IFF acquires The Additive Advantage to expand taste delivery capabilities

USA - International Flavors & Fragrances has acquired The Additive Advantage (TAA), a US based novel technologies company to expand its innovation capabilities in scent, taste and active ingredients. IFF, which is world leading flavors and fragrances company is looking to leverage on TAA’s expertise in developing novel technologies with diverse capabilities that span applications…

PepsiCo acquires Hormel Foods’ CytoSport sports nutritional drinks business

USA – Snacks and beverages company, PepsiCo has agreed to acquire CytoSport business, an American manufacturer of sports-oriented nutritional products from Hormel Foods for an undisclosed amount. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to be completed in one to two months. CytoSport which offers Muscle Milk and…

Cargill invests US$22.5m in Netherlands starch production facility

NETHERLANDS – Grain and agricultural giant, Cargill is investing US$22.5 million in its starch facility in Sas Van Gent, The Netherlands to serve more customers with quality starches. It involves the construction of a new building and the installation of two new roll dryers in the Sas Van Gent production facility. The plant will be…

Chr. Hansen unveils new sweet potato natural red color alternative

DENMARK – Global bioscience company, Chr. Hansen has unveiled the Hansen sweet potato™, a natural red color alternative to carmine and synthetic reds to satisfy discerning consumers. The new vegetable variety from Ipomoea batatas was developed using traditional breeding methods to create the long-sought after vibrant, natural red color for use in food and beverage…

Arla Foods Ingredients develops high-protein supplement for medical nutrition

DENMARK - Arla Foods Ingredients has unveiled a low-volume (100ml) RTD high-protein nutritional supplement for medical nutrition and designed to address challenges in producing high-quality medical beverages. The new prototype contains 10g of protein packed into a 100ml shot to be used by patients in need of high-quality protein in a low-volume nutritional treatment. According…

Givaudan partners Israeli incubator The Kitchen to drive food innovation

ISRAEL – World’s leading flavor and fragrances company, Givaudan has partnered with the Israeli-based technology incubator owned by the Strauss Group, to accelerate innovation in the food sector. According to Givaudan, the partnership will enable expand its innovation ecosystem further by connecting with Israel-based food entrepreneurs who are contributing to the creation of healthier and…

Nestle India plans upto 36 new product launches as it expects more exports

INDIA – Nestle India, the maker of Maggi noodles and Kitkat has said that it plans to launch upto 36 products in the 2019 fiscal across all categories in the country as it also looks to expand its capacity to serve more overseas markets, reports ET Retail. According to chairman and managing director Suresh Narayanan,…

Coca-Cola HBC acquires Serbian confectionery brand Bambi for US$293.7m

SWITZERLAND - Coca-Cola Hellenic Bottling Company has announced that it has agreed to acquire Serbia’s leading confectionery business, Bambi for US$293.7 million (€260 million). According to the company, the deal, which is subject to certain closing adjustments will help increase its presence in biscuits and other confectionery products market in the country. Completion of the…

Premier Foods abandons plan to sell Ambrosia custard unit

UK – British food manufacturer has dropped plans to offload its Ambrosia brand which includes rice pudding and custards, which it had planned to sell for a consideration of about US$129 million. The company which makes Mr Kipling cakes has blamed difficult business climate as well as its huge debt which it had planned to…

Kellogg collaborates to test eye-tracking technology in retail stocking

USA - The Kellogg Company has partnered Accenture and Qualcomm to launch a a pilot test that uses eye-tracking technology in a virtual reality headset to determine the best way to stock shelves for retailers. The partnership looks to transform retail merchandising by enabling companies to do market research faster, more affordably, and on a…