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  • Change of Leadership at Edrington Edrington, the international premium spirits company, has announced that chief executive officer Ian Curle will retire in March 2019 after 15 years in that role. His successor will be Scott McCroskie, who is currently a member of the Edrington board and managing director of The Macallan. Ian Curle joined the business in 1986 through Edrington’s subsidiary [...]...
  • Guinness to Sponsor Six Nations Rugby The iconic global brand Guinness is to become the new title sponsor of the Six Nations, with the Championship to be known as the Guinness Six Nations from 2019. The Six Nations is one of the world’s best attended sports events and regularly attracts record TV and online audiences in the UK, France, Ireland, Italy [...]...
  • Mondelēz International Expands its Global Technical Center in Poland Mondelēz International has announced a new investment in its Global Technical Center in Wroclaw, Poland. Only 1.5 years after the center opening, the company invested a further $5 million, in addition to the initial $17 million investment, to expand the research and development activities beyond Chocolate and Bakery and serve Gum and Candy innovation. This state-of-the-art facility will now serve [...]...
  • Givaudan Launches a New Innovation Platform Givaudan, the global leader in flavours and fragrances, has launched MISTA, a new innovation platform for the food industry. More encompassing than an incubator or accelerator, MISTA is an optimiser, enabling start-ups and established corporations to optimise ideas, products, people and investments. Located in San Francisco, MISTA will open its physical premises in early 2019. With [...]...
  • Cargill Celebrates a Decade of Sustainability and Innovation in Ghana With Investment Plans and Farmer Support Cargill’s cocoa & chocolate business has commemorated its 10th anniversary in Ghana by announcing plans for future investment and farmer support. Cargill’s 2022 roadmap for Ghana includes: * 80,000 farmers receiving capacity building support and facilitated access to inputs through our Farmer Field Schools * The provision of one million new cocoa seedlings for rehabilitation of old farms [...]...

Vandemoortele to Extend Margarines and Fats Business

  Vandemoortele to Extend Margarines and Fats Business

Belgium-based Vandemoortele Group, which specialises in the production of frozen bakery products and margarines and fats, is acquiring the margarine and frying fats activities of Dutch company Van Dijk Food Products, part of the EFS Group, for an undisclosed sum.
Located in Zeewolde, the margarine and frying fats business of Van Dijk Food Products, achieved a […]

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Austrian Dairy Merger

  Austrian Dairy Merger

Austria’s largest and fourth biggest dairy groups, Berglandmilch and Tirol Milch respectively, are planning to merge. The deal is subject to agreement by the two companies’ 16,000 dairy farmer members and approval by the competition authority.

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Emmi Strengthens Position in Swiss Cheese

  Emmi Strengthens Position in Swiss Cheese

Emmi has consolidated its position within the Swiss cheese market following approval of its proposed acquisition of Fromalp by the competition authority. Fromalp, which specialises in the manufacture and distribution of typical Swiss cheese products, employed 150 people in 2009 and generated sales of approximately SFr100m (Eur70m), with exports accounting for 40%.
Emmi expects that the […]

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Aryzta Makes Strategic Acquisitions Worth $1.08b

  Aryzta Makes Strategic Acquisitions Worth $1.08b

Switzerland-based speciality bakery group Aryzta has made two strategic acquisitions to significantly strengthen its position in Europe, North America and in other international markets. Aryzta has acquired Fresh Start Bakeries (incorporating Pennant Food and Sweet Life) and Great Kitchens for $900m and $180m respectively.
Operating 29 specialist production facilities across the US, Canada, Germany, Poland, Sweden, […]

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Dairy Crest Reduces stake in Wexford Creamery

Dairy Crest has reduced its stake in its Irish dairy joint venture, Wexford Creamery, from 80% to 30%. Wexford Milk Producers, Dairy Crest’s partner in Wexford Creamery, has increased its stake from 20% to 70% after the approval of its farmer members for the transaction.
The deal is in line with Dairy Crest’s strategy of concentrating […]

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Danone Bolsters US Medical Nutrition Business

  Danone Bolsters US Medical Nutrition Business

Danone is acquiring Medical Nutrition USA for $ 62m in cash. MNI introduced the concept of liquid protein supplements for elderly people in the US long-term care market in 2003. The company’s flagship range of products now addresses protein supplementation and wound care support. MNI, which had revenue of $16m last year, will become part […]

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Valio Opens New €40m Butter Plant in Finland

  Valio Opens New €40m Butter Plant in Finland

Finnish dairy group Valio has officially opened a new Eur40m butter facility at its plant at Seinajoki. According to Valio, the new 100,000 tons per annum production unit is the most modern of its type in the world.
Built in 1979, the Seinajoki plant produces all of Valio’s butter and spreads and also houses a powder […]

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Carlsberg to Increase Stake in Chinese Brewer

  Carlsberg to Increase Stake in Chinese Brewer

Carlsberg is increasing its shareholding in Chongqing Brewery Co from 17.5% to 29.7%. The purchase price for the 12.25% stake in CBC is approximately RMB2.385b (DKr 2.1b) in total. With 15 breweries in China, CBC is market leader in the Chongqing province and operates in the surrounding provinces of Sichuan, Guizhou, Guangxi and Hunan and […]

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Private Equity Group Grabs Plum Baby

Darwin Private Equity has completed the acquisition of UK organic baby food business Plum Baby for £10m. Launched in 2006 by Susie Willis, Plum has pioneered the premium baby food sector in the UK and is on track to achieve retail turnover of £15m in 2010.
Its range of over 50 products, created with the ethos […]

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R&R Ice Cream Increases Presence in Mainland Europe

