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  • AB InBev to Sell Australian Business For US$11.3 Billion to Asahi Group Anheuser-Busch InBev has agreed to divest Carlton & United Breweries (CUB), its Australian subsidiary, to Asahi Group Holdings for Au$16.0 billion, (US$11.3 billion) in enterprise value. The transaction represents an implied multiple of 14.9x 2018 normalised EBITDA. As part of this transaction, AB InBev will grant Asahi Group Holdings rights to commercialise the portfolio of AB [...]...
  • UK Spirits Boom Shows No Signs of Slowing Spirits producers across the UK are gearing up to dramatically increase production over the next 12 months amid signs that the boom in UK spirits is set to continue, according to research conducted by a campaigning alliance that has just been launched. A poll by Survation for the newly-established UK Spirits Alliance has found that 65 [...]...
  • Mondelēz International Completes Acquisition of Majority Interest in Perfect Snacks Mondelēz International has completed its acquisition of a majority interest in Perfect Snacks®, a pioneer in the fast-growing refrigerated nutrition bars segment with a range of offerings including Perfect Bar, The Original Refrigerated Protein Bar™, and Perfect Snacks’ other lines of organic, non-GMO, nut-butter based protein bars and bites. “The Perfect Snacks majority acquisition further expands [...]...
  • Interim Revenue and Profits Up at Nichols Nichols, the UK-based soft drinks group, has reported a 10.2% increase in revenue to £71.6 million and a 2.0% rise in profit before tax to £13.3 million for the half year ended 30 June 2019, compared to the corresponding period in the previous year. EBITDA increased by 9.7% to £15.3 million. To support the trading [...]...
  • First Milk Announces Proposed Changes at Scottish Creameries First Milk, the UK dairy co-operative, has announced the commencement of employee consultation about proposed changes at its Scottish Creameries. The Scottish Creameries were put up for sale in April 2018 when First Milk announced that its Campbeltown and Arran Creameries were not core to its business strategy for the future. Despite significant effort over the [...]...

AB InBev to Sell Australian Business For US$11.3 Billion to Asahi Group

  AB InBev to Sell Australian Business For US$11.3 Billion to Asahi Group

Anheuser-Busch InBev has agreed to divest Carlton & United Breweries (CUB), its Australian subsidiary, to Asahi Group Holdings for Au$16.0 billion, (US$11.3 billion) in enterprise value. The transaction represents an implied multiple of 14.9x 2018 normalised EBITDA.
As part of this transaction, AB InBev will grant Asahi Group Holdings rights to commercialise the portfolio of AB […]

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UK Spirits Boom Shows No Signs of Slowing

  UK Spirits Boom Shows No Signs of Slowing

Spirits producers across the UK are gearing up to dramatically increase production over the next 12 months amid signs that the boom in UK spirits is set to continue, according to research conducted by a campaigning alliance that has just been launched. A poll by Survation for the newly-established UK Spirits Alliance has found that 65 […]

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Mondelēz International Completes Acquisition of Majority Interest in Perfect Snacks

  Mondelēz International Completes Acquisition of Majority Interest in Perfect Snacks

Mondelēz International has completed its acquisition of a majority interest in Perfect Snacks®, a pioneer in the fast-growing refrigerated nutrition bars segment with a range of offerings including Perfect Bar, The Original Refrigerated Protein Bar™, and Perfect Snacks’ other lines of organic, non-GMO, nut-butter based protein bars and bites.
“The Perfect Snacks majority acquisition further expands […]

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Interim Revenue and Profits Up at Nichols

  Interim Revenue and Profits Up at Nichols

Nichols, the UK-based soft drinks group, has reported a 10.2% increase in revenue to £71.6 million and a 2.0% rise in profit before tax to £13.3 million for the half year ended 30 June 2019, compared to the corresponding period in the previous year. EBITDA increased by 9.7% to £15.3 million. To support the trading […]

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First Milk Announces Proposed Changes at Scottish Creameries

