KENYA - The Competition Authority of Kenya (CAK) has approved acquisition of Kenyan chemical distributor Desbro Limited by Brenntag Holding B.V., a subsidiary of Germany-based chemical distributor Brenntag Group, reports Business Daily. CAK approved the acquisition on condition that Brenntag retains 80 employees who currently work at the firm for a period of one year.…
GERMANY – The Dutch flavors and fragrances company, Symrise AG has announced its new long-term targets until 2025, with a particular focus on capitalizing the rising trends in the health and natural category. The company aims to achieve an average annual organic sales growth (CAGR) of 5 to 7 % and make strategic acquisitions that…
GERMANY – Dutch dairy cooperative, FrieslandCampina has signed an agreement with DMK Group (DMK) for the production of mozzarella cheese, with the deal effective in 2019. DMK Group, one of the leading dairy companies in Germany will bring inits expertise and production facilities for the production of mozzarella forFrieslandCampina. The company will also modernize and…
GERMANY – The French agricultural cooperative and food-processor Agrial has agreed to acquire German dairy company Rotkappchen Peter Julich Group for an undisclosed sum. According to Agrial, the acquisition represents further fulfilment of the strategy of Eurial, the Dairy division of Agrial, focused on developing strong brands and important territorial entrenchment in Europe. The transaction…
GERMANY - German packaging and bottling machine manufacturer, Krones has acquired MHT Holding, a PET equipment manufacturer for an undisclosed amount. According to the company, the deal strengthens its PET capabilities through portfolio expansion and closes a gap in its PET value chain. It also represents an upstream extension of the Krones portfolio into tooling…
GERMANY - Germany is expected to increase imports of soybeans, soybean meal and become a net importer on production losses related to drought, ‘a weather incident of national extent’, said a report from the U.S. Department of Agriculture's Global Agricultural Information Network (GAIN). As a result of drought and hot weather, Germany’s Agriculture Ministry in…
GERMANY – The Agriculture Ministry of Lower Saxony has ordered the recall of 73,000 eggs from six German states as they were due to be sold in the market while found to be contaminated with fipronil. Fipronil is used to treat lice and ticks in chickens and some tests show that it can harm kidneys,…
GERMANY - European dairy co-operative Arla Foods plans to sell its cheese production site in Sonthofen, Germany to German-based dairy company Allgäuer Hof-Milch GmbH. According to Arla Foods, this step was necessary as the production and distribution of the speciality cheese produced in Sonthofen no longer corresponds with the strategic orientation of Arla’s businesses in…
GERMANY - Symrise AG sales were up by 3.2% to US$3.68 billion from US$3.56 billion in 2016, attributed to higher performance of the Flavor and Nutrition segments and strong demand in the EAME and Latin America regions. Symrise benefited from high organic sales which grew by 6.3%, affected by adjustment in portfolio that is, the…
GERMANY - DuPont Nutrition and Health has launched a new deep-freeze warehouse, a storage centre that brings together DuPont’s operations in Epernon, France and Niebull, Germany sites. The joint project aims at securing additional capacity in cultures used in developing high quality yogurt, fresh fermented and cheese products and will be run at a temperature…
