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The latest news in the world of business, mergers and acquisitions, partnerships, and companies financial results are a mine of information on successful business strategies in the Asia Pacific region.

Mondelez in fresh tax evasion probe in India

Mondelez International subsidiary Cadbury India is under investigation for alleged evasion of excise duties by authorities in India.

Goodman Fielder ups bakery prices thanks to better retail relations

Australian food firm Goodman Fielder said that thanks to better dialogue with its retail partners, agreed price increases across its bakery arm will help boost business further.

Nestlé faces Pfizer Nutrition brand 'blackout' in Australia after Mexican setback

The Australian Competition and Consumer Commission (ACCC) yesterday approved Nestlé’s €9bn ($11.59bn) acquisition of infant nutrition business Pfizer Nutrition.

Rimfrost taps Aker's Australian krill patents

Olympic Seafood-owned krill subsidiary Rimfrost has negotiated a long-term, non-exclusive licencing agreement with fellow Norwegian firm Aker BioMarine to secure access to the krill major's patent portfolio in Australia.

Massey planning agri-research in new Sino-NZ business park

A delegation of municipal staff from south Beijing have returned home after seeking New Zealand’s expertise in food production ahead of the completion of a Sino-Kiwi agricultural park in the...

GrainCorp rejects ADM’s takeover bid as full-year profits soar

Australian commodity giant GrainCorp rejected ADM’s $2.8bn takeover bid stating it ‘materially undervalues’ the business.

Nestlé invests big in R&D centre for India

Understanding India’s consumer food trends is never an easy job, and with this in mind, Nestlé has opened its first research and development centre in the country. It will use...

Kellogg-Wilmar JV will dive into immediate snacks opportunity

Kellogg and Wilmar’s 50:50 joint venture will dive into immediate opportunities in China’s developed snack market; using Pringles as its springboard, a Kellogg executive has said.

News in brief

HanAll to distribute AB-Life in South Korea

AB-Biotics has signed an agreement with HanAll BioPharma to distribute its cholesterol-lowering probiotic in Korea. The deal will give the Korean company a 10-year licence to exclusively distribute the AB-Life...

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Yakult and Danone in talks in Japan

Reuters reports that Japanese drink maker Yakult Honsha has confirmed it has agreed with Danone SA to continue talks on the possibility of the French food company to take a...

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Ridley takes on Australian BPL meat renderer

One of Australia’s leading animal nutrients suppliers, Ridley Corporation, has announced it will acquire BPL, Victoria’s largest red meat and poultry renderer for AU$77m. 

DSM buys Fortitech for €495m; “We are done for awhile”

Rampant nutrition business acquirer, Royal DSM, has splashed the cash for the ninth time in two years – this time to the tune of €495m ($634m) on US-based multinational nutrient...

‘Weak global chocolate consumption’ hurts Petra Foods

Singapore-based Petra Foods has posted sales and profit declines in the third quarter (Q3) as it complained of weak global demand for chocolate that halved profits in its cocoa ingredients...

Emerging markets boost Symrise profits for Q3

‘Above average’ growth in emerging markets has led to a strong increase in sales and profits for flavour and fragrance giant Symrise.

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Aker secures four krill ‘innovation patents’ in Australia

Aker BioMarine has announced that its claims covering krill oil compositions on sale in Australia have been awarded “innovation patents”. 

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COMSTECH seminar aimed at food safety

COMSTECH is holding a seminar on food production and processing technologies aimed at bring different industry voices together to optimise food safety.

Q3 wrap: Nutrition stars for DSM and Naturex

Royal DSM saw Q3 sales slip 7% to €2.3bn across all divisions with polymer intermediates performing worst, but as has been the case in recent quarters, the Dutch firm’s nutrition...

Deal paves the way for Fonterra’s new China “hub”

Fonterra has announced concrete plans to step up milk production in China after the New Zealand dairy giant signed an investment agreement to develop two more large farms in Hebei...

Chinese authorities approve Nestlé’s Pfizer Nutrition acquisition

Nestlé's $11.85bn (€9bn) acquisition of Pfizer Nutrition has been given the go-ahead by anti-trust authorities in China – taking the “strategic” takeover a step closer to completion.

Weetabix China: Challenges to a Bright future

Bright Food closed its purchase of Weetabix today, but one analyst has reiterated the challenge it will face driving the iconic cereal brand in China.

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Watchdog pokes fun at Toblerone’s labelling

Claims on a Toblerone label have met with the wrath of Australia’s consumer watchdog, Choice, to the point that the chocolate bar is the only food to make it into...

Chinese farm agreement will complete dairy ‘hub’ - Fonterra

Fonterra has signed an investment agreement with Chinese authorities to develop two more large-scale dairy farms – the latest step in the firm’s strategy to build a sustainable fresh local...

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Huaxia Dairy Farm receives US50m injection

Reuters has reported that Asia buyout firm Olympus Capital is leading an investor group that has injected US$50m to expand China's Huaxia Dairy Farm, which produces the raw milk that...

Premier agrees sale of pickles and sauces business to Mizkan Group

Premier Foods has announced the £92.5 sale of its sweet pickles and table sauces business to Japanese firm Mizkan Group in a move that puts the firm past its target...

Sealed Air sells Diversey Japan for $377m

Sealed Air has sold Diversey Japan to The Carlyle Group for ¥30bn (US$377m) to focus on higher growth markets.

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