Chr. Hansen, Inc., says that it will raise the price of select products within its dairy ingredient portfolio for customers in the USA and Canada. The company says the price increase is a result of continued high-energy costs and related rise in manufacturing and transportation costs, as well as the cost of raw materials and increased biosecurity and food safety measures. "Until now, we have drawn on other options to avoid passing on any of these increased costs to our customers," says Chr. Hansen-North America pres. and CEO Donald Combs. "Through restructuring and efficiency programs, we have maintained the price of our dairy ingredient products for sometime. Unfortunately, external factors beyond our control have created pricing pressures, and make a price increase unavoidable. However, we are doing everything we can to minimize the impact the increase will have on our customers."
Having recently reported a nineteenth consecutive quarter of growth and improved results, Frutarom Industries Ltd. announced last month the completion of its acquisition of the fruit preparations business in Germany and Switzerland of International Flavors & Fragrances, Inc. The acquired fruit preparations businesses, include activities conducted at the modern plants in Emmerich, Germany and Reinach, Switzerland, as well as related inventory and intellectual property. IFF's fruit preparations business in Europe recorded revenues of $90 million in 2003.