Carlingford Oyster Company invests in new production facilities
Food and Drink Business Magazine
by mike
1d ago
The award-winning Carlingford Oyster Company has improved efficiencies and the quality of its harvest following an investment of more than half a million euros in new machinery and production facilities. The County Louth business, which celebrates its 50th anniversary this year, is producing 250 tonnes – the equivalent of 2.5 million oysters – a year, and has its eyes set on increasing exports to Europe. The business invested €535,000 in upgrading its facilities with the support of a €142,000 grant under the Brexit Sustainable Aquaculture Growth Scheme implemented by Bord Iascaigh Mhara ..read more
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Ireland’s food and drink producers get welcome boost from Maxol’s Homegrown programme
Food and Drink Business Magazine
by mike
3d ago
Having received over 100 applications in 2023 from food and drinks businesses all looking for support, mentorship and an opportunity to secure prime retail shelf space, Maxol has launched year two of its Homegrown at Maxol programme.  According to Maxol Group CEO, Brian Donaldson, the inaugural programme highlighted the genuine need within the food and drinks sector for a support programme of this nature. “The response from Ireland’s SMEs and the number of entries received last year were instrumental in our decision to relaunch Homegrown at Maxol for 2024,” said Brian Donaldson. What’s i ..read more
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CGA Prestige Foodservice Price Index sees UK inflation dip below 10% for the first time in two years
Food and Drink Business Magazine
by mike
1w ago
Inflation as measured by the CGA Prestige Foodservice Price Index (FPI) fell below 10% in March for the first time in two years. This welcome milestone for the sector follows the largest month-on-month decline ever recorded by the Index of 1.4%. The softening of inflation has also been seen in the Consumer Price Index (CPI) for food, which indicated only a marginal increase of 0.1% in March. However, the rate in the Foodservice Price Index remains more than double the level of retail, which stands at 4.0% year-on-year. While only one FPI category decreased in price year-on-year in M ..read more
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Reducing Manufacturing Waste for Cost Efficiency
Food and Drink Business Magazine
by mike
1w ago
By Kati Hope, Global Account Manager, Mettler-Toledo Product Inspection This article looks at how food manufacturers can enhance the optimisation of raw material resources and reap the rewards of heightened productivity through the strategic implementation of product inspection technology. In today’s food manufacturing hustle, being smart about resources is like scoring a win-win jackpot. Think about it – being considerate to the planet, others and, of course, our precious resources are crucial to longevity and success. In particular for food manufacturers, this eco-conscious approach is not ..read more
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Campari Group completes €1 billion acquisition of Courvoisier
Food and Drink Business Magazine
by mike
2w ago
Campari Group has announced the successful completion of the acquisition of 100% of Beam Holdings France S.A.S. (now renamed Courvoisier Holding France S.A.S.), which in turn owns 100% of Courvoisier S.A.S., the owner of the Courvoisier brand, in accordance with the terms of the acquisition agreement disclosed on December 14th, 2023. The purchase price paid amounted to US$1.17 billion (corresponding to €1.08 billion at the hedged currency rate). At closing, the book value of maturing inventory estimated at April 30th, 2024 and included in the price paid was ..read more
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Arla Foods Ingredients to acquire Volac’s Whey Nutrition business
Food and Drink Business Magazine
by mike
2w ago
Arla Foods Ingredients has reached an agreement to acquire Volac’s Whey Nutrition business. The UK-based Volac group specialises in turning whey into ingredients for sports nutrition, with by- products being sold for food and animal nutrition. At its heart is its whey processing facility in Felinfach in Wales. Completion of the transaction is expected later this year subject to required regulatory approvals. The acquisition would play a significant role in Arla Foods Ingredients’ future plans. It envisions the Felinfach site as a global production hub and a cornerstone of an enhanced product ..read more
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Norbev increases turnover by over 50% following £300,000 investment in skills development
Food and Drink Business Magazine
by mike
3w ago
Ballymena -based soft drinks manufacturer, Norbev has increased its turnover by over 50 per cent following an investment of almost £300,000 in the up-skilling of its staff. Founded in 1919, Norbev manufacturers beverages and soft drinks for customers including Aldi, Suntory (Lucozade), Talking Rain and Capri Sun, and exports 98 per cent of its products to markets outside of Northern Ireland, including Great Britain and Europe. Shona Blythe, Managing Director of Norbev, said: “In response to a business transformation, we identified the need to significantly invest in the development of our sta ..read more
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The next generation of on premise consumers: how to win Ireland’s Gen Z spend
Food and Drink Business Magazine
by mike
3w ago
Gen Z consumers are some of most frequent visitors to Ireland’s pubs, bars and restaurants. However, younger adults have been more affected by the cost-of-living crisis than older consumers – Gen Z spends an average of €122 a month on eating and drinking out €20 less than Ireland’s average of €144. With their spending under pressure, they need to be engaged with the right combination of value, range and visual appeal. These are among the insights from CGA by NIQ’s latest OPUS research into people’s engagement with the on premise, which helps suppliers unlock ..read more
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Glanbia to expand its Nutritional Solutions business with $300 million acquisition
Food and Drink Business Magazine
by mike
1M ago
Glanbia plc, the Better Nutrition company, has agreed to acquire US-based Flavor Producers LLC for an initial consideration of $300 million plus deferred consideration. Flavor Producers is a leading flavour platform in the US, providing flavours and extracts to the food and beverage industries, with a focus on organic and natural ingredients. Glanbia will operate Flavor Producers within its Glanbia Nutritionals (GN), Nutritional Solutions (NS) business. The transaction is consistent with Glanbia’s strategy of acquiring complementary businesses to grow its Better Nutrition platforms. Flav ..read more
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Booze brands remain on top in annual ranking of top 25 Irish brands
Food and Drink Business Magazine
by mike
1M ago
Valued at EUR2.4 billion, Guinness remains the most valuable Irish brand for the third consecutive year, according to new data from Brand Finance, the world’s leading brand valuation consultancy. Guinness continues to leverage its unique heritage and authentic brand story to stand out in a crowded beer market, with associations like St. Patrick’s Day and the Six Nations Rugby strengthening the brand’s familiarity. Henry Farr, Associate Director at Brand Finance, commented: “Guinness’ position as the most valuable Irish brand once again is a testament to its rich herit ..read more
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