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Breaking News on Confectionery & Biscuit Processing

News > Manufacturers

UB acquisition by Kellogg makes sense, says expert

Kellogg buying United Biscuits would make sense, according to an expert with prior senior history at UB, as media speculation over the possibility of such a deal intensified.

Cocoa costs rip into Nestlé confectionery operating profits

Nestlé has taken a 24% hit in first half confectionery operating profits due to spiraling cocoa costs and intense competition.

Retailer opposition to Mondelēz chocolate price hikes

Mondelēz International grew slower than the overall chocolate market in H1 after raising wholesale prices earlier than competitors.

Nutresa chocolate arm rocked by rising cocoa costs

Colombia’s leading chocolate firm Grupo Nutresa has reported a drop in earnings for its chocolate division in Q2 due to mounting cocoa costs.

Dubai’s Delice chocolate brand launches in Harrods

Dubai chocolate maker Delice has started selling its products in London department store Harrods’ chocolate room, and plans launches in three more markets this year.

Nestlé to source 100% sustainable cocoa for UK and Ireland by 2015

Nestlé’s will use sustainable cocoa for 100% of its UK and Ireland portfolio by the end of 2015, up from its current 60% mark.

German choc firm shifts packaging to Poland in search of cheaper labor

Hachez, owned by the Danish Toms Group, will move part of its packaging production from Germany to Poland in an attempt to claw back some of its recent losses.

New Zealand

Taura claims its fruit pieces are the world's smallest

Kiwi fruit products company Taura Natural Ingredients has introduced what it claims is possibly the world’s smallest real fruit pieces.

There can be only one: Hershey granted interim injunction against senator Steve Hershey

The Hershey Company has won a preliminary injunction to prevent Maryland state senator Steve Hershey from using signs to promote his campaigns that allegedly infringe the chocolate company’s trademarks.

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.       

News in brief

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.

News in brief

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...

News in brief

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...

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