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European Business News – Week ending December 10, 2010

 Breaking News
  • HKScan Strengthens its Meals Offering With Investment in Estonia HKScan, the leading Nordic food company, plans to invest in its Rakvere unit in Estonia. The €8 million investment will go towards modernising the unit’s frying department, including the expansion of the building and the installation of new cooking and packaging lines enabling implementation of new technologies and packaging solutions. Construction is to commence in [...]...
  • Food and Drink is at the Heart of the UK’s Largest Packaging Show Packaging Innovations, Empack and Label&Print returns to Birmingham’s NEC on 28 February-1 March 2018, and is set to be the most innovative show to date. With over 290 exhibitors already signed up, the UK’s largest annual event for the entire packaging supply chain will feature the latest industry innovations and technologies, alongside a major free-to-attend [...]...
  • AGRO Merchants Group Acquires Grocontinental AGRO Merchants Group, a global leader in cold storage and logistics solutions, announced today the acquisition of UK-based Grocontinental Limited. This transaction reinforces AGRO’s position as the leading cold storage and logistics provider in the United Kingdom and Ireland, deepens its commodity expertise, and substantially enhances its value-added service offerings for customers. David Grocott and Linda Grocott, third generation owners of [...]...
  • Trade Fair and More – The Event and Congress Programme For Anuga FoodTec 2018 Resource efficiency will be the primary focus of Anuga FoodTec 2018, the leading international supplier fair for the food and beverage industry, which will be held in Cologne, Germany from 20 to 23 March 2018. Around 1,700 suppliers from more than 50 countries will be presenting their new products for the production and packing of [...]...
  • TINE to Invest €77 Million in New Jarlsberg Plant in Ireland TINE, Norway’s largest farmer-owned dairy co-operative, is to invest €77 million in a dairy with the capacity to produce 20,000 tonnes of Jarlsberg cheese a year. The goal is to secure and strengthen Jarlsberg sales outside of Norway as export supports are phased out in 2020. This will make export of Jarlsberg from Norway unprofitable. “Jarlsberg [...]...

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.

Turnaround

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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