European Business News – Week ending December 10, 2010

 Breaking News
  • Ornua Delivers Record Revenue Ornua, Ireland’s largest exporter of Irish dairy products which supplies to over 110 countries worldwide, has reported record revenue of €2.1 billion for the year ended 30 December 2017. It marks the first year of Ornua’s new five-year growth plan, ‘Ornua 2021’, which positions the business as a leading global dairy organisation that delivers results [...]...
  • Danish Crown Becomes European Market Leader in Pepperoni Toppings For Pizzas Danish Crown has acquired the Danish pepperoni giant DK-Foods to become the European market leader in pepperoni toppings for pizzas. DK-Foods will operate as a separate business unit under Danish Crown’s subsidiary Tulip Food Company and will spearhead the group’s global focus on pizza toppings. Pizza is the favourite choice of fast food in Denmark, and [...]...
  • Iceland Seafood International Acquires Oceanpath Iceland Seafood International is acquiring Oceanpath Group, the leading fresh fish company in Ireland owning the iconic Dunn’s of Dublin brand, which has been operating since 1822. The acquisition marks a significant step in Iceland Seafood International’s strategy of delivering strong organic growth combined with strategic acquisitions of first rate seafood companies into the group. Iceland [...]...
  • KHS Presents Innovative Block Systems For the Sensitive Range Yoghurt is no longer spooned out of the pot but drunk. Breakfast is no longer just eaten at the kitchen table but also on the hoof. And it should all be as healthy and sustainable as possible. This is one of the reasons why the demand for smoothies, milk and dairy products is steadily growing. [...]...
  • MOGUNTIA Establishing New Future-oriented IT Infrastructure With Infor Infor, a leading provider of industry-specific cloud applications, has announced that MOGUNTIA FOOD GROUP, a spice producer focusing on meat processing based in Basel, Switzerland, has decided to introduce Infor’s Food & Beverage suite in the cloud to consolidate its IT infrastructure. This will help enable MOGUNTIA to adhere to customary certifications more efficiently and [...]...

European Business News – Week ending December 10, 2010

December 10
14:07 2010

Food processors are continuing to face confusion and difficulties regarding the health claims which can be made for specific functional food products. Last week, Danone called upon the European Food Safety Authority (EFSA), which regulates this area, to amend the way in which it evaluates the scientific evidence upon which health claims are based. About 80% of health claims were rejected by EFSA during 2010.

According to some probiotic food manufacturers, EFSA is demanding that processors are clear and precise about the claims that they are making but yet the regulator’s own guidelines are far from clear and precise.

As the lines between the food and pharmaceutical industries become increasingly blurred and with ‘health and wellness’ two of the most important consumer concerns, it is essential that this matter is resolved quickly.

Indeed, a report, just published by the European Commission and the OECD, has revealed that over half of the population in the EU is now overweight or obese, which has serious implications for health and the health systems in Member States. Some would argue that the food industry has contributed to the obesity problem. Entitled ‘Health at a Glance: Europe 2010’, the report serves to highlight the fundamental link between nutrition and health.

Spirits & Wine

Consolidation within the international spirits and wine industry is expected to accelerate following the decision by Fortune Brands to spin off its Home & Security and Golf businesses to concentrate on premium spirits. A streamlined Fortune Brands will be focused on its Beam Global Spirits & Wine unit, which has annual sales of $2.5 billion and is the largest US-based spirits company. It is the world leader in the growing bourbon category, with its Jim Beam, Maker’s Mark and Knob Creek brands. Other global brands include Courvoisier cognac, Canadian Club whisky, Laphroaig and Teacher’s Scotch whisky, and Sauza tequila.

Although the fourth largest premium spirits business in the world, Beam Global is a long way behind leaders Diageo and Pernod Ricard, and is likely to become an acquisition or merger target.


A couple of weeks after the death of its founder, Bernard Matthews, Britain’s largest turkey processor, Bernard Matthews Farms, was again in the news by winning the Institute for Turnaround Europe’s Top Turnaround Award 2010 for a private company. The group is mid-way through a four year rehabilitation programme as it seeks to recover from the adverse financial impact of an outbreak of avian flu in early 2007.

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