Page 2 - Consumer Analysts Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Food industry news, voices and jobs. Optimized for your mobile phone.

Dive Brief: International Flavors & Fragrances published unofficial pro forma results from fiscal year 2020 and videos demonstrating the "future growth potential" of the company following its $26.2 billion megamerger with DuPont Nutrition & Biosciences division. The deal officially closed Feb. 1. IFF's Nourish division — which includes its ingredients, flavors and food design components — brought in the most sales, worth $5.8 billion last year. The Health and Biosciences division is the second largest, with nearly $2.4 billion in sales. Scent brought the combined company about $2.1 bi...

Share it This is the first article in a four-part weekly series that looks at how food and beverages companies fared during the pandemic. The second part, also published today, features charts comparing several publicly traded food companies' pandemic-period sales to those a year prior. Next week, Food Dive looks at the companies that did not follow the same growth pattern as most. While 2020 was a bad year for most businesses, many people and health in general, the food business was booming. As a whole, CPG food and beverage saw unprecedented growth, with industry sales up 12% in 2020, acco...

CPG giants reshape portfolios with significant divestitures, limited acquisitions The great SKU rationalization last Spring caused by pandemic-related supply chain constraints and consumer stockpiling not only forced CPG companies to pause production temporarily of some products, but it prompted many to reevaluate their product mix and overall portfolios long-term – triggering an industry-wide reshuffling of brands that could reset the scoreboard in the coming years. Executives of several large CPG players at the Consumer Analysts Group of New York 2021 virtual c...

This week, science and creativity officially met. The $26.2 billion megamerger of International Flavors & Fragrances and DuPont Nutrition and Biosciences, officially completed on Feb. 1, solidifies IFF's place as one of the biggest players in the ingredients space. And the revamped company's brand identity, "Where science and creativity meet," wraps up how IFF hopes to differentiate itself in the broader industry. The merger brings together IFF's expertise in food flavors and fragrances and the former DuPont division's leading positions in probiotics, enzymes and food protection. The combine...