quarter highlights include: Dunkin' U.S. comparable store sales growth of 1.5% Baskin-Robbins U.S. comparable store sales growth of 3.6% Added 55 net new...

Canada: Lassonde to Acquire Fruit-Based Snack and Beverage Manufacturer Sun-Rype

Food and beverage company Lassonde Industries is set to acquire Canadian fruit-based snack and beverage manufacturer Sun-Rype Products Ltd for around USD 61 million...

Netherlands: Vion to Tranform Beef Plant into Factory for Plant-Based Meat Substitutes

31 October 2019- A 2 year old Vion beef facility in Leeuwarden will be transformed into a site for plant-based meat alternatives, according to...

Symrise Receives Anti-Trust Clearance for ADF/IDF Acquisition

Symrise AG has reached a milestone towards the successful completion of the acquisition of ADF/IDF, a leading U.S. meat and egg-based protein specialist and...

US: Kemin Opens USD 1.5 Mln Bakery Innovation Centre

Ingredient manufacturer Kemin Industries has opened a Bakery Innovation Center at its global headquarters in Des Moines, Iowa. The USD 1.5 million investment, the...

FrieslandCampina Introduces Recyclable Cheese Pack

FrieslandCampina has introduced a fully recyclable version of the resealable packaging for cheese. This, the company says, can “lead to a decrease of more...

Carlsberg Agrees to Buy out Cambodian Brewery, Posts Upbeat Q3 Sales

Carlsberg reported a 5.3% rise in third quarter sales, boosted by strong sales in Asia and Western Europe, and said it had agreed to...

Starbucks Earnings Heat Up on China Expansion, Digital and Cold Brews

Starbucks Corp beat Wall Street sales and revenue estimates on Wednesday, driven by new stores, digital ordering and delivery in China, and cold drinks...

Fonterra Reports Higher Milk Solids Production in September

* NZ milk output helped by good temperatures and pasture quality * Australia milk collection down on poor weather, intense competition * China demand for infant...

USDA, EPA and FDA Partner with the Food Waste Reduction Alliance

The U.S. Department of Agriculture (USDA), the U.S. Environmental Protection Agency (EPA), and the U.S. Food and Drug Administration (FDA) announced a new partnership...

Starbucks Q4 Comparable Store Sales Up 5% Globally

Q4 Comparable Store Sales Up 5% Globally, Led by 6% Comp Growth in the U.S. and 5% Comp Growth in China Global Net...

Nestle Considering Sale of Local Chinese Brands

Nestle is considering options, including sale, for two poor performing Chinese units according to a report from Blumberg that cites “people familiar with the...

Maple Leaf Food Q3 Sales Up 13.8%, Driven by Growth in Meat and Plant...

Maple Leaf Foods Inc. today reported its financial results for the third quarter ended September 30, 2019. Quarterly Highlights Initial quarter with segmented results; meat...

Bunge Food & Ingredients Performed Well in Q3, Driven by Strength in Edible Oils

Q3 GAAP EPS of $(10.57) vs. $2.39 in the prior year; $1.41 vs. $2.52 on an adjusted basis Results included ~$1.7 billion of...

UK: Glebe Farm Foods Expanding Oat Drink Production

Glebe Farms Foods is set to expand its Cambridgeshire oat production site. The decision to expand, the company says, is driven by the increase...

USA: Upstate Niagara Cooperative to Buy Byrne Dairy Operations

Upstate Niagara Cooperative has announced the purchase of Byrne Dairy’s fresh fluid milk operations. No financial details have been disclosed, closing is expected within...

Fresh Del Monte Q3 Net Sales Up in Fresh-Cut Fruit, Avocados and Vegetables

Fresh Del Monte Produce Inc.  today reported financial results for the third quarter ended September 27, 2019. The Company reported earnings per diluted share...

Lantmännen Unibake Consolidating European Bakery Operations, Closing 3 Bakeries

Danish bakery Lantmännen Unibake has announced plans to close bakeries in Poznan, Viborg and Budapest, the move follows a business review evaluating the efficiency...

Oreos Maker Mondelez Raises Outlook on Emerging Markets Demand

Ritz crackers-owner Mondelez International Inc raised its 2019 sales forecast on Tuesday after reporting a 1.1% rise in third-quarter revenue, driven by higher demand...

Mondelez Reports Organic Net Revenue growth of 4.2% in Q3

Mondelēz International Reports Q3 Results and Raises Full-Year Outlook Net revenues increased 1.1% driven by Organic Net Revenue growth of 4.2% reflecting balanced volume/mix...

