CP Kelco bolsters R&D capabilities with launch of new innovation centre in Atlanta, US

US – CP Kelco, a US based global manufacturer of nature-based ingredients for the food industry, has opened a new innovation centre in Atlanta, US to expand its global network of innovation and technical support facilities.  The Atlanta innovation center is designed as an open, collaborative space for scientists and customers to engage in ingredient research, problem-solving, development and pilot plant scale-up of food, beverage, home care, personal care and other consumer and industrial products.  According to CP Kelco, the new innovation 24,000 square-foot centre features laboratories devoted to microbiology, fermentation and application development for industrial and consumer purposes. …

Read More

European retail giants Tesco, Carrefour end purchasing agreement after a three-year stint

EUROPE – British multinational grocery retailer Tesco and French retailer Carrefour have split after terminating a three-year alliance initially designed to trim costs.  A statement from both companies revealed that the collaboration which started back in July 2018 will formally end at the end of this year.   During the unveiling of the agreement three years ago, the retailers had said their coming together would boost their competitiveness and improve the quality and choice of products for customers.  At the time, both supermarkets said the alliance will cover the strategic relationship with global…

Read More

Kraft Heinz to acquire Turkish sauce company Assan Foods to bolster presence in EMEA

TURKEY – Leading American multinational food company Kraft Heinz has agreed to acquire Turkish sauce company Assan Foods from Kibar Holding in a deal that will bolster the company’s presence in Europe, Middle East, and Africa (EMEA).  According to a statement from the maker of popular Heinz tomato ketchup, the planned acquisition of Assan from KIbar Holdings values Assan at approximately US$100 million.  Headquartered in Istanbul, Assan Foods manufactures and sells a wide range of sauce products such as ketchup, mayonnaise, pasta sauces and more.  Assan Foods has acted as a…

Read More