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Manufacturers

Follow the latest business news from the confectionery industry’s leading players such as Mondelēz International, Mars-Wrigley, Ferrero, Hershey, Haribo, Perfetti Van Melle and Nestlé and track developments at firms such as Lotte, Ülker, Arcor, Cloetta, Jelly Belly and Lindt.

Hershey misses sales target in Q2

Hershey has fallen slightly short of its net sales growth target in the second quarter but expects a strong Halloween and Christmas.       

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Petra Foods appoints Saatchi & Saatchi for creative direction

Singapore-based Petra Foods has appointed ad agency Saatchi & Saatchi to oversee the creative stategy for its SilverQueen and Delfi Top brands.

‘New chapter’ in sourcing: Ritter controls supply chain with own cocoa plantation in Nicaragua

Ritter Sport has purchased land for a cocoa plantation in Nicaragua to eventually cover 30% of its cocoa needs and give it greater control of its supply.

Mars Chocolate North America follows Nestlé and Hershey with price hike

Mars Chocolate North America has become the latest to introduce wholesale price increases after similar moves from Nestlé and Hershey.

Yowie lays US distribution nest egg

Toy-filled chocolate egg firm the Yowie Group has secured US distribution with large C-store chain Valero Corner Store.

BBX Capital adds Helen Grace Chocolates to premium choc trove

BBX Capital has made California-based firm Helen Grace Chocolates its forth US premium chocolate acquisition in eight months.

Philippine food major buys New Zealand snack firm Griffin’s

Universal Robina Corporation (URC) has snapped up New Zealand snack giant Griffin’s Foods for NZ$700m ($606.6m) in a move it says should bolster its presence in the Asian snack sector....

United Biscuits’ private equity owners coy on flotation

United Biscuits joint owners Blackstone and PAI partners have refused to comment on speculation that they are preparing the company for a public flotation.

AAK reports 'record' Q2 profits, acquires Frita brand from Unilever

A 40% increase in operating profits for its chocolate and confectionery fats business unit helped AAK to 'record high' results in Q2, while the firm continues its expansion with a...

Lindt to ride cocoa cost surge without widespread price increases

Lindt & Sprüngli has no plans to introduce sweeping wholesale price increases in response to rising cocoa costs, according to its CEO.

Cloetta still window shopping after sales gains

Scandinavian confectioner Cloetta has recorded sales and profit growth in the second quarter driven by acquisitions and says it is eyeing further buys.

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Ferrero acquires hazelnut supplier Oltan

The world’s biggest hazelnut buyer Ferrero has purchased the world’s largest hazelnut processor The Oltan Group for an undisclosed sum.

Hershey follows Nestlé with price hike

Hershey has upped its global wholesale prices by 8% after responding to rising commodity costs including cocoa, dairy and nuts.

Cadbury’s Australia factory subsidy under fire

Australia’s opposition party has called for Cadbury’s A$16m government funding to upgrade its Claremont plant to be redirected to West Coast development projects.

Lindt buys Russell Stover: But life’s no longer like a box of chocolates in the US

Lindt’s Russell Stover acquisition gives it a stronger US foothold, but only in a declining category, say analysts, who argue expansion in emerging premium chocolate markets may have been a...

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Deal to acquire Russell Stover catapults Lindt into third place in US chocolate market

Swiss chocolate maker Lindt & Spruengli has struck a deal to buy US candy firm Russell Stover, turning Lindt (which already owns Ghirardelli) into the third-largest chocolate maker in the US behind...

Health ‘a strategic priority’ says Mars as it creates specialized health chief role

Mars has flagged health as a leading priority and has named Debra Sandler, former Mars Chocolate North America president, as chief health and wellness officer for the global company.

Will the UK’s first superfood truffles hit the functional choc sweet spot?

As start-up food business Sweet Virtues claims to be launching the UK’s first hand-made ‘superfood’ truffles, one industry pundit questions whether confectionery with a health dimension will ever move beyond...

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Rev7 gum maker Revolymer appoints new CEO

Degradable gum firm Revolymer has appointed Kevin Roger Kenneth Matthews as its new CEO.

Thorntons and Booker results: at a glance

High street confectioner Thorntons and cash and carry specialist Booker both posted financial results today (July 9).

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Candyking loses out to Cloetta as Coop pick & mix supplier

Coop Sverige has severed ties Swedish pick & mix firm Candyking and announced a deal with Cloetta to for a natural snacks pick & mix range.

Dori Alimentos looks to score in World Cup with its power player - peanuts

The World Cup will boost sales of peanut-based snacks in Brazil by as much as 30% in Q2, according to Brazil's leading peanut-based candy and snacks producer Dori Alimentos.

Arriba! Arriba! Nestlé taps fine flavor beans for Ecuadorian chocolate plant

Nestlé has opened a $16m chocolate molding and packaging line that will use fine flavor Arriba cocoa beans.

BBX Capital continues premium choc spending spree with Jer’s buy

Investment firm BBX Capital has snapped up another US premium chocolate company - Californian-based Jer’s Chocolates - and is on the look out for more buys, its president says.

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Buttermilk Confectionery to build $850,000 plant

UK handmade fudge maker Buttermilk Confectionery has acquired a new factory that doubles its production space.

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