News

Global awareness of acrylamide is on the rise. Not without reason: Acrylamide is a suspected carcinogenic substance formed in foods containing reducing sugars which are processed at a high temperature. SP

In the first 9 months of fiscal year 2017/18 (ended May 31, 2018), the Barry Callebaut Group grew its sales volume by 6.9% to 1.513 m tonnes. SG SP

The JM Smucker Company has signed an agreement to divest its US baking business to private equity firm Brynwood Partners in a deal valued at USD 375 m. SP

In June 2018, Michael Schulze took over the management of Hastamat, a packaging machine manufacturer based in Lahnau/Germany. SP

In July 2018, Hartmut Siegel, formerly Head of Sales at Gerhard Schubert GmbH, is taking over the position of Chief Executive Officer of Schubert North America in Charlotte succeeding the former Managing Director Fritz Kipfer. SP

At its latest General Assembly in Zurich/Switzerland, members of the European Cocoa Association (ECA) elected Steven Retzlaff as its new chairman. SP

PepsiCo, Inc. reported results for the second quarter 2018. Reported net revenue increased by 2.4%. SG

In the food and beverage market, products that provide healthy enjoyment are the strongest growth drivers. Companies with differentiated products for specific target groups and life phases can profit many times over from the ongoing health boom. SP

Roquette has signed an agreement to acquire Sethness Products Company, the worldwide leader in the production of caramel colours for food and beverage applications for an undisclosed fee. SP

Puratos is launching Cacao-Trace, a sustainable cocoa sourcing program in Papua New Guinea. The launch comes after the successful introduction of the program in Vietnam, Ivory Coast and the Philippines. SP

Arla Foods Ingredients has developed a single whey protein solution to address the problem of textural deterioration in protein bars: Lacprodan TexturePro. SP

Archer Daniels Midland Company (NYSE: ADM) and Russia-based Aston Foods and Food Ingredients have successfully received all required regulatory approvals and launched their 50/50 joint venture to provide sweeteners and starches to customers in Russia. SP

Biscuit International, one of Europe’s leading players in the private label biscuits market owning Poult in France, Banketgroep in the Netherlands and A&W Feinbackwaren in Germany, has announced the acquisition of Northumbrian Fine Foods (NFF), a leading gluten and milk-free biscuit manufacturer in UK, from CriSeren Foods Ltd. SG

The Haarlem-based company Raw Patisserie B.V., manufacturers of the Ridiculously Good raw chocolate brand, is taken out of insolvency by Lovechock B.V. Amsterdam, with immediate effect. SG

Gerhard Schubert GmbH is growing internationally and expanding by opening its first subsidiary in China. SP