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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.

Central European food supplements market hit €1bn for first time

Food supplement markets in Poland, the Czech Republic, Romania, Hungary, Bulgaria and Slovakia have pushed through the €1bn mark for the first time, with Romania starring with 24% growth in...

Raisio sells €7m oat, soy and rice business to Norwegian firm

Finnish ag-food giant Raisio has sold its €7m a year oat, soy and rice foods business that includes its Soygurt business to €330m Norwegian food company Kavli.

Nestlé buys Louisiana depression food firm

Nestlé has bought its second brain health-focused medical foods start-up in eight months after snaffling Red River Pharma-owned Pamlab which makes high-dose vitamin supplements targeting depression, diabetes and Alzheimer’s.

Forté Pharma sales up 1.5% in 2012

2012 sales have risen 1.5% at Forté Pharma, the food supplements arm of Spanish player Natraceutical, with weight management products dominating.

Special edition: Omega-3 (Editor's blog)

How high can high-end omega-3 go?

Just got off the phone to Ola Snove, the new(ish) CEO of Aker part-owned Norwegian omega-3 specialist Epax. Wanted to know his view on high-end omega-3 prospects that have attracted...

UK venture capitalists eye expansion at Israeli antioxidant specialists

Southern Israel-based algae-sourced astanxanthin specialists Algatechnologies has won investment from a UK venture capitalist in a move that will broaden its capacity, R&D and distribution scope for the eye and...

M&A numbers down, but value of deals is up, investment group says

Nutrition Capital Network noted a record 247 deals in the health and wellness sector in 2012.  Within that number, the group noted a decline in the number of M&A deals...

Acquisition happy: Naturex 2012 sales up 18.1% in 2012 ; Raisio improves 5.7%

Two leading European ingredients suppliers have bucked hard economic times to post strong results for 2012, with French botanical extracts specialist, Naturex, and Finish agriculture, ingredients and brand owner, Raisio,...

Probi 2012 sales up 6%, but ProViva royalties set for dive

The European probiotic sector is bracing itself for tough times ahead in the wake of December’s  EU health claim ban for the sector, but the effects are yet to be...

EDITOR'S OPINION: DEAR DAIRY....

Chobani’s global ambitions: Too much, too young?

At just seven years old, Chobani is a poster boy in the eyes of some, a market-devouring monster in the eyes of others. The New York-based Greek yogurt giant’s expansion...

BASF ups offer for omega-3 API maker Pronova

BASF has increased its cash offer for omega-3 API maker Pronova Biopharma to €684m.

update

Greece is the word: BASF tells Pronova shareholders revised bid is fair value

BASF says revised offer for omega-3 API maker Pronova Biopharma is fair value given recent Greek Government decision to stop reimbursing two key drugs. 

The year ahead: 2013 European nutra futures

The economic crisis has hit the EU hard, and coupled with a severe health and nutrition claim clamp down, the past years have been challenging for the European nutra industry.

DSM buys Swedish oat beta-glucan brand

A day after confirming the €500m acquisition of New York-based blends specialist Fortitech, Royal DSM has concluded the year by buying beta-glucan brand Oatwell from Swedish Oat Fiber (SOF).

M&A: BASF extends ProNova offer after only 67% sell; DSM confirms Fortitech buy

BASF has extended the bid period for its €650m offer to buy high-dose omega-3 specialist Pronova BioPharma, after only 67.2% of the Norwegian firm’s shareholders  agreed to sell their stakes....

Exclusive interview

BASF nutrition president on high-end omega-3, Equateq and the phood “white space”

BASF is moving en masse into omega-3 - especially if its bid for Norwegian player Pronova is approved - but it is technology gained from its May acquisition of a high-dose omega-3...

Evolva pays €550,000 for Fluxome resveratrol business

Swiss biotech firm Evolva has bought failing Fluxome’s, yeast-derived resveratrol business for about €550,000 in cash and shares, but says it has no interest in the remaining omega-3 business being...

Nestlé eyes herbal sector with Hong Kong JV; 2013 clinical trials planned

Nestlé has amplified its nutrition presence by forming a joint venture to develop Traditional Chinese Medicines (TCM). Orally consumed gastro products will be first off the rank based on an...

Reckitt Benckiser-Schiff: Another giant jumps into nutra space

UK-based consumer goods firm Reckitt Benckiser told NutraIngredients today, “nutrition had been on its radar for awhile”, as it plunged $1.4bn (€1.09bn) to outbid German pharma firm Bayer for the US’s second...

Asian specialist buys Swiss ingredients business

DKSH’s Performance Materials unit has paid undisclosed sum for Swiss ingredients and chemicals firm Staerkle & Nagler, as the Asian player moves to boost its European presence.

Fluxome finds a last-minute buyer: But is it resveratrol or omega-3 to be sold?

Swiss biotech firm Evolva has agreed to buy undisclosed assets from Fluxome, as it leaves its pure pharma research past in the dust and throws the embattled Danish supplier a...

BASF bids $823m for GSK omega-3 supplier Pronova Biopharma

BASF has made a bid for Pronova Biopharma ASA, underlining its intention to become the dominant player in the pharmaceutical grade omega-3 API market.  

Croatian functional foods and supplements maker wins €300m development loan

Croatian food company Atlantic Grupa has won a €307m finance package from the European Bank for Reconstruction and Development (EBRD) for new energy systems, sustainability certifications and working capital financing.

DSM buys Fortitech for €495m; “We are done for awhile”

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...

Raisio sales rise 14%; Benecol steady

Ingredients, grain, snack brand and stanol-based cholesterol-lowering Benecol brand owner Raisio had a healthy Q3 with revenues up 14% to €160m from €141.7m in Q3 2011.

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