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Kraft weighs-up Cadbury Somerdale site sale bids

Kraft is considering bids from developers interested in buying the iconic former Cadbury factory in Keynsham, while the site's equipment is being sold via an online auction.

Blackstone Group realises Tangerine dream

US private equity firm Blackstone Group has bought a majority stake in Blackpool-based Tangerine Confectionery, FoodManufacture.co.uk understands, while management has also reinvested in the firm.

Deal could see Nestlé gain fast-track access to China’s $6bn sweet market, analyst

Swiss food giant Nestlé is in talks to buy leading Chinese confectionery firm Hsu Fu Chiin, a deal that would cost about $2.6bn.

News in brief

Border Biscuits invests £2.5m in plant

Border Biscuits is investing a further £2.5 million to increase manufacturing capabilities and plant capacity over the next 18 months as the Scottish biscuit maker targets a 50% turnover increase...

Thorntons franchises retail future by closing 120 own store outlets

Thorntons announced today that it plans to close at least 120 own stores, replacing many with franchised outlets, and will also seek savings of more than £2m a year by...

Wirral Borough Council offered Burton's £450,000 not to crunch biscuit plant

Wirral Borough Council says it ''left no stone unturned'' in trying to persuade Burton’s Foods not to close its Moreton biscuit factory, and even offered the company a £450,000 grant...

Serbian confectionery industry receives €250m loan from European Investment Bank

The European Investment Bank (EIB) is to give a €250m loan to Serbia to boost the export of the country’s confectionery industry.

Kraft ‘secrecy’ a threat to Cadbury future, union

Unite the Union has warned that Kraft’s secrecy regarding its intentions for Cadbury workers is a threat to the security of their jobs.

News in brief

David West leaves Hershey to lead Del Monte

 David J. West has resigned from the top job at Hershey’s to take on the role of CEO at Del Monte – and John P. Bilbrey has been appointed as...

Palsgaard acquires all shares in Emulsion Holland

Palsgaard has aquired the remaining 50 per cent share of Emulsion Holland and its South African subsidiary as it looks to leverage new technologies for chocolate emulsifiers in the future.

IFF reports strong Q1 growth aided by beverages and confectionery

Double-digit growth in the beverage, savory and confectionery sectors helped International Flavors & Fragrances to achieve revenue of $714m in the first quarter of this year; nine per cent up...

Thorntons: far from chocolate heaven in 2011?

Former Thorntons chairman Peter Thornton says the firm's current woes are due to an unduly large shop chain, poorer product quality and "extremely bad" retail marketing.

Blackstone eyes stake in UK confectioner Tangerine

Private equity group Blackstone is close to acquiring the stake owned by investors Growth Capital Partners in Tangerine Confectionery, the largest British manufacturer of sugar confectionery and branded popcorn, claim...

Nestlé UK may be tempted to stay in Croydon

Nestlé UK may keep its headquarters in Croydon, despite reissuing a warning that it is "reviewing other options" outside the London borough in a bid to escape its dilapidated site...

AAK plans more ‘rationalisation’ to focus on specialty products

AAK is taking its rationalisation to a new stage in Q2 2011 as it repositions away from commodities towards higher value-lower volume specialty food ingredients.

Price hikes underpin strong growth at Kraft during Q1

Kraft Foods has reported strong sales and profit growth in the first quarter as it increased prices and advertising efforts for core brands to tackle higher commodity costs.

Callebaut expands supply deal with Hershey

Reflecting the continuing industry trend toward outsourcing, Barry Callebaut said a new supply deal it has agreed with Hershey will put its annual deliveries beyond the current 80,000 metric tonnes.

News in brief

Cadbury launches new pampering range

Cadbury is venturing into beauty products with the launch of a branded pampering range in the UK.

Thortons blames hot weather for sales dip, warns on profits

UK confectionery manufacturer and retailer, Thorntons, has issued a profit warning citing the hot weather conditions over the Easter trading period as a factor in its poor own stores sales.

Brazil: Kraft capitalises on chocolate and biscuit growth

Kraft Foods is leveraging the growing trend for chocolate and biscuits in developing markets with the opening of a new $80m production facility in Brazil.

“Artisanal customers needn’t worry”, says Puratos post-Latvian acquisition

Belgian supplier Puratos says its undisclosed acquisition this week of 17-year-old Latvian fruit fillings firm, Pure Food, is about expansion into the central and eastern European and Nordic regions –...

Expansion beyond US and new products fuel Hershey gains

Hershey clocked a profit for the first quarter of 2011, with it citing new product launches, expansion outside the US and a 30 percent increase advertising spending as key to...

Cadbury and Nestlé cite eco gains after packaging waste warning

Cadbury and Nestlé say their Easter egg packaging is meeting high sustainability standards, amid calls from a UK government authority for confectioners to further reduce this seasonal packaging and ensure...

Browne's Chocolates saved from liquidation

Former Harrods supplier Browne’s Chocolates has been bought out of liquidation by entrepreneurs who previously transformed a Cornish brewer, FoodManufacture.co.uk can reveal.

News in brief

Ferrero owner dies in cycling incident

Italian chocolate magnate Pietro Ferrero has died in South Africa after an apparent heart attack while cycling.

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