  First Milk Announces Proposed Changes at Scottish Creameries

First Milk, the UK dairy co-operative, has announced the commencement of employee consultation about proposed changes at its Scottish Creameries. The Scottish Creameries were put up for sale in April 2018 when First Milk announced that its Campbeltown and Arran Creameries were not core to its business strategy for the future.
Despite significant effort over the […]

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Enter Now – Start-up Innovation Challenge For Food and Beverage Ingredients Open

  Enter Now – Start-up Innovation Challenge For Food and Beverage Ingredients Open

At this year’s Food ingredients Europe & Ni, trade show organiser Fi Global will highlight the most exciting new F&B start-ups in the Start-up Innovation Challenge. Entrants to the competition are invited to apply now, with the winners receiving business advice and coaching from top industry experts.
Innovation is the secret of success in the F&B […]

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Kelsen Group Being Sold For $300 Million

  Kelsen Group Being Sold For $300 Million

CTH, a Belgian holding company affiliated to the Ferrero Group, has agreed to acquire Kelsen Group, the Danish biscuit producer, from US-based Campbell Soup Company for $300 million. The proceeds from the divestiture will allow Campbell to reduce debt.
Based in Nørre Snede, Denmark, Kelsen is a producer of quality baked snacks whose primary brands include […]

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Bidfood Expands its Network

  Bidfood Expands its Network

Bidfood, the UK foodservice wholesaler supplying fresh, frozen, ambient and non-food related products to customers in a wide range of sectors within the foodservice and catering industries, has announced the acquisition of Elite Fine Foods. This is the latest business to join Bidfood’s successful network of independent businesses trading alongside other companies in the delivered […]

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Nestlé Invents First 70% Dark Chocolate Made Entirely From Cocoa Fruit

  Nestlé Invents First 70% Dark Chocolate Made Entirely From Cocoa Fruit

Nestlé has announced it has created a unique chocolate made entirely from the cocoa fruit, using the beans and pulp as the only ingredients and therefore not adding any refined sugar. Nestlé plans to introduce the first product in Japan in the autumn of this year through its KitKat Chocolatory. Further products in other countries […]

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Always Coca-Cola – World’s Favourite Soft Drink Tops Brand Ranking

  Always Coca-Cola – World’s Favourite Soft Drink Tops Brand Ranking

American drinks giant, Coca-Cola, retains its position as the world’s most valuable soft drinks brand after recording a 19% increase in brand value to US$36.2 billion, according to the latest report by Brand Finance, the world’s leading independent brand valuation consultancy. The brand has further widened its lead, as second-placed Pepsi suffers an 8% drop […]

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Fi Europe & Ni 2019 – 3-5 December – Villepinte Parc des Expositions, Paris

  Fi Europe & Ni 2019 – 3-5 December – Villepinte Parc des Expositions, Paris

For more than 30 years Fi Europe & Ni (Natural ingredients) has been the world’s leading food and beverage ingredients sourcing platform. Its unique influence is underlined by the fact that more than 25 per cent of all annual food and beverage manufacturer ingredient procurement budgets are influenced by a visit to the show.
Fi Europe […]

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Karro Food Group Acquiring Young’s Seafood

  Karro Food Group Acquiring Young’s Seafood

Karro Food Group, the UK pork processor, has agreed to acquire Young’s Seafood, the leading seafood manufacturer in the UK, for an undisclosed price. With a turnover of £600 million and operating 12 manufacturing sites across the UK, Young’s Seafood provides a broad portfolio of chilled and frozen fish to Britain’s major retailers, restaurants and […]

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New Geographical Indication From the United Kingdom

  New Geographical Indication From the United Kingdom

The European Commission has approved the addition of ‘Ayrshire New Potatoes’/‘Ayrshire Earlies’ in the register of Protected Geographical Indication (PGI). The newly protected product is planted, grown and harvested in the county of Ayrshire in the South West of Scotland.
Ayrshire has been at the heart of the British potato industry since the cultivation of the crop was […]

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Potato Partnership Powers Success

