Ispak’s new €70 million flexible packaging factory is open for business

New facility in Izmit (Turkey) triples Ispak’s production capacity to 40.000 tons/year. Ispak Ambalaj (Ispak), a fast-growing and award-winning Turkish flexible packaging company, announced that its new advanced manufacturing and production facility in Izmit is operational and ready to produce for food and beverage brand owners in Europe and North America. The new €70 million…

Mondelēz International Reports Q1 Results

“We had a solid start to the year despite challenging market conditions,” said Irene Rosenfeld, Chairman and CEO. “We delivered both top-line organic growth and strong margin expansion in the quarter, while also making critical investments for our future. We remain confident in and committed to our balanced strategy for both top- and bottom-line growth, continuing to focus on…

Orkla Food Ingredients acquires Laan

Orkla Food Ingredients has published plans to acquire all of the shares of Laan Heiloo, producer of ingredients in the ice cream sector. Laan is a family-owned company in the Amsterdam area with a turnover of 5.8m Euro in 2016. Orkla Food Ingredients CEO said: “This acquisition is in line with Orkla’s desire to grow in selected…

IOI Loders Croklaan names new COO and Sales Director to forward European growth and operational excellence

IOI Loders Croklaan, producer of sustainable oils and fats for the food manufacturing industry, is strengthening its leadership team. IOI Loders Croklaan CEO Julian Veitch announced today that seasoned food veteran Holger Riemensperger will join the organization as Chief Operating Officer, Europe on April 1st, succeeding Loek Favre —who will take on the newly created…

ADM to buy Chamtor

Archer Daniels Midland (ADM) plans to acquire starch and sweeteners producer Chamtor, France. “After adding to our sweetener and starch capabilities in Eastern Europe, we are continuing to execute our strategy by expanding in Western Europe,” said ADM Europe, Middle East and Africa president Pierre Duprat. “70% of the European starch and derivatives market is…

DuPont to take on FMC’s health and nutrition business as part of swap deal

DuPont has entered into a definitive agreement with FMC Corporation to divest a portion of DuPont’s Crop Protection business, including certain research and development capabilities, and to acquire substantially all of FMC’s Health & Nutrition business. The transaction includes consideration to DuPont of $1.6 billion to reflect the difference in the value of the assets,…