  R&R Ice Cream Increases Presence in Mainland Europe

R&R Ice Cream, with operations in the UK and Germany, is expanding its international business with the proposed acquisition of Rolland, the third largest ice cream manufacturer in France, for an undisclosed sum. Producing private label, branded and licensed products, Rolland produces about 65m litres of ice cream a year with roughly 25% exported to […]

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Sodiaal Closes in on Acquisition of Entremont Alliance

French dairy group Sodiaal has reached a preliminary agreement to acquire Entremont Alliance, its loss making rival. The deal would create the fourth largest dairy group in Europe with combined annual sales of more than Eur4b and processing over 5b litres of milk annually. Sodiaal owns French milk brand Candia and also has a joint […]

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Raisio Launches Benecol Bread in Romania

Finnish food group Raisio has introduced Dobrogea Benecol, a cholesterol lowering bread, in the Romanian market. Launched by Raisio’s Romanian partner Doprogea Grup, Benecol bread is the first cholesterol-lowering foodstuff in Romania. Dobrogea Grup is a leading company in the milling and bakery industry in Romania and had net sales of Eur60m in 2009.
The launch […]

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Danone and Unimilk to Create Leading Dairy Business in Russia and the CIS

  Danone and Unimilk to Create Leading Dairy Business in Russia and the CIS

Global food giant Danone is to merge its fresh dairy products business in the CIS area with Unimilk, Russia’s second largest manufacturer of dairy products and baby food. Established in 2002, Unimilk operates 28 production plants in Russia, Ukraine and Belarus and has 14,000 employees. Unimilk’s sales in 2009 amounted to Eur1b (up 7% on […]

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Cognac Fortifies Remy Cointreau

  Cognac Fortifies Remy Cointreau

Helped by a strong performance from its cognac division, French drinks group Remy Cointreau has reported a 7.2% organic growth (2.2% on a published basis) in operating profit to Eur140m for the year ended March 31st 2010 on turnover of Eur807.8m, up by 12% organically (13.1% published). Group organic operating profit margin fell from 19.2% […]

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Britvic Completes €237m French Acquisition

  Britvic Completes €237m French Acquisition

In line with its ambitions to expand internationally, UK-based Britvic has acquired Fruite, an independent French soft drinks producer with market leading positions in syrups and ambient juice with brands such as Teisseire and Moulin de Valdonne, Fruite and Pressade, for Eur237m.
The acquisition gives Britvic entry to the attractive Eur12.5b French soft drinks market and […]

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Ardo Acquires Ploegmakers Food Ingredients

Ardo Group, the Belgium-based frozen fruit and vegetables producer, has acquired Dutch company Ploegmakers Food Ingredients for an undisclosed price. Established in 1963, Ploegmakers Food Ingredients specialises in processing vegetables, herbs, potatoes and fruit. Its products are supplied as fresh-frozen or refrigerated semi-manufactured products to be used in soups, sauces, snacks, ready meals, salads, bakery […]

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Dairy Crest Delivers on Key Objectives

Dairy Crest is continuing to reap the benefits of its development strategy of brand investment, cost reduction and cash generation.
Dairy Crest has reported a slight decline in revenue from £1.648 billion to £1.63 billion for the year ended March 31st 2010, as strong sales growth of key brands and liquid milk to retailers, which together […]

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Flat Sales and Underlying Profit at Northern Foods

UK convenience food group Northern Foods has reported flat full year underlying profit of £39.2m on revenue slightly ahead from £975.2m to £977.0m. After restructuring items of £26.6m, primarily reflecting the closure of the Hull ready meals facility following the loss of the site’s anchor customer, and the impairment arising from the group’s Swansea site, […]

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Kerry Ingredients & Flavours Reflects Customer and Market Demand at IFFA 2010

  Kerry Ingredients & Flavours Reflects Customer and Market Demand at IFFA 2010

At IFFA 2010, Europe’s leading fair for the meat industry, Kerry will exhibit a range of integrated solutions concepts on stand G81 in Hall 4.1. These will demonstrate how Kerry’s unique integration of technologies, application capabilities and product portfolio can help producers of meat products create consumer-preferred products faster and more cost-effectively, compared with the traditional […]

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AG Barr Sparkles as it Breaks £200 Million Sales Barrier

Having broken through the £200 million sales barrier and lifted profits by 20% while significantly outperforming the UK soft drinks market in its 2009 financial year, Glasgow-based AG Barr has now commenced a £10 million expansion programme at its Cumbernauld site in Scotland.
According to AG Barr, the UK soft drinks market, in contrast to the […]

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£320 Million Capital Investment by UK Dairy Processors

Although 2009 was a tough year for UK dairy processors, the market fundamentals remain sound and reflecting this confidence in the long-term outlook, capital investment projects worth over £320 million are currently ongoing or just recently completed within the industry.
Encompassing liquid milk, cheese, yoghurts and chilled desserts, yellow fats (butter, spreads and margarine) and cream, […]

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Ardo UK Consolidates With £16 Million Development

Ardo UK is now prepared to meet the growing consumer demand for frozen foods while also improving cost competitiveness after consolidating its two UK operations into a single site at Charing in Kent, following investment of £16 million.
Well known for its Ardo and Shearway brands, Ardo UK specialises in producing and packaging frozen fruit and […]

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Arla Foods Invests For Growth

  Arla Foods Invests For Growth

Having been forced by the severe economic environment in 2009 to make cuts across its business, Arla Foods has substantially increased its investment budget for 2010 to DKr1.84 billion (Eur250 million) as the Scandinavian dairy giant again focuses on expansion.
In addition to marketing expenditure to drive sales growth, the investment budget has earmarked funds for […]

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