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Industry News

  • Kerry Group Acquires Chinese Flavors and Fragrances Firm

    Irish food ingredients company Kerry Group acquired all of the outstanding shares of Tianning Flavour & Fragrance Co. Ltd., expanding Kerry’s presence as a supplier to food and beverage manufacturers in China, BDA Partners, who advised Kerry on the transaction, announced via press release...

  • Tylenol Maker to Pay $33M Settlement for Tainted Drugs

    43 state Attorneys General finalized a $33 million settlement with the maker of Tylenol, Motrin, Zyrtec and other common over-the-counter drugs, McNeil-PPC Inc., in the wake of allegations that the pharmaceutical manufacturer distributed contaminated products and unlawfully promoted them. “...

  • Two Injured in Silo Explosion, Fire at Mill in Oregon

    A mill worker and a firefighter received minor injuries after a fire and explosion at a mill’s lumber yard in Oregon early Wednesday morning, the Roseberg News-Review and local NBC Television News affiliate KPIC reported. Fire personnel received several reports of an explosion near the...

  • McCormick Taps Former Kraft Exec for Board of Directors

    Maker of spices and flavorings McCormick & Company appointed a retired chief executive officer of Kraft Foods Group, Tony Vernon, as a member of its Board of Directors, the Sparks, MD-based firm announced Tuesday. “Mr. Vernon brings deep consumer products industry expertise to our board...

  • Glencore Mulls North American Partnership with Bunge

    Prominent agribusiness firm Bunge Ltd. recently engaged in discussions with Glencore Plc’s agricultural unit about the prospect of forming a partnership in North America, Reuters reported Tuesday, citing information from unnamed sources. Glencore issued a statement confirming that Glencore...

  • Granules India to Invest $35M in U.S. Manufacturing Site

    Hyderabad, India-based global pharmaceutical manufacturing firm Granules India Ltd. to expand the R&D and production capabilities of its Chantilly, VA manufacturing facility with an investment of $35 million in its American subsidiary, Granules Pharmaceuticals Inc., Virginia Governor Terry...

  • Mondelez to Invest $2.9M in Expansion of Cadbury Plant

    Mondelez International plans to invest AUS $4 million, or about $2.9 million USD, in the expansion of a Cadbury chocolate plant in Australia, the Australian Associated Press (AAP) reported May 17. The food company intends to use the funds to purchase equipment that will be installed into two new...

  • Processall Opens Pilot Plant Testing Facility

    Mason, OH-based producer of mixing, drying, and reacting equipment Processall launched a testing facility at its headquarters to offer its customers data to develop processes, assist in evaluating technology, and guide businesses as they scale up to production-level equipment. Users of the testing...

  • Eastman Chemical Debuts “Breakthrough” Bioplastic Product

    Advanced materials and specialty additives firm Eastman Chemical Company said it has developed a “breakthrough” bioplastic product geared toward end users with rigorous sustainability and performance needs. “Eastman leveraged nearly 100 years of cellulosic expertise in the design...

  • Huntsman, Clariant to Merge, Forming $14B Chemical Firm

    The boards of chemical firms Huntsman Corporation and Clariant voted unanimously to approve a merger agreement that could create a new chemical player valued at about $14 billion, the companies announced by press release Monday. “This is the perfect deal at the right time. Clarient and...