The success of coconut water, which surged from zero in 2006 to an almost US$1 billion business in North America and Europe by 2013, is just the first step in a massive trend, according to global nutrition business analysts New Nutrition ...
Tags: Agriculture, Food
Land O'Lakes, Inc., today announced record annual sales of $14.2 billion, up 4.4 percent from the prior year, and record net earnings of almost $306 million, a 27 percent increase over the prior year. The strong 2013 results continue a ...
Tags: Land O'lakes, Annual Sales
Royal DSM, the Life Sciences and Materials Sciences company, reported a second quarter EBITDA of €345 million compared to €290 million in Q2 2012 and €311 million in Q1 2013. The improvement compared to Q2 2012 was realized ...
Royal DSM, a life sciences and materials sciences firm based in the Netherlands, c, a New Zealand based producer of nutritional products for both human and animal markets, for an undisclosed amount. Unitech, established in 1970, is ...
South Africa-based Aspen Pharmacare has agreed to acquire Nestlé’s infant nutrition businesses in Australia and South Africa for $215m, as part of its efforts to strengthen its presence in Australia, Latin America and ...
Tags: Aspen, Nestle, Infant Nutrition
US agribusiness firm Cargill has reported that its net earnings declined by 42% for the third quarter of 2013 to $445m, compared with $766m in the same period of 2012 due to severe US drought that affected the company's meat processing ...
Tags: Cargill, Net Earnings
The food industry’s biggest ever takeover was announced over the past month with the sale of Heinz to a consortium led by the sage of Omaha, Warren Buffett, and Brazilian private equity specialist Jorge Lemann’s 3G Capital group ...
Global food group Nestle said 2013 looks every bit as "challenging" as 2012, a year when profits increased but underlying sales growth slowed. The Swiss food giant reported a 11.8% increase in earnings of CHF10.61bn (US$12.02bn) in 2012. ...
Cargill is to quit the vegetable oil business in Romania in a bid to develop its agricultural operations in the country. The US agribusiness giant has agreed to sell assets that include the Untdelemn de la Bunica and Olpo to Expur, part ...
Tags: Cargill, Oil Brands, Sofiproteol
There were, despite continued economic uncertainty in many Western markets and concerns over slowing growth in the East, signs that M&A activity rebounded in the food sector this year. Data for the whole of 2012 has not yet been published ...
Tags: European M&A advisors, food sector, Food
Nestle has extended the remit of Luis Cantarell, head of its health science division, to include the oversight of its nutrition arm. The move follows the exit of Kurt Schmidt, deputy EVP in charge of Nestle Nutrition, who is leaving the ...
Tags: Nestle, Luis Cantarell, health science division, nutrition
Arla Foods has announced a deal to supply Chinese infant formula company Biosteme. The Nordic dairy giant will supply powder to Biosteme from a facility in Denmark for ten years. The deal could also see both companies finance upgrade work ...
Tags: baby milk, dairy giant, premium infant nutrition market
Swiss food company Nestlé's $11.85bn deal to acquire Pfizer's infant nutrition business has received approval from the Chinese Ministry of Commerce, a move which brings the company closer to completing the acquisition. ...
Tags: infant nutrition business, anti-trust bodies, baby food market
The Competition Commission of India (CCI) has approved Nestlé's proposed acquisition of Pfizer Nutrition business. CCI said that considering the instance that Pfizer is not involved in the Indian nutrition marketplace, it is not ...
Tags: acquisition, nutrition marketplace, business of nutrition
Nestlé has completed the $11.85bn acquisition of Pfizer Nutrition, following the conclusion of the regulatory process in most markets. Pfizer Nutrition complements Nestlé's existing portfolio with brands in key segments and ...
Tags: Nestlé, acquisition, Pfizer Nutrition, infant cereal