Olam Food Ingredients (“OFI”) is acquiring a leading US private label spices and seasonings manufacturer Olde Thompson at an EV of US$950 million through its wholly owned subsidiary Olam Holdings Inc. This acquisition reinforces OFI’s growth strategy of being a global leader in providing sustainable, natural, value-added food and beverage…
Nestlé Set To Make Promising Start To 2021 Building On Health And Nutrition Portfolio
Nestlé has seen sustained growth over the pandemic period, largely driven by selective acquisitions and divestments that have allowed the company to foster its premium and specialised product lines. The acquisition of Essentia in March 2021 is a prime example, the move having come off the back of the Nestlé…
Barry Callebaut Appoints New Managing Director of Australia and New Zealand
The Barry Callebaut Group, the world's leading manufacturer of high-quality chocolate and cocoa products, will be appointing Denis Convert as Managing Director for Australia and New Zealand, effective August 1, 2021. In this new role, Denis Convert will be based in the GKC Foods office in Melbourne, Australia. He will provide…
Direct-To-Consumer (DTC) Offers New Opportunities To APAC Retailers Amidst COVID-19 Scenario
The benefits offered by the direct-to-consumer (DTC) model make it very attractive and lucrative for both ‘well-established’ as well as upcoming retailers operating in the Asia-Pacific (APAC) region, especially amidst the current COVID-19 scenario, says GlobalData. Vijay Bhupathiraju, Retail Analyst at GlobalData, says: “Retailers in the APAC region that have…
McCormick Reveals Global Trends Driving the Tastes of Tomorrow
The McCormick Flavour Forecast has been uncovering the trends that transform the way we cook, flavour, and eat for over two decades. The Flavour Forecast 21st Edition continues to connect consumers and food professionals with the latest global flavours and ingredients to delight the senses and bring eating experiences to…
Kemin Food Technologies – Asia Expands Distribution Partnership With DKSH To Philippines And Indonesia
Kemin Industries has grown its distribution agreement with Diethelm Keller Siber Hegner (DKSH) to include distribution for Kemin Food Technologies – Asia in the Philippines and Indonesia. Kemin Food Technologies – Asia first partnered with DKSH as its distributor in Vietnam, Myanmar, Cambodia and Singapore in July 2020, and the…
AAK SEA Announces An Exclusive Distribution Agreement with Invita For Plant-Based Food Solutions In Australia And New Zealand
AAK has announced a collaboration with Invita through an exclusive distribution of AAK’s plant-based food solutions for Australia and New Zealand. Australia and New Zealand are two of the fastest-growing markets in the world when it comes to plant-based foods, supported by an advanced food technology as well as the…
Sustainability Platform abillion Aims To Donate Over USD$1 Million To Charities In 2021
Every review of a vegan dish or vegan and cruelty-free product a member posts gives the member $1 to donate. Members can donate as little as $1 or accumulate credit to make larger donations. Sustainability platform, abillion, is rolling out $1 donations through its abillion app. With over 300,000 members and over 620,000…
Kerry Invests €30m In Taste Facility In Indonesia
Kerry will increase its footprint in South East Asia (SEA) by building a second manufacturing facility in Karawang, Indonesia. The new state-of-the-art facility, which represents Kerry’s largest ever capital investment in SEA, will significantly expand Kerry’s Taste offering in the region and further support customers in the fast-growing markets of…
CP Kelco Launches Online Resource Focused On Innovation And The Power Of Nature
CP Kelco, a global leader of nature-based ingredient solutions, has launched a new multimedia resource spotlighting its capabilities in action. Filled with value-creating ideas and nature-powered innovation, "Innovation… Powered by Nature" aims to help manufacturers in the food, beverage, home and personal care segments understand market trends and navigate a changing industry…
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