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Food & Beverage

Solvay Agrees to Buy Rhodia for $4.8 Billion

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Solvay, the Belgian soda ash maker, has agreed to buy Rhodia SA of France for 3.4 billion-euro ($4.8 billion) in cash to add specialty chemicals spanning ingredients for moisturizers and
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Japanese Food Producer Nippon Shokken Plans California Plant

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Bizjournals reports, Japanese food producer Nippon Shokken has purchased ten acres in West Sacramento, Calif., to build a $16 million headquarters that will employ about 100 people, the company announced.
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Asia to Test Japan Food Imports for Radiation

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Reuters reports, South Korea, Hong Kong, Singapore and the Philippines will test Japanese food imports for radiation, officials said on Monday, and other countries may also step up monitoring as
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Global Foods Announces Plans for Iowa Site

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The Associated Press repots, Global Foods Processing Inc. has announced plans to expand its operation in Sioux City, Iowa, with the construction of a new facility on the site
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Heinz 3Q Profits Up, Buys Stake in Brazilian Co.

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H.J. Heinz Co. announced a major step in its push into emerging markets -- the purchase of an 80 percent stake in a Brazilian food company, reports the Associated Press.
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Tyson to Pay $5.2 Million to Settle Mexico Payment Claims

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The Associated Press reports, Tyson Foods Inc. is paying $5.2 million to settle with the U.S. government over claims that its Mexican poultry subsidiary made payoffs to get products certified
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General Mills, Nestlé Open New Innovation Center in Switzerland

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General Mills and Nestlé invest in continued success of 20-year breakfast cereal partnership by opening an innovation center for Cereal Partners Worldwide, (CPW), a joint venture between the two
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Archer Daniels Midland Gives University $10 Million to Study Crop Loss

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Global grain processor, Archer Daniels Midland Co., said it’s giving $10 million to fund an institute at the University of Illinois at Urbana- Champaign to minimize post-harvest grain and oilseed
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Canadian Government, Food Processing Industry Launch Project

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Marketwire reports,Canada has launched the Industry-Government Food Processing Action Plan, a pilot project to actively promote the high-quality foods that Canadian farmers and food processors produce. The "Growing the Canadian
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UK Report: World Needs Global Food System Overhaul

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The world needs fundamental changes to the global food system to feed the expanding population, according to a British government report on how to feed the planet until 2050, reports
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