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Breaking News on Confectionery & Biscuit Processing

Kraft sells Romanian business to investment fund Oryxa

US food giant Kraft Foods has announced the sale of the Cadbury owned Kandia-Excelent chocolate, sugar confectionery and cake business in Romania to Oryxa Capital, an international investment fund, subject...

Lotte group set to acquire Wedel in Poland from Kraft

Ending months of speculation, Asian confectionery giant Lotte Group will acquire the Wedel business in Poland from Kraft Foods, subject to regulatory approval.

News in brief

Cadbury heiress to launch chocolate company - reports

The heiress to the Cadbury’s fortune is to sell her £27m country estate in a bid to launch a chocolate company, according to UK media reports.

Nestle frontrunner for Kraft’s Polish chocolate firm Wedel - analyst

Kraft Foods is accepting final bids for Wedel with Nestle best placed to secure the Polish chocolate business according to one industry insider.

Takeover Panel censures Kraft over Cadbury bid

The UK Takeover Panel this week issued a rare public censure of Kraft after the company was held in breach of the executive body’s code by going back on promises...

Kraft Food pledges commitment to Cadbury Ireland

Senior Kraft Food executives pledged their commitment to Cadbury Ireland this week in discussions with the Irish minister for Enterprise, Trade and Innovation, Batt O’Keeffe.

RSSL takes on global R&D role as Kraft restructures

Reading Scientific Services (RSSL) will house an expanded global science and technology centre supporting Kraft worldwide following a radical restructuring that will also see Cadbury Bournville transformed into a global...

Kraft Q1 revenues soar by 26 percent after Cadbury acquisition

US food giant Kraft has announced first quarter 2010 revenues up 26 percent to $11.3bn after its acquisition of British food and confectionery company Cadbury.

Healthy chocolates may need more sugar: Kraft study

Ensuring consumers reap the benefits from the beneficial compounds in cocoa may mean formulating products with more sugar, suggests a new study from Kraft.

Kraft mandates banks to sell Cadbury plants

US food group, Kraft, has recruited the services of financial powerhouses HSBC and BNP Paribas to help divest it of the Polish and Romanian businesses of Cadbury, according to media...

Kraft acted 'irresponsibly' in Cadbury takeover, claims UK report

Kraft’s reputation in the UK has been badly hit by its behaviour during the acquisition of Cadbury and it should be subject to continuous scrutiny over its subsequent pledges, claim...

Kraft pledges no Cadbury job cuts for two years

US food giant Kraft issued a public apology regarding the U-turn on its pledge to keep operational the Cadbury plant near Bristol, and it also promised to ensure no job...

Kraft CEO to miss UK political inquiry on Cadbury, report

Directors of both US food group Kraft and Cadbury are being called to account at a committee of UK politicians regarding the acquisition of the Dairy Milk maker tomorrow.

News in brief

Date confirmed for Kraft probe by MPs

A committee of politicians in the UK will meet next month to investigate the controversial takeover of chocolate firm Cadbury by US food giant Kraft, reports the Press Association.

Kraft silent on pension freeze impact for Cadbury

Kraft has announced that it will begin to end pension increases for current and non-union hourly employees from year end 2019 but the US food group did not provide any...

Kraft's Milka set to go head to head with Dairy Milk in UK

The Kraft owned chocolate brand Milka is to be launched across the entire UK market from April, just weeks after the US food giant purchased Dairy Milk maker Cadbury.

FSA issues allergy warning on Cadbury product

The UK Foods Standards Agency (FSA) has issued an allergy alert regarding Cadbury Chunks Bournville, due to the fact that it contains milk, which is not an intended ingredient.

Fury over Kraft u-turn on Cadbury plant closure

Kraft Foods’s reneging on a decision to keep a Cadbury factory near Bristol in the UK open will result in the loss of 400 jobs and has drawn criticism from...

News in brief

Top management at Cadbury resign

The top management at Cadbury have announced their resignation following the takeover of the UK confectionery giant by Kraft.

Kraft bid wins over 74% of Cadbury shareholders

Kraft’s takeover of UK chocolate firm Cadbury is now unconditional, as 74 per cent of Cadbury shareholders yesterday accepted the offer of 840p per share plus a 10p dividend.

Comment

Cheesed off – jingoism takes the spoils in the Cadbury battle

Reports of my death have been greatly exaggerated, quipped Mark Twain. Predictions of the demise of Cadbury following the approval of Kraft’s offer are premature and are flawed by knee-jerk...

Hershey will not bid for Cadbury

Kraft will not face competition from Hershey to buy UK confectionery company Cadbury, it is confirmed today. But a major Kraft shareholder has come out in opposition to this week’s...

Kraft deemed winner of choc wars

Kraft is the overall winner in the battle for UK confectioner Cadbury, and it looks like the US food group has netted a bargain in the final price, claim US...

Timeline: Cadbury and Kraft do battle

Kraft has struck an £11.7bn deal to acquire Cadbury in a move that could bring to an end months of fierce corporate battles, and Confectionerynews.com has constructed a timeline of...

Cadbury recommends acceptance of new Kraft takeover bid

Kraft has struck an £11.7bn deal to acquire Cadbury in a move that could bring to an end months of fierce corporate battles.

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