  Potato Partnership Powers Success

Teagasc (Irish Agriculture and Food Development Authority) and IPM Potato Group (IPM) have been collaborating since the early 1970s when they first formed a partnership to breed new varieties of potatoes for the Irish and global markets. IPM and Teagasc have now signed a new fifteen year agreement continuing this successful partnership and collaboration.
Teagasc Director, […]

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Finalists Announced For 2019 Irish Food & Drink Business Awards

  Finalists Announced For 2019 Irish Food & Drink Business Awards

The finalists have been announced for the 2019 Irish Food & Drink Business Awards. The prestigious awards programme, which was first introduced last year, is the first of its kind on the island of Ireland in celebrating and promoting the best of the Irish food and drink manufacturing industry and the people behind the products.
The […]

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McCain Partners With Plant-based Chicken Nugget Alternative Start-up

  McCain Partners With Plant-based Chicken Nugget Alternative Start-up

McCain Foods, the global leader in frozen French fries, potato specialties and appetizers, has announced a new strategic partnership and lead investment in NUGGS, a New York-based start-up which has developed an innovative plant-based chicken nugget alternative.
The partnership combines NUGGS pioneering textured pea protein technology and breakthrough research & development process with McCain’s production and […]

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ABP Food Group Wins World’s Best Fillet Steak

  ABP Food Group Wins World’s Best Fillet Steak

ABP Food Group, the largest beef processor in Ireland and the UK, was the winner of the World’s Best Fillet Steak at the recent World Steak Challenge 2019, which took place in Dublin. The annual competition sees beef producing nations across the globe compete for these prestigious industry awards. ABP was the most successful Irish […]

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Baby Food Industry Needs Better Products and Clearer Labelling

  Baby Food Industry Needs Better Products and Clearer Labelling

Public Health England (PHE) has published an evidence review of commercially available baby foods and drinks aimed at children up to 36 months. The main findings of the report Foods and drinks aimed at infants and young children: evidence and opportunities for action show clear inconsistencies between national infant feeding advice and how some commercial […]

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Pea Plant Completion Marks First Phase of £80 Million UK Investment by Princes

  Pea Plant Completion Marks First Phase of £80 Million UK Investment by Princes

International food and drink group Princes, which is part of Mitsubishi Corporation, has completed the first phase of a planned £80 million investment in its Long Sutton site in Lincolnshire, England, with the opening of a new pea plant. The investment is Princes biggest ever capital investment. Long Sutton is the firm’s largest food production […]

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Arla UK 360 Farmers to Trial New 3D Imagery Systems With Automated Intelligence

  Arla UK 360 Farmers to Trial New 3D Imagery Systems With Automated Intelligence

3D imagery systems will be trialled by Arla UK 360 farmers to help them identify changes in each cow’s physical wellbeing, mobility and weight, before they are visible to the human eye. The technology, Herdvision, has been developed by Kingshay working in partnership with the Centre for Machine Vision in the Bristol Robotics Lab at […]

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Chinese Brands Claim Top 4 Positions in Brand Finance Spirits 50 Ranking

  Chinese Brands Claim Top 4 Positions in Brand Finance Spirits 50 Ranking

Chinese baijiu brand Moutai retains its status as the world’s most valuable spirits brand with an impressive 43% increase in brand value to US$30.5 billion, according to the latest report by Brand Finance, the world’s leading independent brand valuation consultancy.
As China’s most prestigious baijiu brand, Moutai has recorded healthy brand value growth since last year, a nod […]

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Newly Formed Burts Snacks Targets £100 Million Sales

  Newly Formed Burts Snacks Targets £100 Million Sales

Following its acquisition of Savoury & Sweet in December 2017, Burts Potato Chips has announced that it will now be known as Burts Snacks, highlighting the company’s commitment to becoming the UK’s leading producer of premium snacking products. Burts Snacks will continue to manufacture a range of crisps, popcorn, compression popped and flash fried products […]

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PPMA Group Industry Awards 2019 – Call for Entries – Deadline: 17 July

  PPMA Group Industry Awards 2019 – Call for Entries – Deadline: 17 July

PPMA Group has issued a ‘Final Call for Entries’ to the 2019 PPMA Group Industry Awards. All companies within the packaging and processing sector are invited to submit their FREE submission by the deadline of 17 July 2019.
Held at the National Conference Centre (NCC) on 1 October 2019, the Awards evening brings together more than […]

