NEW YORK — International Flavors and Fragrances (IFF) plans to acquire natural ingredients firm Frutarom for $7.1 billion, the company announced this week, in its goal of becoming the world’s top natural ingredient and flavor supplier. “Frutarom has had a fascinating journey of accelerated growth,” said Ori Yehudai, Frutarom president...
New York, NY - New York Attorney General Eric Schneiderman. a longtime adversary of the supplements industry, has abruptly resigned after being accused of physically assaulting four women, according to a report in the The New York Times. He announced his resignation after The New Yorker ran an article on...
Lake Success, NY – Hain Celestial, an organic and natural products company, continues to miss estimates, with earnings that dipped in the U.S., and profits that decreased from last year. During a third quarter earnings conference call, Irwin D. Simon, founder, president and CEO of Hain Celestial, admitted it was a...
Basel, Switzerland — Lonza reported a positive start, led by its contingent of healthcare businesses, during its quarterly earnings call. The former Capsugel business, now part of Lonza Pharma & Biotech and Lonza Consumer Health, performed well in the first quarter of 2018, with integration continuing as planned, following good...
Quebec, CN - Fruit d’Or Nutraceuticals has entered into the personal care and cosmetic industry. The leading supplier and processor of premium-quality organic cranberry ingredients has signed a memorandum of understanding (MOU) with Hydromer, Inc. to create patented antimicrobial/antioxidant personal care and cosmetic products using Fruit d’Or’s next-generation five-star organic...
Washington, D.C. - Food manufacturers have received an 18-month extension for meeting updated nutrition and serving size requirements on product labels. The U.S. Food and Drug Administration issued a final rule — published in the Federal Register — saying it was extending compliance dates for providing updated nutrition information on the...
Phoenix, AZ — Tightness in produce categories early in the quarter limiting the store's ability to promote caused Sprouts Farmers Market's comp-store sales to drop in the first quarter of 2018, the company reported. During a 1Q 2018 earnings call, the natural food grocer cited comparable store sales growth of...
Salt Lake City, UT - The United Natural Products Alliance (UNPA) has signed memoranda of understanding (MOU) agreements with three single-ingredient trade associations and the Trust Transparency Center (TTC), which serves as the administrative umbrella for the associations, in an effort to continue to promote transparency within the dietary supplement industry.
In a step that looked like it was coming since she started rebranding herself around her best-selling book “Glow 15,” Naomi Whittel announced she will focus on new entrepreneurial endeavors and has stepped down as CEO of Twinlab Consolidated Corp. Whittel has long personified the benefits of nutritional supplements and...
In a continued consolidation of the testing industry, Eurofins Scientific, a leader in bioanalytical testing, has agreed to acquire Covance Food Solutions from Lab Corp. for $670 million, the company announced. Covance Food Solutions provides product integrity, product safety and consulting solutions for segments that span the entire food supply...
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