Financial plays

The new company has a target of €2.5m in revenue for 2014.

Solvay management buys out Solactis


€13bn Belgian supplier Solvay has sold its Solactis nutrition division that includes galactofructose  (lactulose) to its former nutrition programme manager.

T&L CEO Javed Ahmed: “The difference in the business today is if the US had anaemic growth we would not have been able to address that.”

Tate & Lyle meeting profit targets despite 4% US soft drink slide


Tate & Lyle CEO Javed Ahmed says earning and profit forecasts are intact – “mid single digit growth” – despite an unseasonably cold spring that has contributed to an annual drop of 4% in the US soft drinks market and hit its specialty and bulk sweeteners...

[Left to right]: Prof Gerald Fitzgerald, APC deputy director; Prof Gerry Boyle, director Teagasc; Sean Sherlock, TD, minister for science and innovation; prof Fergus Shanahan, director APC; Dr Sally Cudmore, APC general manager; prof Mark Ferguson, director General, Science Foundation Ireland and chief science advisor to the Irish Government; Dr Michael Murphy, president UCC

Irish microbiota research centre to receive €50m boost


The Alimentary Pharmabiotic Centre (APC) in Cork, Ireland has received a €36m investment from the Irish government that will fund its research activities for at least another six years, its GM told us this morning.

“…the Board does not believe that the market fully appreciates the value of the Science in Sport Business...

Provexis seeks to demerge Science in Sport and Fruitflow

UK firm Provexis has filed to demerge the Science in Sport (SiS) consumer sports brand it purchased for €10m in June 2011 from its Fruitflow tomato-based ingredients business, as it believes the separation will increase the market value and perception...

DSM Q1 sales steady; happy with acquisitions

DSM Q1 sales steady; happy with acquisitions

Strong nutrition sales drove a steady quarter at DSM with sales up 10% in that division, as EBITDA profits improved €5m across the company to €311m compared to €306m in Q1 2012.

Q1 2013: Naturex net profit up 67%

Q1 2013: Naturex net profit up 67%

Naturex has seen sales rise 13.2% to €83.2m in Q1 2013, with Nutrition its star core business performer, leaping about 33% from €22m to just over €29m.

Asian demand for baby food was a major driver of Danone's sales increase

Danone results get Asia baby food boost


Danone reported sales growth in the first quarter of 2013 as demand for baby food in Asia boosted profits, despite continued weakness in Europe.

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