Yili to invest in NZ infant formula processing
Chinese dairy giant Yili has announced plans to invest CNY 1.1bn ($176m) in the development of a New Zealand-based infant formula manufacturing plant.
Archives for December 19, 2012
‘Significant’ link between daytime sleepiness and low vitamin D
There is a significant correlation between excessive daytime sleepiness, race, and low vitamin D levels, according to new research.
Health claims issue in Australia and New Zealand nears final chapter
Parties on both sides of table have welcomed the recent decision by Australian and New Zealand ministers responsible for food regulation on the issue of health claims in the region.
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.
Functional chocolate bars must target a niche, says Herza
There is no end to the possibilities of functional chocolate bar development and firms must specialize to succeed in a sector dominated by big players, a Herza Schokolade product developer says.
'Bad science' on soft drinks a fact of life: Coca-Cola Enterprises CEO
Coca-Cola Enterprises (CCE) CEO John Brock has taken a sideswipe at detractors of soft drink ingredients who he claims base negative comments on ‘bad science or no science’.
Omega Protein's Atlantic menhaden catch to be cut by 20%
Omega Protein, the largest manufacturer of fish oil omega-3s based in the US, will have to live with a 20% reduction in the amount of menhaden it can harvest in the Atlantic, the company announced recently.
Herbalife expands US manufacturing capacity with purchase of North Carolina plant
Network marketing giant Herbalife Ltd. is expanding its US manufacturing capacity with the purchase of a facility in Winston Salem NC. The acquisition furthers Herbalife’s goal to increase the number of products it manufactures in-house, the company said.
EFSA rejects supplement tanning claims
The European Food Safety Authority has rejected health claims that a supplement containing a combination of lycopene, vitamin E, lutein and selenium “helps to prepare and activate tanning.”
Cholesterol-low cheese ‘highly suited’ for hypertension sufferers - developer
Spanish researchers have created a cholesterol-low, reduced salt, fatty acid-enriched cheese, which is “highly suited” to the elderly and those that suffer from hypertension.
Super Supplements acquisition makes cultural sense, says Vitamin Shoppe CEO
Vitamin Shoppe Inc. has acquired Seattle-based chain Super Supplements in a transaction that makes both strategic and cultural sense, says Vitamin Shoppe CEO Tony Truesdale.
Forbes Medi-Tech gets US patent for sterol extraction technology
The United States Patent and Trademark Office has granted a patent to Forbes Medi-Tech Corp. for technology to efficiently extract plant sterols and stanols from tall oil pitch.
5-minute festive flick
Happy holidays from William Reed Business Media!
The working year is almost done, time to pause from ‘the business’ and embrace the festive season…go on, give it a big hug. Happy holidays!