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Financial plays

Digging below the bottom lines of ingredients suppliers and brand behemoths. From the impact of the ongoing economic slowdown to the latest in merger and acquisition activity.

UK FSA: "If you are interested in submitting a novel food dossier to the EU, we advise you to contact another EU member state..."

UK FSA closes door on novel food applications as austerity bites

The UK Food Standards Agency is no longer accepting novel food applications, a development one public policy expert says is “alarming”.

Meso-zeaxanthin safety & QC debated

Neither illegal, unnatural nor unsafe, says meso-zeaxanthin defender

Meso-zeaxanthin (MZ) proponent says a French government report on the fraudulent use of meso-zeaxanthin in eye health supplements casts unnecessary doubt on a safe and viable compound. ...

Symrise wins battle for Diana Group with €1.3bn bid

German flavours and aromas specialist Symrise has won the battle for French flavour and ingredients producer Diana, after agreeing a deal that values the firm at €1.3bn.

Lost in translation: Parlez-vous health claims?

Cross-border communication must be provided to combat the confusion caused by the 24 subtly different language versions of EU-approved health claims, as well as countless other cultural nuances, according to...

News in brief

DSM in negotiations to buy Chinese vitamin C manufacturer

DSM has ended speculation about acquiring Chinese vitamin C supplier Aland by acknowledging it is in talks with the firm, but asserts no deal has been signed.

US investment network targets European health & wellness firms

Nutrition Capital Network (NCN) is setting up shop in Europe this May at Vitafoods in Geneva and is scouting for investment opportunities in the health and wellness sector.

Russia-Ukraine instability means Kazakhstan leads supplement growth

Russia may still hold the lion share of the dietary supplements market in the Commonwealth of Independent States (CIS), but it’s the comparatively more stable Kazakhstan that will lead in...

BioGaia confirms extended agreement with Nestlé for clinical research and NPD

Swedish probiotic player BioGaia has broadened and strengthened its ties with food manufacturing giant Nestlé by agreeing a deal for clinical research and new product development (NPD), according to the...

Ingredia acquires bioactive peptides startup

French supplier Ingredia has announced its acquisition of bioactive peptides specialist Galactis Pharma.

Indena sees potential in Romania and Moldova

Romania and Moldova may still be small markets, but Indena says it sees in them what it saw in Poland 20 years ago.

Sanofi to contest rebuffed sterol cholesterol claim, but it's no big deal

Sanofi-Aventis has said the European Food Safety Authority’s (EFSA) rejection of its application to broaden the already approved sterol-stanols cholesterol lowering claim to powdered supplements won’t affect the company commercially, but...

BASF nutrition and health jumps 7% to crack €2bn in 2013

‘Nutrition and Health’ was the best performing section within BASF’s ‘Performance Products’ division in 2013, posting a 7% gain on 2012 to push through €2bn in sales for the year.

News in brief

Raisio grows earnings by 14%

Plant-based nutrition firm Raisio has reported record earnings before interest and taxes (EBIT) of almost €40m in 2013.

Emerging markets drive probiotic expansion for Swedish player

A focus on emerging markets has paid off for Swedish probiotics supplier BioGaia with sales and profits up in 2013.

Infographic

Protein still sports nutrition king, but watch out

Protein is still the bedrock of sports nutrition says Euromonitor, but non-protein products are expected to grow faster in several important global markets like Australia, Canada and Indonesia.

Symrise bids for Swedish probiotic player

Symrise has given Swedish probiotic player, Probi’s board and shareholder’s about a month to sell it the remaining 70% it doesn’t own after making a formal bid today.

News in brief

Mérieux NutriSciences strengthens Latin American presence

Mérieux NutriSciences has acquired a Brazilian lab to expand business in Latin America.

Court overturns Herbalife pyramid case

Supplements giant Herbalife has won an appeal against a verdict back in 2011 which tarred the firm's recruitment and selling structure as a pyramid scheme. 

Leatherhead invests in GI health claim prospects

Leatherhead to invest in research for a Glycaemic Index (GI) health claim, which it plans to eventually present to EFSA. 

The European food industry: Health claims, recession and global competition

We gave the European food industry a check-up at this year’s Food Ingredients Europe (FiE), talking with some of the industry's top ingredients players about EU health claims, economic recovery and how to...

Dispatches from #FIE2013

A year of change for DSM’s OatWell

One year on from its acquisition of Swedish beta-glucan brand OatWell, DSM talks about entering into new markets and capitalizing on European health claims.

Swisse Wellness CEO hails ‘game-changing’ deal with PGT Healthcare: ‘It enables us to become that global wellness brand’

Premium products, mega-spend marketing, and global ambitions are driving growth for Swisse Wellness, says its CEO, days after inking a ‘game-changing’ deal with PGT Healthcare giving it access to over...

News in brief

Nestlé sells Jenny Craig weight management business in North America and Oceania to PE firm

Nestlé has sold its Jenny Craig weight management businesses in North America and Oceania to Connecticut-based private equity firm North Castle Partners for an undisclosed sum.

News in brief

Naturex growth slows in third quarter on currency pressures

Naturex has reported slower growth in the third quarter, mainly due to currency fluctuations, although revenue for the first nine months was still up 8.7% compared to the same period...

DSM profits rise 27% but nutrition space ‘sluggish’ as omega-3 bites

DSM has delivered a Q3 increase in EBITDA earnings of 27% across all its divisions despite “headwinds” like the ongoing economic flatline in Europe and elsewhere, challenging currency movements and rising ingredient...

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