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Industry News

  • Ingredion to Acquire Food Texture Systems Firm TIC Gums

    Ingredient solutions provider Ingredion Inc. entered into a stock purchase agreement to acquire TIC Gums Inc., a private American company that provides gum-based texturizer systems to the food and beverage industry, for $400 million, the Westchester, IL-based company announced Tuesday. “As a...

  • U.S. Specialty Chemicals Markets Gather Momentum

    The American Chemistry Council (ACC) reported that U.S. specialty chemicals market volumes rose 0.4 percent in November. This follows a revised 0.1 percent gain in October and a 0.2 percent gain in September. Volumes have generally been moving up since May. All changes in the data are reported...

  • ExxonMobil: Global Energy Demand to Grow by 25% by 2040

    Population growth and rising living standards in developing nations are expected to drive global energy demand up by 25% through 2040, according to a new ExxonMobil outlook report on global energy demand. Global energy demand for the industrial sector is projected to rise by 25% during the same...

  • Animal Feed Plants Erected in Indonesia by CJ Cheiljedang

    The largest food company in South Korea, CJ Cheiljedang Corp., announced Tuesday that two animal feed plants were recently completed in Indonesia, raising the company’s annual capacity to 2.8 million tons, according to a report Tuesday from South Korean news wire service Yonhap. A facility...

  • Tyson Announces $13.5M Kentucky Chicken Plant Expansion

    Tyson Foods Inc. subsidiary Tyson Chicken Inc. plans to initiate a $13.5 million expansion of a chicken processing plant in Robards, KY that will add 66 jobs to the site’s payrolls, Kentucky Governor Matt Bevin announced Tuesday in a press release, according to several local media reports....

  • AB Mauri North America Acquiring Specialty Blending Firm

    Yeast and bakery ingredient products and solutions provider AB Mauri North America formed an agreement with Flowers Foods Inc. to acquire the Thomasville, GA-based company’s subsidiary Specialty Blending Co. LLC, a bread and sweet goods mix manufacturer near Cedar Rapids, IA, Flowers Foods...

  • Tyson Foods Names AutoNation CFO to Board of Directors

    The chief financial officer for America’s largest auto retailer has been named to the board of directors of Tyson Foods Inc. Cheryl S. Miller, 44, executive vice president and chief financial officer for AutoNation Inc., joined the Tyson Foods board effective December 14, 2016. She...

  • Mosaic Co. to Buy Fertilizer Business from Brazilian Firm

    Potash and Phosphate crop nutrient provider Mosaic Company announced an agreement to acquire Brazilian firm Vale S.A.’s Vale Fertilizantes business in a move that could position Mosaic as the leading fertilizer producer and distributor in Brazil, the Plymouth, MN headquartered company...

  • Berry Plastics Names New Consumer Packaging Unit President

    Provider of plastic consumer packaging, nonwoven specialty materials, and engineering materials Berry Plastics appointed Jean-Marc Galvez as president of the consumer packaging division, the Evansville, IN company announced Monday. Currently serving as president for Europe, Middle East, India and...

  • Worker Dies After Fall into Hopper at Atlanta Sand Mine

    A 62-year-old worker was found dead in a hopper on Monday morning at an Atlanta Sand & Supply Co. plant in Roberta, GA, several news organizations reported. Officers responded to a report of a person down the facility at about 5:20 a.m., finding the worker had fell into a sand hopper at the...