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La Doria approves its 2017 accounts

Italian tomato processor La Doria has approved its 2017 Statutory annual accounts during an annual general meeting held in March. 
La Doria Financial Results

Starbucks to close more stores in bid to regain momentum

US coffee chain Starbucks has announced three strategic initiatives to regain revenue and earnings momentum, including the planned closure of around 150 under-performing stores in the US.

Starbucks Coffee

Saputo looks for Mexico dairy trade advantage in tariffs war

Canada’s leading dairy company Saputo is looking to make gains in the Mexican market following the tit-for-tat tariffs hike imposed by Mexico on US companies.

Cheese Saputo

Guan Chong's profit keeps rising

Malaysian cocoa grinder and chocolate maker Guan Chong Bhd reported a huge rise in net profit for its first quarter ended March 31, 2018, due to improved margin and sales volumes.

Cocoa Financial Results

Sime Darby warns over impact of minimum wage rise

A proposed increase in the minimum wage of oil palm plantation workers could have a negative effect on the industry, leading Malaysian palm oil producer Sime Darby Plantation Bhd said.

Sime Darby Palm Oil

Boustead Holdings’ palm oil business reports lower profit

Malaysian conglomerate Boustead Holdings Bhd reported a drop in first-quarter pre-tax profit at its plantation division, as lower palm product prices impacted the bottom line.

Boustead Financial Results
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Investments

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Chinese state will acquire Polish apple processor

SDIC Zhonglu Fruit Juice Co Ltd, a state-owned company, will buy Appol of Poland for PLN68.5 million (USD18.4 mln)

Apple Juice China

Swiss company to invest in Guatemalan essential oil supplier

Ingredients and flavours house Firmenich has signed an agreement with the Guatemalan cardamom house Nelixia to invest in its essential oil plant.

Cardamom Essential Oils

Chilean dried plum processor to expand capacity

GoodValley, which produces around 4,000 tonnes of finished dried plums annually, is expanding its plant to allow an increase in production of 2,000-3,000 tonnes.

Prunes Chile

Moy Park steps up investments in UK poultry sector

Moy Park, one of Europe’s largest poultry processors, has announced an investment of £18 million across a number of its sites in Lincolnshire, UK.

Poultry United Kingdom

Car industry shareholder moves into soft drinks sector

FFP, a listed company owned by the Peugeot family and one of the three main shareholders of PSA Peugeot Citroën Group, has committed to co-invest an additional USD120 million alongside JAB Holding of Germany, to support the Group's expansion strategy in the beverage sector.

Carbonates Luxembourg

Embattled food and retail chain's debts are double its worth

The total value of the 140 companies that comprise Croatia's Agrokor food and supermarket business is estimated at EUR3.47 billion (USD4.1 bln), the company has announced.

Deals M&A
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M & A

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Chinese state will acquire Polish apple processor

SDIC Zhonglu Fruit Juice Co Ltd, a state-owned company, will buy Appol of Poland for PLN68.5 million (USD18.4 mln)

Apple Juice China

Justice dept. asked to probe Tyson Foods purchase of organic poultry firm

Organic industry watchdog Cornucopia has asked the US Department of Justice (DOJ) to scrutinize Tyson Foods, Inc.’s acquisition of Tecumseh Poultry, LLC for antitrust concerns as the deal makes Tyson the nation’s leading producer of organic branded chicken.

Poultry United States

Canada's Olymel pounces for rival poultry company

Canadian poultry company Olymel has acquired local peer Pinty’s Delicious Foods Inc. - an Ontario poultry slaughtering and processing company that specialises in fully cooked products.

Poultry Canada

Car industry shareholder moves into soft drinks sector

FFP, a listed company owned by the Peugeot family and one of the three main shareholders of PSA Peugeot Citroën Group, has committed to co-invest an additional USD120 million alongside JAB Holding of Germany, to support the Group's expansion strategy in the beverage sector.

Carbonates Luxembourg

Embattled food and retail chain's debts are double its worth

The total value of the 140 companies that comprise Croatia's Agrokor food and supermarket business is estimated at EUR3.47 billion (USD4.1 bln), the company has announced.

Deals M&A

Prodalim Group acquires and rebuilds old Wild juice site in Rotterdam

The latest acquisition by Prodalim Group, one of the largest blenders and producers of juice concentrates, is of the former Wild blending site in the port of Rotterdam. This will be the group’s fourth wholly owned blending/compounding site, after Florida, Valencia, and Livorno. Prodalim also owns a citrus processing plant in Brazil.

M&A Investments
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Operations Explore this Topic

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Ingredients firm AAK targets Gulf region

Swedish ingredients firm AarhusKarlshamn (AAK) has signed an exclusive distribution agreement with Food Specialities Limited (FSL), a leading food and beverage ingredient supplier in the GCC (Gulf Cooperation Council) region.

AarhusKarlshamn Oils & Oilseeds

Chinese state will acquire Polish apple processor

SDIC Zhonglu Fruit Juice Co Ltd, a state-owned company, will buy Appol of Poland for PLN68.5 million (USD18.4 mln)

Apple Juice China

Starbucks to close more stores in bid to regain momentum

US coffee chain Starbucks has announced three strategic initiatives to regain revenue and earnings momentum, including the planned closure of around 150 under-performing stores in the US.

Starbucks Coffee

Swiss company to invest in Guatemalan essential oil supplier

Ingredients and flavours house Firmenich has signed an agreement with the Guatemalan cardamom house Nelixia to invest in its essential oil plant.

Cardamom Essential Oils

Skipjack price to lower amid low storage capacity

Skipjack raw material prices landed in Bangkok are expected to remain at the current levels for July, after two consecutive months of drops. The demand for finished products decreased in the last months as raw material prices rose up to USD1,800/tonne in May, according to industry sources met at the INFOFISH tuna conference held in Bangkok earlier this month.

Asia Pacific Thailand

Communication key to raising tomato consumption, say experts

Strengthening the tomato industry’s communication strategy through online and offline promotion was highlighted as the main booster for consumption of processed tomato in a sluggish market at the 13th World Processing Tomato Congress.

Canned Tomatoes Tomato Ketchup
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People Explore this Topic

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Nomikos becomes president of main tomato processing body

Roger Scriven ends his two-year leading role at the World Processing Tomato Council (WPTC), with former vice-president Dimitris Nomikos taking over duties.

International People

Chilean dried plum processor to expand capacity

GoodValley, which produces around 4,000 tonnes of finished dried plums annually, is expanding its plant to allow an increase in production of 2,000-3,000 tonnes.

Prunes Chile

Starbucks chairman Howard Schultz to step down

US coffee giant Starbucks Corporation has announced that Howard Schultz is stepping down as executive chairman and member of the board of directors, effective June 26.

Starbucks People

AJC maker’s financial officer fined for non-disclosure

The former chief financial officer (CFO) of New Lakeside Holdings, an AJC processor incorporated in Singapore, has been has been fined SGD80,000 (USD59,600) and banned from holding any company directorship for three years for his role in the company's breach of the Singapore Exchange's disclosure rules.

Apple Juice Legal

Prune-inspired chocolates launched for Father's Day

World renowned, award winning chocolatier Paul A Young has created a new chocolate featuring US prunes in celebration of Father’s Day.

Prunes United States

Romanian fund platform to invest in honey processor

The money from the Romanian fund company Roca will not only secure Tremot Dobre si Fii’s continuity but also its expansion plan in the European retail sector.

Investments Romania
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