Euroma acquires Intertaste, takes lead in European and Dutch spice markets

NETHERLANDS - Koninklijke Euroma B.V, which manufactures and distributes herbs and spices,has acquired Intertaste BV., the West-European dealer in herbs, spices, mix and package end products in consumer packaging. Euroma has taken over all Intertaste’s shares after a go-ahead from the Authority for Consumers and Markets (ACM), giving it a top recognition in the European…

Heineken records 5.37% rise in revenue in full 2017 year results

NETHERLANDS - Heineken has recorded 5.37% increase in revenue to US$27.4 billion and a 7.1% rise in profits to US$2.75 billion in its 2017 full year financial report. The company attributed its overall growth to various new ventures it undertook in key developing markets and numerous expansions in 2017. Heineken expanded its production capacity in…

Unilever reports positive year as profits rise 16.9%

NETHERLANDS - Food and consumer products giant Unilever on Thursday posted soaring 2017 profits of €6.5 billion ($8.05 billion), after a year of "major change" when it spurned a Kraft Heinz takeover bid. The announcement came a day after Unilever announced it was adding to its popular ice-cream ranges, which include Magnum, by scooping up…

Rabobank invests US$74.8 million into Rabo Frontier Ventures

NETHERLANDS - Rabobank, a multinational company offering food and agricultural financial services, has invested US$74.8 million to fund the Rabo Frontier Ventures that seeks to elevate emerging fintech and food & agri companies. Rabo Frontier Ventures will receive financing from the Rabobank meant to support and boost fintech and food & agri innovations. This is…

DSM, Evonik announce joint venture for omega-3s production

NETHERLANDS – Leading Dutch and German ingredients solutions companies DSM and Evonik have established a new company to manufacture omega-3 solutions for the animal feed industry. Dubbed Veramaris V.O.F., the new company will manufacture eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) omega-3 fatty acids from natural marine algae for animal nutrition. The 50/50 joint venture…

Domestic demand to continue dominating vegetables market – Rabobank

NETHERLANDS - Rabobank’s World Vegetable Map 2018 has projected that a greater part of the world’s fresh and unprocessed products will continue to be consumed in the domestic market in 2018. Despite the international trends such as the emergence of greenhouse vegetable cultivation and ‘vertical farming’ initiatives, only around 5% of all vegetables grown worldwide…

FrieslandCampina CEO resigns, appoints CFO to role

NETHERLANDS – Netherlands-based Royal FrieslandCampina, one of the world’s leading dairy companies and the parent company of FrieslandCampina WAMCO in Nigeria, has announced that its Chief Executive Officer (CEO), Roelof Joosten will step down on 1 January 2018, and to be succeeded by Hein Schumacher, the company’s current Chief Financial Officer (CFO). Roelof has been…