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.
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 probiotic across the country.
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 bigger stake in Yakult.
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.
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 blending giant, Fortitech (€212m/$270m annual turnover).
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 division.
COMSTECH is holding a seminar on food production and processing technologies aimed at bring different industry voices together to optimise food safety.
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 cluster held firm with 1% organic growth in difficult economic times.
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.
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 province.
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 the 2012 Choice Shonky Awards.
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 milk supply in the country.