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Dairy Crest Rebrands as Saputo Dairy UK

  Dairy Crest Rebrands as Saputo Dairy UK

Following its acquisition by Saputo of Canada, Dairy Crest is changing its name to Saputo Dairy UK. The change of name reflects that Dairy Crest is now part of Saputo, one of the top ten dairy processors in the world. With the expansion of both the Davidstow Creamery in Cornwall and its functional ingredients business, […]

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Latest Short-term Outlook For Main EU Agricultural Sectors

  Latest Short-term Outlook For Main EU Agricultural Sectors

The latest agricultural short-term outlook report published by the European Commission shows in its main findings that EU exports of pork, beef, olive oil and dairy products are expected to continue increasing in 2019 with overall EU agricultural production also on the rise. The dairy sector sees sustained demand for EU dairy products and favourable weather conditions. In addition, global demand for […]

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Brigid Simmonds OBE to Step Down as Chief Executive of British Beer & Pub Association

  Brigid Simmonds OBE to Step Down as Chief Executive of British Beer & Pub Association

After 10 years as Chief Executive of the British Beer & Pub Association, Brigid Simmonds OBE (pictured) has decided to step down. Brigid is leaving to become Chairman of the new Betting and Gaming Council which will combine the Association of British Bookmakers with the Remote Gambling Association. She will step down on Friday 11 […]

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Froneri Enters Israel With Acquisition of Nestlé Ice Cream Business

  Froneri Enters Israel With Acquisition of Nestlé Ice Cream Business

Froneri has agreed to acquire the Noga Ice Creams, subject to regulatory approval. Noga is part of the Nestlé-owned business Osem Group and means Froneri will be entering the Israeli market for the first time. This milestone deal will now bring all of the Nestlé Europe, Middle East & North Africa ice cream businesses into […]

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DSM and Avril Collaborate to Bring Plant-based Protein to Food Industry

  DSM and Avril Collaborate to Bring Plant-based Protein to Food Industry

Royal DSM, a global science-based company active in health, nutrition and sustainable living, and Avril, an international French agro-industrial group, intend to work together to meet the growing consumer demand for plant-based proteins. Together, DSM and Avril will produce a unique protein based on non-genetically modified canola. It has excellent functional properties, a high nutritional […]

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International Food Conference Held in Wales For the First Time

  International Food Conference Held in Wales For the First Time

Academics from around the world congregated in Wales recently to discuss how food can help make society more hospitable. The International Conference on Culinary Arts and Sciences (ICCAS) was hosted by Cardiff Metropolitan University from 27th to 28th June 2019. It was the first time ICCAS has taken place in Wales with over 90 delegates attending from […]

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Müller to Close English Dairy

  Müller to Close English Dairy

Müller Milk & Ingredients (MMI), Britain’s largest producer of branded and private label fresh milk, cream, butter and ingredients products, has confirmed that it is to wind down production at its Foston dairy in Derbyshire with the potential loss of 223 permanent posts. The facility is likely to cease operations by the end of the […]

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Nestlé Research Means it’s ‘YES!’ For Recyclable Paper Packaging

  Nestlé Research Means it’s ‘YES!’ For Recyclable Paper Packaging

A technical breakthrough in confectionery packaging will see Nestlé’s ‘YES!’ snack bar range wrapped in recyclable paper for the first time. Nestlé experts, working at the group’s confectionery R&D centre in York, have found a way to use a recyclable paper wrapper in a high-speed ‘flow wrap cold seal’ packaging line. It represents a world […]

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Sustainability, Plastics and Brexit – Keynote Speakers Set to Inspire at PPMA Total Show 2019

  Sustainability, Plastics and Brexit – Keynote Speakers Set to Inspire at PPMA Total Show 2019

