Mondelez International made a notable investment in Asia with a deal to buy 80% of the snacks arm of Vietnamese group Kinh Do. Staying in Asia, Singapore’s Olam International revealed it was in talks over “corporate development opportunities” – and we continued our run of interviews, featuring rice supplier Amira Nature Foods, Finnish dairy group Valio and Canadian dairy-free firm Daiya Foods.
Mondelez to acquire 80% of Kinh Do Corp.’s snack unit
Mondelez International has struck a deal to take an 80% stake in Vietnamese food group Kinh Do Corp.’s snack business for VND7.85trn (US$370m).
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Olam reveals talks after shares jump
Singapore-based agri-food group Olam International has said it is in talks on “corporate development opportunities” after its shares rose sharply, prompting a stock market request for information.
Just Mayo CEO: We’re on the right side of the law
Hampton Creek has asserted it is “right” in labelling its eggless condiment as a mayonnaise following a lawsuit from Unilever which claims the Just Mayo product is a fraud and damaging to the sector.
French retailers sign up to supplier charter
French retailers are lining up to show their support for the introduction of a national charter for responsible supplier relations.
Pinnacle Foods to acquire plant-protein food brand Gardein
US food group Pinnacle Foods is to buy Canada-based plant-protein firm Garden Protein International for C$175m (US$154.6m), from investment firm TSG Consumer Partners and founder Yves Potvin.
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By GlobalDataWhiteWave ups forecasts after “record” Q3
Alpro and Silk owner WhiteWave Foods today (10 November) lifted its forecasts for 2014 sales and underlying earnings per share after reporting a “record” third quarter.
just the answer: Daiya Foods CEO Terry Tierney
Canada-based dairy-free business Daiya Foods this summer appointed a new CEO. Director Terry Tierney – former chief marketing officer of Frontier Natural Brands and founder of Rocky Mountain Natural Foods – replaced Greg Blake, who set up Daiya in 2008. Dean Best spoke to Tierney to discuss the company’s plans for further growth in a buoyant – but competitive – free-from sector in North America.
Interview: Amira targets growth as a “global food brand”
Rice supplier Amira Nature Foods is aiming to grow the global presence of its Amira brand from the group’s stronghold in the Indian market. Amira believes it can capitalise on the “white space” represented by branded basmati rice – as well as diversifying into other food categories. Katy Askew spoke to Tobias Strerath, Amira business development director, to learn more.
Interview: Valio hopes to overcome Russian woes
Valio is facing some significant challenges at present. The firm is grappling with the closure of the Russian border as well as the decline in industrial markets for dairy ingredients. As a result, Valio has been forced to cut costs and reduce its headcount. However, the company is also working to identify new growth avenues, such as its lactose-free technology. Katy Askew spoke to Kari Finska, SVP of Russia and eastern markets for Valio, to find out more.