Pipeline Foods Purchases Organic Ventures’ Ancient Grains and Specialty Products Business

Pipeline Foods LLC, a U.S.-based supply chain solutions company focused exclusively on organic, non-GMO and regenerative food and feed announced today it has reached...

Kellogg’s Q3 Net Sales Down 2.8%

October 29, 2019 - Kellogg Company today announced third-quarter 2019 results and reaffirmed its full-year financial guidance. Highlights: • As previously announced, completed divestiture in late...

Gerber and TerraCycle Partner on U.S.-Wide Recycling Program

Gerber has partnered with international recycling company TerraCycle to help give hard-to-recycle baby food packaging a new life. This partnership is rooted in Gerber...

Brazil’s BRF Signs MOU to Invest $120m in Saudi Chicken Processing Plant

Brazilian food processor BRF SA has signed a memorandum of understanding with the Saudi Arabian General Investment Authority to invest around $120 million to...

Italian Food Group Newlat Targets 200 mln Euro Acquisition in 2020

Italian food group Newlat plans a 200 million euro ($222 million) acquisition next year after its shares started trading on the Milan bourse on...

Wisconsin Cheese Group Receives Investment from PE Firm

American private equity firm Centre Partners has made an investment in Wisconsin Cheese Group (WCG), no Financial details were disclosed. Founded in 1985, Minnesota based...

French Group Le Duff Invests EUR 250 Mln in A New Premium Bread Plant

Le Duff plans to increase its bread-baking capacity, near its headquarters in Western France, by building a new plant in Brittany for Bridor, one...

ICL Invests USD 20 Mln in Plant-Based Meat-Alternatives Production

Israeli specialty mineral and chemical company ICL is set to invest USD 20 million to expand its manufacturing capacity and R&D capabilities for its...

Symrise’s Flavour Segment Sales Up 5.8% in F9M

Following a dynamic first half of the year, Symrise AG stayed on its growth course in the third quarter. All segments benefited from good...

Beyond Meat Net Revenue Up 250% in Q3

Beyond Meat, Inc. a leader in plant-based meat, today reported financial results for its third quarter and nine months ended September 28, 2019. Third Quarter...

2 Sisters’ Matthew Walker Christmas Puddings Sale Completes

2 Sisters Food Group can confirm the completion of the sale of its Matthew Walker Christmas puddings business to Valeo Foods Group. Following our announcement...

Australia’s Bega Cheese Shares Melt as Hot Weather Prompts Profit Warning

* Bega forecasts lower 2020 fiscal earnings * Milk supply tight as drought stretches into third year * Bega increases milk price, restructuring manufacturing capacity Australia's Bega...

Beyond Meat to Offer More Store Discounts as Competition Heats Up

Beyond Meat Inc reported its first ever net profit and raised its full-year sales forecast, but shares tumbled 6.5% in extended trading as the...

Italy to Tax Plastic and Sugar, Angering Producers

Italy's 2020 budget will include new taxes on plastic and sugary drinks designed to raise 1.3 billion euros, government officials said on Monday, prompting...

Celsius Completes Acquisition of Nordic Wellness Company Func Food Group Oyj

Celsius Holdings, Inc., maker of the leading global fitness drink, CELSIUS®, today announced that it completed the previously announced financial restructuring and acquisition of...

Impossible Foods Files Application to Sell Its Plant-Based Burgers in Europe

Plant-based burger company Impossible Foods has filed an application to gain authorisation for the use of soy leghemoglobin in the EU, according to CNBC. It...

Switzerland: Planted Foods Ag Raises USD 7 Mln in Funding

Swiss ETH Spin-off Planted Foods AG has raised USD 7 million (CHF 7 million) in a seed funding round. The funds will be used...

Saputo Completes the Acquisition of Lion Dairy & Drinks Specialty Cheese Business

Saputo completed today the transaction announced on April 26, 2019, and acquired the specialty cheese business (the “Specialty Cheese Business”) of Lion Dairy &...

Italy: Latteria and Caseificio Moro Accelerates Development with PE Investment

Italy’s Latteria and Caseificio Moro has received an investment from private equity firm Argos Wityu, the investment will go towards growth in Italy and...

Mindful Eating and the New Food Beliefs

The food and nutrition industry is constantly evolving. This means that companies are adapting their strategies in order to meet changing consumer demands and...

