business news
Meadow Foods reports on a successful 2019
Meadow Foods, a UK independent dairy and supplier of value added ingredients to the food industry, has reported a pre-tax profit of £25.6m (£22.0m 2018) on a turnover of £456m (£427m 2018) to 31 March 2019, an increase of 16%.
Grundfos Philippines appoints new general manager
Pump manufacturer Grundfos has appointed Jonathan Breton as general manager of Grundfos Philippines.
Fonterra appoints interim CEO for Greater China
Fonterra has appointed Teh-Han Chow as its interim CEO for Greater China.
Hochdorf sells Pharmalys stake
The Hochdorf Group in Switzerland has sold its 51% majority stake in the Pharmalys Group acquired at the end of 2016 to Pharmalys Invest Holding, which is controlled by Amir Mechria.
Wyke Farms’ cheese grader Diane Cox joins board of directors
Wyke Farms, the UK’s largest independent cheese producer, and producer of renewable energy, has named Diane Cox as group technical director, responsible for all business quality and technical functions.
Royal DSM to acquire CSK
Royal DSM, a global science-based company in nutrition, health and sustainable living, will acquire 100% of specialty dairy solutions provider CSK for about €150 million.
Fonterra MD, People & Culture resigns
Fonterra has announced that Deborah Capill, managing director – people & culture, has resigned. Deborah is set to leave the co-operative in February 2020 to pursue a change in career.
Maria Neeve joins Meadow Foods as deputy CFO ahead of Damian McDonald’s retirement
Meadow Foods, a supplier of dairy-based ingredients and inclusions to the food industry, has appointed Maria Neeve as deputy chief financial officer and member of the executive board.
Tate & Lyle opens new Latin American headquarters
Provider of food and beverage ingredients and solutions, Tate & Lyle, has opened its new and expanded Latin American headquarters in Sao Paulo, Brazil.
Arla Foods announces departure of CFO
Arla Foods has announced that its CFO Natalie Knight has accepted the role of executive vice president, finance, of Dutch-Belgian retail group Ahold Delhaize, and will leave the company on 29 February 2020.
Wensleydale to increase cheese production with £17.9m investment
North Yorkshire’s Wensleydale Creamery is investing in new equipment to increase production capacity following a £17.9 million (€20.7m) deal with UK bank, HSBC.
Fonterra appoints chief operating officer
Fonterra has appointed Fraser Whineray to its management team in the newly created role of chief operating officer, starting in early 2020.
FrieslandCampina Ingredients identifies major F&B trends
FrieslandCampina Ingredients Food & Beverages has identified three major trends in the global food and beverage market in its first annual Trend Report.
Wells Enterprises acquires Halo Top
Wells Enterprises, one of the US’ largest ice cream manufacturers, has acquired Halo Top, the low-calorie ice cream brand from Eden Creamery.