The decline in the German confectionery market, and of the Yes
chocolate brand in particular, has forced Nestle to close its
Berlin plant and concentrate production on Hamburg.
Cadbury and Nestle, erstwhile partners in a bid for Hershey, are
likely to face off against each other in the auction for another US
confectionery group, Adams. But other major bidders such as PepsiCo
cannot be ruled out.
Despite the fact that the sale of the company has been temporarily
put on hold, Nestle and Cadbury are said to be still discussing a
joint bid for the Hershey business, although they have not yet
decided how best to structure the...
Hershey will find out on Wednesday whether its appeal against a
court ruling postponing the sale of the confectionery group has
been successful. In the meantime, rumours continue to circulate of
a potential joint bid for the firm...
Nestle and Cadbury, the two European confectionery giants, are
reported to be discussing a joint bid for Hershey, the US chocolate
maker. But while a joint bid is unlikely, both firms could profit
from the sale.
Swiss food group Nestle on Friday declined to comment on market
talk it might want to buy US confectionery maker Hershey, but said
it would be keen on regaining its top-selling Kit Kat brand in the
United States.