The PPMA Total Show 2019, which takes place at the NEC in Birmingham from 1 to 3 October, has announced a first-class, industry-responsive conference programme devised to focus on some of the key issues facing modern manufacturing, including Brexit, serialisation and packaging design, as well as tackling the debate surrounding sustainability and the circular economy.
The […]

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Dale Farm Delivers Double-digit Profit Growth and a Leading Milk Price

  Dale Farm Delivers Double-digit Profit Growth and a Leading Milk Price

Northern Ireland-based Dale Farm, the largest UK farmer-owned dairy co-operative, has announced significant increases in profit, return on capital employed (ROCE) and turnover as part of its financial results for the year ending March 2019. Group operating profit rose 18% to £14.3 million, profit before tax was up 19% to £12 million, with EBITDA up […]

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Arla Foods Agrees New Brand License For Middle East Cheese Business With Kraft Heinz

  Arla Foods Agrees New Brand License For Middle East Cheese Business With Kraft Heinz

Arla Foods has agreed a new brand license for the Middle East with Kraft Heinz. The agreement gives Arla the license to use the Kraft® brand for the next 12 years in the Middle East on the cheese portfolio recently acquired by Arla from Mondeléz International. The markets covered by the license agreement include Bahrain, […]

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Flavour Trends – On a Discovery Mission

  Flavour Trends – On a Discovery Mission

The search for something new, different, and exciting is leading flavour developments in food and beverage, supported by an ongoing interest in natural, clean label and healthier options. ‘New Discoveries’ emerges as the leader in Innova Market Insights’ Top Flavour Trends for 2019, as the company continuously analyzes global developments in food and beverage launch […]

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Orkla Acquires UK Specialty Fudge and Toffee Manufacturer

  Orkla Acquires UK Specialty Fudge and Toffee Manufacturer

Orkla Food Ingredients is to purchase British fudge and toffee manufacturer Confection by Design. Confection by Design offers fudge and toffee to ice cream manufacturers, bakeries and confectioners. Approximately two thirds of its portfolio is distributed by Orkla’s UK subsidiary Orchard Valley Foods. Most of the company’s sales are in the UK (80%), but Confection […]

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Latest Grocery Market Share Insights Reveal Modest Growth For UK Supermarkets

  Latest Grocery Market Share Insights Reveal Modest Growth For UK Supermarkets

The latest grocery market share figures, published by Kantar, show UK supermarket sales grew by 1.4% year on year during the 12 weeks to 16 June 2019. This marks a new milestone for the sector, which is celebrating a three-year trajectory of continuous growth dating back to July 2016.
The modest level of current growth is […]

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No More Frost With New Upgrade For GEAs A-Tec Spiral Freezers

  No More Frost With New Upgrade For GEAs A-Tec Spiral Freezers

The new GEA Static Pressure Control System (SPCS) is GEAs most recent service upgrade for older A-Tec spiral freezers. The simple upgrade instantly controls the air flow, reducing frost build-up which increases productivity and improves product quality. Saving time, energy, money and a four-month ROI are further advantages of the new SPCS.
All GEA A-Tec spiral freezers […]

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Charles Wells Changes Name to Wells & Co

  Charles Wells Changes Name to Wells & Co

Charles Wells, an independent, family-owned business with an estate of award-winning pubs in England, has announced that, in line with the start of construction of its new home in Bedford, it is changing its name to Wells & Co. The creation of its new home and the growing investment in its managed pubs are reflective […]

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Budweiser is Crowned World’s Most Valuable Beer Brand

  Budweiser is Crowned World’s Most Valuable Beer Brand

Budweiser has claimed the top spot as the world’s most valuable beer brand for the first time, overtaking long-standing leader Bud Light, according to the latest report by Brand Finance, the world’s leading independent brand valuation consultancy.
Budweiser’s brand value has increased 6% to US$7.5 billion, following the immense success of its global sponsorship campaign of the 2018 FIFA […]

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Starch Europe Welcomes Lantmännen-Reppe and Viresol as Members

  Starch Europe Welcomes Lantmännen-Reppe and Viresol as Members

Starch Europe, the trade association representing the European starch industry, has announced the addition of two new members, taking its total membership to 27 starch producers across Europe. The new members are Lantmännen-Reppe of Sweden and Viresol of Hungary.
“We are delighted to welcome two new members to Starch Europe,” says Jamie Fortescue, Managing Director of […]

