News

The Nordic company group Orkla, listed on the Oslo Stock Exchange, has announced three acquisitions in the sectors Ingredients, Healthy Drinks and Food, as it looks to expand its portfolio of brands across Europe. SG SP

Schur Flexibles Group, a leading international provider of innovative and sustainable packaging solutions, has acquired 100 % of Sweden-based flexible packaging specialist Scandiflex Pac AB. SP

Barry Callebaut, the world’s leading manufacturer of high-quality cocoa and chocolate products, recently inaugurated its new state-of-the-art processing unit at its Zone 4C Société Africaine de Cacao (SACO) plant in Abidjan/Ivory Coast. SG SP

The German confectionery retail has started out 2019 with a mild increase. Both sales volume and revenues rose in the first two months of the year, with the improved performance in revenues supporting mild price increases on the market. SG

Südzucker AG has announced preliminary figures. In financial year 2018/19 (28 February) group revenues reached about € 6.75 (previous year: 6.98) bn. Group operating result decreased in the same period to about € 25 (previous year: 445) m. SG SP

Lantmännen has signed an agreement with Tate & Lyle for the acquisition of an oat ingredients manufacturing facility production facility in Sweden. SP

Corbion is planning to buy Granotec do Brazil, a specialist in functional blends for the Brazilian bakery industry, in a deal worth USD 45 m. SP

As in the previous year, domestically the Swiss chocolate industry again recorded negative results. This was compensated once more by exports. The growth in exports ensured that the sector turnover on balance rose by 1.0%. SG

The Italian coffee dynasty Illycaffé S.p.a., Trieste, has acquired the London-based premium chocolatier Prestat Ltd. The company Prestat made € 8.2 m of sales in 2018. SG

Hochdorf generated a net sales revenue of CHF 561.0 m in 2018 (−6.6 % compared to previous year (PY)). Earnings before interest and taxes (Ebit) amounted to CHF 18.6 m (−56.2 % PY) with a net profit of CHF 8.7 m (PY CHF 40.8 m). SP

The global food and agribusiness Olam International Ltd has announced that it has acquired an 85 % share of YTS Holdings Pte Ltd for a consideration of USD 90 m, which is 100 % owner of BT Cocoa. SG SP

Archer Daniels Midland Company (NYSE: ADM) announced that it has reached an agreement to acquire the Ziegler Group, a leading European provider of natural citrus flavour ingredients. SP

Symrise AG, Holzminden, took full advantage of its growth opportunities in 2018 and successfully overcame headwinds resulting from external factors. Taking into account portfolio and exchange rate effects, sales increased by 5.3 % to € 3.15 bn (2017: € 23 bn). SG SP

The negative trend of recent years in the Swiss long-life baked goods industry continued in 2018. Swiss manufacturers once again sold fewer biscuits and related products. SG

In February 2019, Multivac signed an investment agreement to establish a new production company in Taicang/China. SP