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Krones warns Le-Nature fraud case settlement could still strike profits

Krones has warned that settlement payouts regarding its alleged participation in a massive US fraud case could still hit its 2011 bottom line, while the company reports that yearly post-tax...

Menthol and medical foods informing Symrise expansion plans

Ingredient supplier Symrise’s flavour and nutrition division is focused on expansion into the functional food arena as well as strengthening capacity to meet the "high demand" for menthol as the...

‘Innovation’ key to powdered and liquid beverage strength, Nestlé CFO

With a nod towards strong double-digit growth in powdered and liquid beverages for 2011, Nestlé CFO Jim Singh attributed the firm’s 2011 success to innovation within the marketplace.

Diageo pours cold water on P.Diddy tequila rumour, but toasts stellar Scotch performance

Diageo said today that super premium Scotch had been a stellar Chinese performer in the first half of 2011/12, but the firm poured cold water on press reports that US...

GEA food sector acquisitions focus after 2011 results boost

GEA has vowed to continue its focus on food sector acquisitions after the company’s newly acquired Convenience Food Technologies segment helped drive 2011 sales and revenue.

‘Our business was built for (volatile) times like these’, Coke CEO

Coca-Cola Company CEO Muhtar Kent says the company fourth quarter (Q4) and full-year 2011 growth – despite economic volatility, volatile commodity markets and natural disasters – testifies to the strength of the business.

Moody’s sees ‘strong strategic rationale’ for Ardagh merger with Saint Gobain subsidiary

Moody’s Investors Service has told that it sees a “strong strategic rationale” for merging glass giant Ardagh with Saint Gobain subsidiary Verallia.

Alcohol pricing bill could sabotage Scotch whisky, warns academic

A Scottish-based academic has warned that plans by the country’s legislators to introduce minimum alcohol pricing would be a ‘massive shot in the foot’ for the nation’s top global...

Consumers seek Britvic fizz in flat financial times…

Fragile fiscal confidence amongst consumers in Great Britain (GB) and Ireland means they are turning away from Britvic’s stills to its lower-priced carbonates, according to an analyst who follows the...

Cut-throat, cut-price European competition sees SABMiller beer sales stall

SABMiller said today that ‘intense competition’ within European lager led to a fall in beer volume sales during the last quarter, but the brewer told that it didn’t think...

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PepsiCo and Ocean Spray announce strategic alliance to crack Latin America

PepsiCo and Ocean Spray have annonced a strategic alliance in Latin America in a bid to strengthen the former's juice portfolio in the region and increase accessibility of the latter's...

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Diageo completes Ethiopian acquisition

Diageo claims its new acquisition of Meta Abo Brewery in Ethiopia allows it to gain access to a fast-growing market. In beer to complement its existing spirits business.

CCE catches Olympic fever but French soda tax dampens spirits

Coca-Cola Enterprises (CCE) says it is focusing on the London 2012 Olympics to spur sales, but admits that any French soda tax could lead to retail price rises there of...

Coke inks Aujan deal to catch MENA consumption wave

The Coca-Cola Company says its agreement to acquire around 50 per cent of Middle Eastern beverage firm Aujan Industries will boost the latter’s regional sales and those of soft drink...

Hollywood A-list vodka brand sparks legal dogfight

An investor behind a super-premium vodka brand whose website features US celebrities such as Meryl Streep is involved in a bitter legal battle with its creators, who have called him...

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Foster's CEO steps down

Foster's Group CEO John Pollaers has announced that he will step down from his current position on December 16, following SABMiller's successful acquisition of the company.

Provexis keeps Fruitflow powder dry, axes UK R&D facility

UK plc Provexis plans to shut its UK research and development (R&D) facility, as the company seeks to reposition itself within the sports nutrition market and co-develop a powder version...

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Foster's chair hails 'historic day' as shareholders rubber-stamp SABMiller takeover

87.2 per cent of shareholders present at a scheme meeting voted in favour of accepting SABMiller's offer, and Foster's chairman David Crawford thanked them for...

Britvic eyes ‘fruit shoot’ growth opportunity in US

UK beverage firm Britvic announced today that it had signed three major distribution deals in the US, as it pursues international growth for its brand portfolio via a ‘three-pronged’ strategy.

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SABMiller gains final regulatory approval for Foster's takeover

SABMiller has gained final regulatory approval from the Australian Federal Treasurer for the acquisition of Foster's, following a recommendation from the Foreign Investment Review Board (FIRB).

MeadWestvaco vows packaging focus after office ops spin off

MeadWestvaco Corp (MWV) said the sell-off of its office products division will add US$460m into its coffers and allow it to focus on its packaging businesses.

Rexam faces challenge of lower 2012 GDP growth in major markets

Rexam CEO Graham Chipchase has identified a slowdown in gross domestic product (GDP) growth within ‘several major markets’ as a key challenge for the company heading into 2012.

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Rexam's chairman of the board announces retirement

Multinational packaging firm Rexam announced today that chairman Sir Peter Ellwood has retired and will leave the company on February 22 2012.

Hansen prepares for 2012 launch of 16.9oz Uber Monster 'brewed energy drink'

Monster Energy maker Hansen Natural Corporation will unveil a novel, non-alcoholic “brewed energy drink” next year called Uber Monster, its boss has revealed.

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Wild closes deal with mint flavour house AM Todd

Switzerland-based Wild Flavors has finalised the acquisition of US based AM Todd, a producer of natural mint flavors and value-added mint ingredients, and also has specific technologies for organic flavors...

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