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Mars to Acquire a Majority Stake in German Targeted Nutrition Business

  Mars to Acquire a Majority Stake in German Targeted Nutrition Business

US-based Mars has agreed to acquire a significant majority stake in foodspring, one of Europe’s leading and fastest growing premium brands in the functional food category. Based in Berlin, foodspring is a direct-to-consumer targeted nutrition company headed by its founders. On completion of the transaction, foodspring will remain a standalone business led by the founders […]

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Brexit Preparedness at Irish Food and Drink Firms Jumps to 93%

  Brexit Preparedness at Irish Food and Drink Firms Jumps to 93%

Three years since the UK voted to exit the European Union, Brexit preparedness is widespread amongst Ireland’s food and drinks companies at 93% (74% in 2018). However, firms are increasingly concerned by the cost implications of customs compliance and stockholding; potential weak links in logistics and many have halted investment plans due to the continued […]

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Launch of Apprenticeship Programme Brews Opportunity For Beer Industry in Scotland

  Launch of Apprenticeship Programme Brews Opportunity For Beer Industry in Scotland

A brewing Modern Apprenticeship, offering training in the art of beer production, has been announced, with backing from industry leadership and employers. Commissioned by Skills Development Scotland, the programme was developed by the National Skills Academy for Food and Drink, with extensive support from industry leadership body Scotland Food & Drink, and involvement from brewers […]

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Greene King Focuses on Sustainable Growth

  Greene King Focuses on Sustainable Growth

Greene King, the UK pub retailer and brewer, has reported a 1.8% rise in group revenue to £2.217 billion for the 52 weeks to 28 April 2019 as strong sales growth in the Pub Company and Brewing & Brands businesses offset reduced revenues from the planned rationalisation of the retail estate as the group continued […]

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Powering Trucks With Cow Manure

  Powering Trucks With Cow Manure

Cow manure can do a lot more than create wrinkly noses. It is poised to be pivotal in a biogas revolution and contribute to a fossil-free fuel future. Pioneering Arla Foods farmers are starting to make the most of their cow’s manure by turning it into biogas, which is now powering an Arla milk truck […]

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Business Growth Catalyst for Oakland Distribution Launch

  Business Growth Catalyst for Oakland Distribution Launch

Growth has triggered UK and Ireland specialist multi temperature supply chain operator and responsible family business, Oakland International, to launch a new division, Oakland Distribution. With a fleet ranging from 44T articulated vehicles and 26T rigid to vans, all with multi-temperature capability, Oakland now has complete supply chain control on a number of its delivery […]

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Solid Revenue Growth at Froneri as Significant Investment Programme Continues

  Solid Revenue Growth at Froneri as Significant Investment Programme Continues

Froneri, the international ice-cream manufacturer, has reported solid group revenue growth of 3.6% to €2.6 billion for year ended 31 December 2018. Created in 2016 as a joint-venture between PAI Partners and Nestlé, Froneri is the second largest manufacturer of ice cream in Europe, the third largest worldwide and the number one private label producer […]

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Where the Food and Beverage World Tastes Success – Fi Europe & Ni Returns to Paris

  Where the Food and Beverage World Tastes Success – Fi Europe & Ni Returns to Paris

This year, Food ingredients Europe & Natural ingredients will once again be the food industry’s epicentre over the course of three days. The Parc des Expositions Paris Nord Villepinte will become the number 1 platform where leading ingredient manufacturers establish numerous high-quality business connections. Trade visitors can expect a broad spectrum of products, concepts and […]

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A Gut Feeling About Body Fat

  A Gut Feeling About Body Fat

Research shows that loss of body fat causes the growth of the intestine and increases its capacity to absorb nutrients. This presents new approaches for weight management.
Researchers at Teagasc (Irish Agriculture and Food Development Authority) and the University of Aberdeen have found that the depletion of fat stores inside the body causes the growth of […]

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