News & Analysis on the Bakery and Snacks Industries
Price recovery in the US beverage can market and increased beverage can volumes in Europe helped Rexam, the consumer packaging group, report a 30 per cent rise in underlying profits for the first six months of the year.
Glanbia, the Irish dairy food producer, has reported a €40 million loss for the first half of the year in the wake of a €75 million restructuring charge relating to the closure of its UK consumer meats division.
Bunzl, supplier of food packaging and carrier bags, reported increased interim profits as it continues to benefit from the trend in outsourcing.
Danish food giant Danisco has confirmed the acquisition of flavours company Perlarom, as it expands into the Southeast Asia flavours market, according to a report from Dairy International.
Ball Corporation has agreed to acquire Schmalbach-Lubeca, the second largest beverage can manufacturer in Europe. Combined, the two companies produce more than 45 billion beverage cans annually in North America and Europe.
As part of its business development strategy in India, the paperboards division of ITC has taken the initiative to create an awareness among domestic consumers to safely package food products from indigenous sources.