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Financial plays

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.

News in brief

BASF sells Norwegian omega-3 business to US firm

BASF has sold its Norwegian, “natural fish oils, medium-concentrated omega-3s, and customised bottled fish oil” plant to Pennsylvania firm Marine Ingredients for an undisclosed sum as the German ingredients and chemicals giant...

Special edition: Functional foods

Phood booed: Why big pharma fails at functional food

Faced with mounting difficulties in their drug businesses, many pharmaceutical manufacturers are looking at getting into functional foods and beverages, notes food marketing expert, Julian Mellentin in this guest article.

“This is a good move for Raisio. They are the correct parent of this niche brand.”

Raisio brings cholesterol-lowering Benecol home for €90m

“J&J should have sold it 10 years ago,” is one analyst’s appraisal of Finnish agro-food giant Raisio’s buy-back of the licensing rights to its cholesterol lowering, plant stanol-based Benecol brand today,...

Q3 sales up, profits down as Natra feels cocoa pricing pain

Year-on-year Q3 EBITDA profits dipped 9.2% to €5.73m at Spanish cocoa and chocolate and specialist Natra as ongoing cocoa price hikes hit even as quarter revenues rose 5.2% to €89.93m.

Nutrition sector challenges hurt DSM Q3 results; profits down 7%

Q3 net profits dropped about 20% at DSM with the Dutch-Swiss ingredients giant citing vitamin E market issues and, “challenges in some human nutrition end-markets” as key contributing factors.

Herbalife asks Mirror to take down 'baseless' article

Herbalife shakes not responsible for Mexican death, say doctors

A "previous serious illness" was responsible for the death of a Mexican woman - not Herbalife weight loss shakes - say local doctors following accusations in the Mexican and UK press of lead contamination....

Unilever reports lowest quarterly growth in five years

Unilever share prices fell 3% in morning trading after the company reported its lowest quarterly growth in nearly five years.

dispatches from sial, paris

Down in 1 (or 2 or 3): Resealable energy drink newbie encourages ‘responsible’ consumption

Grenade Energy says it is taking a leaf out of the confectionery industry’s book by offering the option of controlled portion cans.

News in brief

Glanbia clinches Isopure deal

Glanbia has completed its acquisition of US sports nutrition firm The Isopure Company on schedule.

Commission was wrong to separate med agency and EFSA: MEP

The Commission was wrong to separate the European Food Safety Authority (EFSA) and the European Medicines Agency (EMA), nutrient profiles are unconvincing and the threat of botanical court action is...

Sports nutrition ads – do they have a place on the pitch?

Sports nutrition products should not be allowed to sponsor sporting events, say two researchers from the Institute of Sport, Exercise and Active Living in Australia.

Exclusive interview

Omega Ingredients’ investment creates 16 new jobs

Omega Ingredients (OI) has doubled the size of its manufacturing facility and secured 16 new jobs by pumping £300,000 into its UK operations, ceo and founder Steve Pearce has said.

Glanbia buys sports nutrition firm Isopure for £94M

Glanbia has agreed to acquire US sports nutrition business The Isopure Company for $153M (£94.1M).

News in brief

EFSA extends consultation on ‘Open EFSA’

The European Food Safety Authority has extended the period of public consultation on its discussion paper ‘Transformation to an Open EFSA’ by a month.

Better regulation shouldn’t mean ‘one-sided reduction’ for businesses, BEUC warns new Commission

The new European Commission’s ‘better regulation’ mission must keep consumer welfare in mind and not translate to a “one-sided reduction” for businesses, the European Consumer Organisation (BEUC) has warned....

Juncker’s Commission announced: Lithuanian takes health and food safety spot

Lithuanian politician Vytenis Andriukaitis will be the next commissioner for health and food safety, according to an official announcement today which saw several structure changes to the cabinet.

'It’s taken a year to explain our chondroitin doesn’t come from carcasses left out in the sun': Danish supplier

Danish firm ZPD has won EU food approval for its chondroitin sulfate – a process that has been riddled by misapprehension and prejudice, the company says.

Döhler says ‘aloe’ to 'extraordinary' South African extracts

German natural ingredients behemoth Döhler is lining up what it is calling an, “extraordinary extract portfolio” of South African ingredients after forming a joint venture with local supplier Afriplex....

Guest article

Red Queen Rules: Understanding nutra space acquisition and evolution

By analysing the long-lasting commitments and acquisition activity of major companies Dr Matthew Jones at CPL Business Consultants uses the Red Queen theory to develop an understanding of their corporate...

Nestlé beats H2 expectations despite strong currency impact

The world’s biggest food manufacturing group Nestlé has posted a better-than-expected rise in a key sales figure for the first half of the year despite currency impacts causing a 10%...

Is Danone feeling the need for Mead?

 Danone shares rose today as rumours strengthened the French dairy giant would sell its medical and paediatric nutrition business (Nutricia), but is the firm streamlining its activities around its core...

"The principle is to replace costly substance by less costly substance at the expense of the consumer": CAFIA

Czech authority ‘constantly’ detects ‘serious’ adulteration in food supps

The Czech Agriculture and Food Inspection Authority (CAFIA) says it, “repeatedly reveals serious forms of adulteration of food supplements” despite efforts through its Food Pillory system.

Neptune's losses steepen as company nears end of recovery phase

Neptune Technologies and Bioressources absorbed a steep loss in the first quarter of its fiscal year as the company nears the end of its recovery from an explosion and fire...

IAHS: “VAT on health food supplements would be a tax on health.”

Irish 23% health tax hike: Herbals, glucosamine, coQ10, probiotics remain in firing line

Proposals to push VAT (value-added tax) on some health food supplements and teas to the maximum upper bracket of 23% will discriminate against healthful products, according to The Irish Association of Health Stores (IAHS). ...

Guest article

Does Unilever’s Slim-Fast fail signal the end of weight management as we know it?

Fourteen years after Unilever spent $2.3bn (€1.7bn) to buy Slim-Fast, it has sold up for an undisclosed sum to a private equity player. Analyst and author Julian Mellentin tracks the...

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