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Wessanen CFO steps down after accounting scrutiny

The chief financial officer of health food and supplement group Wessanen is to stand down following an investigation into the balance sheet that started in August 2003, the Dutch company...

Solbar ramps up expansion

Israeli soy processor Solbar Industries could open a facility in the US to bring production closer to its growing customer base there.

Raisio sells chemicals unit to fund growth in health

Finland's Raisio Group will sell its chemicals business to Ciba Specialty Chemicals it said today, paving the way towards a new health-driven strategy in its food units, writes Dominique Patton.

BASF optimistic about '04 outlook

German chemicals giant BASF has beaten its own sales and earnings forecasts for 2003, prompting chairman Jurgen Hambrecht to suggest that the sector may be due for something of a...

Gumlink unveils vitamin-enriched chewing gum

Danish chewing gum maker Gumlink says it has developed a world-first: gum that can be enriched with vitamins.

AOBO outlines agressive expansion strategy

Chinese soy protein producer American Oriental Bioengineering said last week that will achieve record profits from sales of its beverage and soybean protein peptides this year and is on the...

Infant nutrition sector expecting acquisitions

Dutch infant nutrition company Numico could be interested in buying Danone's baby food business, suggest press reports, heralding increasing consolidation in the sector.

Rhodia completes ingredients sale to Danisco

Chemicals group Rhodia signed off the sale of its food ingredients business to ingredients giant Danisco today, in a deal worth €320 million.

Lipid Nutrition defends CLA manufacturing patent

Loders Croklaan specialty fats unit Lipid Nutrition has settled a patent dispute with Norwegian licensing company Natural, defending the rights to its manufacturing process for CLA, the leading product in...

Nutritech launches activated barley

Swedish company Nutritech International has developed a range of health foods to showcase its new organic activated barley, which has a beta-glucan content almost double that of the original raw...

Nutraceutical unit boosts profits at cocoa group

Spain's Natra group tripled its profits during 2003 thanks in large part to the sale of shares in its biotech subsidiary Natraceutical.

UK coatings firm to add dissolving strip technology

UK company BioProgress, which makes cellulose-based films for coating tablets and capsules, is making an acquisition in the US that gives it access to dissolving 'in the mouth' films for...

DSM sports drink ready for Olympic test run

Dutch vitamins and ingredients company DSM says its new sports drink, PeptoProSports, has cleared tests for banned substances, ahead of its launch during this year's Olympics.

Raisio to sell chemicals unit

Finland's Raisio group said today that it will likely go ahead with the sale of its chemicals unit, considered the best option for growth of the company's ingredients and nutrition...

Cargill looking for entry to European glucosamine market

US agri-food giant Cargill is seeking regulatory approval to market its fungus-derived glucosamine product for the European supplement market.

Danone and Yakult to close ranks in probiotics

Japanese probiotics pioneer Yakult and French yoghurts and biscuits maker Danone said today they will set up a new alliance to push growth of their functional foods businesses and cement...

Streamlined Glanbia ready for new health strategy

Irish dairy company Glanbia has taken a significant hit to profits and turnover to restructure its operations around a more focused ingredients and nutritional foods business.

Cosucra expands capacity for prebiotics

Belgian group Cosucra Warcoing is significantly increasing its inulin and oligofructose production capacity by converting a former sugar plant to chicory processing, as it aims to meet growing demand for...

Desert Health sets up in Europe

US supplement distributor Desert Health Products has opened a European office in Norway to gain a bigger share of growing sales in American products, it said.

Blackmores cashes in on Pan collapse

Australian supplement maker Blackmores has seen sales and profits surge after an investigation into quality control last year removed competitor Pan Pharmaceutical's products from the market.

Profits soar at Puleva

Puleva Biotech, the R&D subsidiary of Spanish food group Ebro Puleva, reported a 57 per cent rise in profits over 2003 to €1.9 million.

Hain expands share of European non-dairy sector

The US-based natural food group Hain Celestial is snapping up German manufacturer of soy, oat and rice-based drinks Natumi, expanding its operations in Europe and giving it access to a...

Japanese market profits BioGaia

Swedish probiotics developer BioGaia, made significant progress towards profitability in the past year thanks to a take-off in higher margin sales in Japan.

Wessanen bears costs of US shake-out

Royal Wessanen, the Dutch health food producer, suffered a turbulent 2003, as it set about restoring the fortunes of the US Tree of Life business that now makes up two-thirds...

New agreement swells Natural profits

Norwegian CLA company Natural has reported its biggest profits since first listing five years ago, thanks to initial payments from a major licensing deal last year, which significantly boosted first...

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