Tulip UK Discussing Closure of Loss-Making Cornwall Site

Major UK pork company Tulip Ltd. is reportedly beginning talks about the future of its unprofitable site in Bodmin, Cornwall, one of 12 production...

Kemin EMEA Relocates Production of Its Food Safety Product Lines

Kemin Industries, a global ingredient manufacturer has centralized the Europe, Middle East and Africa (EMEA) supply chain for BactoCEASE® NV, it’s clean-label, vinegar-based food...

Suedzucker Raises Earnings Outlook on Better Ethanol Demand; Sugar Still Weak

Suedzucker, Europe's largest sugar refiner, on Friday raised its forecast of operating profits in its current financial year as environmental concerns have boosted demand...

Heineken to Invest $244 Mln in Brazil by 2020 to Double Capacity

Heineken, the world's second-largest brewer, will invest 985 million reais ($244 million) in Brazil to double its production capacity, CEO Mauricio Giamellaro told the...

Germany’s Nordzucker Posts Loss on Low Sugar Prices

Germany's second-largest sugar refiner Nordzucker on Friday posted a first-half pretax loss of 12 million euros ($13.3 million), citing coninued low sugar prices. Unlisted Nordzucker...

Barilla Plans EUR 70 Mln. of Investment in France

Barilla has reportedly announced that it would be investing EUR 70 million in its French network over the next three years, according to local...

Synlait to Acquire Cheese Supplier Dairyworks for USD 71.6 Mln

Synlait has announced the conditional purchase of Dairyworks for NZD 112 million (USD 71.6 million), subject to Overseas Investment Office approval. Established in 2001 Dairyworks...

IFF Opens Texas Center of Excellence for Food Service and Seasonings

IFF has opened its Center of Excellence for Food Service and Seasonings in Carrollton, Texas. The new site, located near the Company’s existing facility,...

Cargill Invests USD 35 Mln in Europe to Produce Soluble Fibers

Cargill is investing $35 million (EUR 32 million) in Europe to add soluble fibers to its current broad portfolio of starches, sweeteners & texturizers....

AB InBev Q3 Revenue up 2.7%

KEY FIGURES • Revenue: Revenue grew by 2.7% in the quarter, with revenue per hl growth of 3.0% as healthy growth from ongoing premiumization and...

Kantar: Convenience Has Taken Over Spanish Mealtimes

Kantar’s “Food of the Nation” report reveals that the Spanish are going into their kitchens less and less. Today’s lifestyles and the emergence of...

Asahi CEO Bets on Better Tasting Alcohol-Free Beers; Pauses Acquisition Spree

Asahi Group Holdings' Chief Executive Akiyoshi Koji is betting on alcohol-free beer to drive global profits in coming years, leveraging Japanese technology to improve...

BP to Test Technology to Recycle Plastic Bottles Again and Again

BP plans to build a $25 million pilot plant to test new technology the energy company says will allow plastic bottles and food packaging...

Hershey Ups Full-Year Sales Forecast After Third-Quarter Beat

Hershey Co raised its full-year revenue forecast after posting third-quarter results that beat Wall Street estimates on Thursday, driven by price increases and investments...

Daiya Foods Names Michael Watt as CEO

The Board of Directors of Daiya Foods today announced the appointment of Michael Watt to lead the company as CEO. Mr. Watt takes the...

Arla Foods Inaugurates Cheese Production Site in Bahrain

Arla Foods today inaugurated a cheese production site in the Kingdom of Bahrain to support the increasing demands for dairy in the Middle East...

Snacks Manufacturer Uncle Ray’s Constructing New Facility in Missouri

Potato chip and snack manufacturer Uncle Ray’s has started construction on a new manufacturing facility in Montgomery City, Missouri. The 94,000 sq foot facility...

C&C Group H1 Revenue Up 13.5%

C&C Group plc (‘C&C’ or the 'Group’), a leading, vertically integrated premium drinks company which manufactures, markets and distributes branded beer, cider, wine, spirits...

Coca-Cola European Partners Revenue Stays Flat in Q3

Third-quarter revenue in line with expectations, full-year comparable and fx-neutral diluted EPS1 growth expected to be approximately 10%. Revenue (flat) *  Comparable volume -1.5% as we...

Russia’s EFKO to Set Up Production Venture with Egypt’s United Oil

Russian vegetable oil and mayonnaise producer EFKO and Egypt's United Oil plan to sign an agreement of intent on Thursday to jointly produce vegetable...