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Breaking News on Confectionery & Biscuit Processing

Sectors > Candy

Hershey moves forward with nutrition facts panel despite FDA’s delay

Hershey has decided to update its nutrition facts panel across its portfolio this fall, starting with some of the power brands including Hershey’s Kisses Milk Chocolate. 

M&A

Ferrara Candy may acquire Nestlé’s US confectionery business

Gummy maker Ferrara Candy is reportedly going to participate in an auction for Nestlé’s US candy business, according to a report by Reuters.

Raisio cuts earnings guidance amid UK confectionery challenges

Raisio has reduced its 2017 guidance after production and commercial challenges in its UK confectionery business.

Simple ingredients renovation

Next step: Mondelēz to cut sugar, salt, sat fat and artificial ingredients in power brands

Cadbury owner Mondelēz International plans to renovate its power brands with simpler ingredients and improved nutrition after meeting some of its well-being targets early.

Russell Stover Chocolates names Andrew Deister as new CEO

Andrew Deister has succeeded Andreas Pfluger as Russell Stover Chocolates CEO. 

African consumers trading up in sugar confectionery

Sugar confectionery value sales in Africa are projected to grow as consumers trade up for medicated sweets and soft gummies.

Local chocolate players remain competitive in West Africa as regional sales set to grow

Retail value sales of chocolate confectionery in West African countries, like Nigeria and Cameroon, have experienced steady growth over the past five years, according to Euromonitor International.

Shopper Insights

Sugar confectionery in top 10 grocery categories consumed out of home

Sugar confectionery is one of the main grocery categories consumed out of home, indicating an untapped opportunity for packs designed for picnics and other occasions, finds research by Shopper Intelligence.

M&A

McClain’s Old Florida Gourmet set to double sales upon Nassau Candy acquisition

Specialty confectioner, Nassau Candy Distributors, has announced it will combine McClain’s Old Florida Gourmet with its own distribution division, Nassau Candy South.

IFT 2017

Cargill to launch new stevia sweetener for chocolate and candy

Cargill will launch EverSweet, a new stevia product that combines Reb M and Reb D, for US confectionery makers in 2018.

Mondelēz sales hit by cyberattack but outlook unchanged

Mondelēz International says a cyberattack on its systems has been contained, but may harm revenues in its second quarter.

Katjes International acquires Cloetta’s struggling Italian arm

Katjes International has snapped up Cloetta’s Italian operation for SEK 450m ($54.3m*).

IFT 2017

Steviana offers bitterness-free stevia for US candy and chocolate firms, claims developer

Steviana Bioscience says its stevia extract produced through a patented technology contains no bitter aftertaste. 

Startup Watch

Googly Fruit: Candy alternative for kids gets first UK brick and mortar listing

Fruit snack brand Googly Fruit will enter Superdrug stores in the UK this summer.

Double-digit growth prompts Sanders Candy to remodel headquarters

Sanders Candy has started renovating its Michigan headquarters, a process it expects to complete in early fall 2017.

API launches Holonique Boutique for custom decorative packaging

API has launched a custom decorative holography service called Holonique Boutique.

Hershey to swap laydown bags for standup pouches

Hershey plans to convert all individually wrapped chocolate from laydown bags to standup pouches in the near future as the company targets center store sales.

Sustainable packaging: Hershey moves to display-ready cases

Hershey has redesigned display-ready cases for all its packaged chocolate candy brands, including Kisses Milk Chocolate.

M&A

Nuts.com acquires Kopper’s Chocolate in multimillion-dollar deal

Nuts.com has acquired gourmet chocolate brand Kopper’s Chocolate and has relocated the brand to its New Jersey headquarters.

CEO interview

Perfetti Van Melle USA brings Airheads into gum and trials Velcro packs

Perfetti Van Melle is hoping to lead US gum category growth by bringing Airheads into gum and launching Mentos Pure Fresh packs sealed with Velcro.

M&A

BBX Capital acquires specialty candy retailer It’s Sugar for $57m

Private equity firm BBX Capital has acquired It’s Sugar for approximately $57m to further expand its footprint in the wholesale confectionery market.

SmashMallow approaching run rate of $25m in 6-12 months, predicts CEO: 'It’s growing exponentially faster than KRAVE'

The SmashMallow snackable marshmallow brand – launched by food & beverage brand incubator Sonoma Brands in August 2016 – is “charging towards a very visible $25m dollar run rate in...

Not only America: Nestlé urged to consider $17bn sale of global confectionery arm

Nestlé could go further than offloading its struggling US confectionery business and could find a willing buyer for its entire global confectionery division, says an analyst.

Alexa, can I have some organic candy and snacks? Category set to benefit from Amazon-Whole Foods deal

Amazon will gain deep consumer insights in impulse snacking once it seals a $13.7bn deal for Whole Foods, says an e-commerce consultant. 

Nestlé to cut back on US confectionery category due to low market share

The group said it may even sell one of its confectionery businesses by the end of 2017 to boost its efforts in other categories where it has a stronger presence. 

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