Ferrero would become the ‘third largest player in chocolate confectionery in the world if it successfully acquires Nestlé’s US candy business, a deal that is expected to come through by the end of this week, said Euromonitor.
Hershey has decided not to renew its membership with the Grocery Manufacturers Association (GMA) in 2018, but it remains part of the National Confectioners Association (NCA).
Hershey’s acquisition of Amplify Snacks has made the chocolate company the second largest popcorn producer in the US market, ‘second to Frito-Lay,’ who owns Smartfood, said Euromonitor analyst Jared Koerten.
Hershey says it is not in the business of processing cocoa, contrary to a Reuters report claiming it was considering a semi-processed cocoa facility in Côte d’Ivoire.
Hershey says it is continuing to explore the possibilities of 3D chocolate printing partnering with a ‘world-renowned culinary school’ and funding two students to focus on exploring real-world applications of the technology.
Allulose-sweetened chocolate startup Allulite Nutrition debuted its products at the FNCE (Food and Nutrition Conference & Expo) show recently in Chicago, and it hopes to become a $1bn brand in the next few years for Hershey to acquire.
Hershey took the largest share of Amazon’s candy purchases in October this year compared to Mondelēz-owned Sour Patch Kids, Mars’ Skittles and Starburst, and Perfetti Van Melle’s Airheads, according to a new report from Edison Trends.
Hershey’s CEO Michele Buck recently said the company is ‘very open to mergers and acquisitions,’ and sees them playing ‘a key role’ in Hershey’s growth agenda.
Hershey is to launch peanut and pretzel flavored Hershey's Gold – the first permanent flavor variant for its namesake brand since Cookies ‘n Creme in 1995.
‘Clear business case’ to invest in women in cocoa: WINCC
Female cocoa farmers are key to accelerating cocoa sustainability, but lack the access to finance and land rights that men have, says a new network for women in the cocoa supply chain, which includes Hershey's CEO.
