Financial plays

A solid balance sheet will permit further acquisition activity, Raisio says

Raisio turns in healthy results and promises further acquisitions

By Shane Starling

Finnish ingredients and branded foods player Raisio – the owner of the stanol-cholesterol reduction brand Benecol, will continue seeking acquisitions, it announced in its 2010 financial statement that saw EBIT come in at €19.4m for the year.

It would appear pharma giant Pfizer has gargantuan supplement ambitions as it buys Danish player, Ferrosan

Pfizer acquires Danish food supplements operation

By Shane Starling

Pfizer has acquired the consumer healthcare business of Danish firm Ferrosan for an undisclosed fee in what the pharma giant says, “is an excellent strategic fit that strengthens our presence in dietary supplements”.

Analysts: DuPont Danisco buy-out may end in fire sale

Analysts: DuPont Danisco buy-out may end in fire sale

By Shane Starling

Analysts are saying Danisco could be carved up by its new owner DuPont, which they suggest is most interested in the Danish company’s enzymes for biofuels and that the food side of the business may be jettisoned.

Lactalis pays €8.28m for stake in Spanish ingredients researcher

Lactalis pays €8.28m for stake in Spanish ingredients researcher

By Shane Starling

The Spanish subsidiary of French dairy giant Lactalis has paid €8.28m for 29.9 per cent of the ingredients research division of Spanish dairy group Ebro Foods, which produces the omega-3 forms for Ebro Puleva’s successful €100m+ selling omega-3 milk.

DSM's €24/share offer for Martek remains open until February 21, 2010

DSM’s Greenback formalises €829m Martek tender

By Shane Starling

Greenback Acquisition Corporation, a wholly-owned Royal DSM subsidiary, has begun the formal tender for Martek Biosciences, which DSM announced it was buying for €829m ($1.087bn) last month.

UK stock market regulation crucial to food prices, say economists

UK stock market regulation crucial to food prices, say economists

By Jess Halliday in London

Regulating food speculation in the City of London is the lynchpin to preventing volatility over food prices, say economists, as parallel measures on both sides of the Atlantic will block traders conducting secretive deals wherever they can.

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