Singapore based Olam International is to acquire UK confectionery fats supplier Britannia Food Ingredients (BFI) along with a logistic services component for £33.5m ($50m)
This week saw chocolate maker Lindt reporting strong growth across all its main regions and consolidated sales of CHF 2.58bn for its financial year 2010, with an analyst claiming the time is ripe for the firm to capitalise on recovery in consumer sentiment.
The fall in cocoa grindings by 2.4 per in the fourth quarter of 2010 is not an indication of slowdown in the recovery of the chocolate market in Europe, claims an industry analyst.
The National Confectioners Association (NCA) has welcomed an initial proposal that could end an ongoing US-Mexico trucking dispute that has seen Mexico impose tariffs on a long list of US exports.
Roll up, roll up, the Great CAP Reform Circus is back in town. Missing those long arguments about the future of farm support? Hungry for more debate about how best to limit spiraling European farm commodity prices?
UK confectioner, Lees Foods, aims to mitigate the recent surge in coconut prices and ongoing hikes in packaging material costs through improved efficiencies and passing off a proportion of input costs to its customers.
Kraft is likely to have a robust defence in relation to the reported investigation into any tax bill it might be liable for following its takeover of Cadbury in February 2010, claims a UK tax law analyst.
Archer Daniel Midlands (ADM) has said it is now the 100 percent owner of Golden Peanut Company after it acquired all outstanding stock from Alimenta (USA), from Alimenta S.A, an international trading company based in Switzerland.
Mars has been recognized by the Secretary of State’s Award for Corporate Excellence (ACE) for its work in Ghana promoting the well-being and sustainability of cocoa-growing communities.
The City code regulating hostile acquisitions of UK firms needs a radical overhaul, with greater employee and community consultation at the top of the agenda, say union leaders.
The opening of Nestlé’s new UK wafer-manufacturing line completes the first part of a £15m three year investment programme that aims to enhance product quality and reduce energy use.
Limited changes to the City code regulating hostile acquisitions of public firms are welcome, but sweeping changes risk hurting British business, top lawyers agree.
Confectionery giant Nestlé has officially opened a (USD) $136m manufacturing facility in Dubai which is set to become the third largest Kit Kat plant worldwide.
Nestlé Confectionery UK is proposing to close its Castleford factory and merge all of its UK 'seasonal' manufacturing into its Halifax site by the end of 2012.
Hershey’s plan to start selling its confectionery in the UK and Europe forms part of the company’s wider agenda to target the region, says Euromonitor.
When PepsiCo put up $5.4bn last week to acquire Wimm-Bill-Dann, it was seduced by the promise of high revenue growth but like any high-yield investment the Russian deal does not come without risks.
The Hershey Company has sued Mars for allegedly mimicking the packaging design of its Reese’s Peanut Butter Cups by using a similar orange color and pack design for Dove peanut butter milk chocolate Promises.
Political leadership is crucial to encouraging more sustainable food consumption, attendees at a Kellogg’s Breakfast Club meeting heard this month, with industry and civil society playing important roles too.
Chocolate giant Ferrero has recently released a string of travel snack items after analysts reported a strong growth surge in the travel confectionery category over the past two years.
Asian group Lotte has plans to expand the production capacity of Polish confectionery manufacturer Wedel by investing over €200m into the company, according to a Polish media outlet.
US based confectionery firm Necco has announced that it has a hired an investment bank to help it identify a strategic partner or explore a possible sale of its business.
If doing your bit for the planet used to be a good way of earning a few brownie points, it is now increasingly becoming a condition of doing business with the nation’s biggest food retailers.
The chocolate and confectionery fats division showed strong seasonal volume improvements, claims leading oil and fats supplier AarhusKarlshamn as it releases third quarter financial results for 2010.
Flagship brand Kit Kat has increased market shares for Nestle in the UK and Ireland, according to last week’s third quarter results that reveal a 4.1 per cent sales increase for the global food giant.
Roshen increased its sales for the first three quarters of 2010 by 32 per cent at $675m. The confectioner also recorded an output of 285,000 tonnes in 2010, up 11 per cent on the same period last year.
The UK Takeover Panel, in a move that follows the controversial acquisition of Cadbury by US food group Kraft in February this year, has proposed changes to reduce the tactical advantage in hostile takeover bids.
Concern around stock levels of commodities such as sugar, wheat and corn, is claimed by ingredients group Jungbunzlauer as the rationale behind its 10 per cent hike in the price of its xanthan gum, erythritol and citric acid products.
Two more senior Cadbury executives have left Kraft Foods, joining the other senior management figures who have resigned since the confectioner's takeover by the US food group in February, claim media reports.
Publically listed confectionery company Lindt & Sprüngli remains the most interesting acquisition target in terms of its premium portfolio and its post-recession weakened state, with Asian conglomerate Lotte a potential frontrunner, argues a market...
Convergence in the confectionery market has slowed since the acquisition of UK confectionery group Cadbury by Kraft Foods in February this year, according to a market analyst.
Kraft said its new innovation centre in Switzerland, inaugurated today, will ensure innovations in chewing gum and sugar confectionery have regional appeal.
UK confectionery and bakery maker Lees Food claims an increased focus on production planning helped generate greater efficiencies and boost growth as it announces a 43 per cent jump in half-year profits.
UK based confectionery and snack foods firm Zetar said a refinancing deal with lender HSBC Holdings to the tune of £45m will help it meet its organic sales growth plans for the next four years.
Consumer sentiment is forcing confectionery manufacture Cadbury to revert to metal tin for its long established brand, Roses, following an unsuccessful trial-run of cardboard packaging for the chocolates in the UK retail chain, Tesco.
Production of more than a million teacakes could be in jeopardy if a strike at leading Scottish biscuit and confectionery maker, Tunnock’s, goes ahead.
Kraft has said it expects to make an additional $1bn in revenue by 2013 because of better access to global markets and distribution networks following its takeover of Cadbury earlier this year.
Industrial chocolate supplier Barry Callebaut has secured a key, long-term supply contract with Kraft Foods, which will see the Swiss firm invest €51m to expand production capacity in North America, the Ivory Coast, Malaysia and Europe.
Nestlé reports that an upgrade to its premium chocolate manufacturing facility in the Samara region of Russia will transform it into a key competence centre for confectionery products in Europe.
There’s nothing like a shortage of wheat to send some news media searching for superlatives. Talk of “soaring” wheat prices and “rocketing” bread prices were common, in the British press, after Russia decided to temporarily ban grain exports earlier this...
Suppliers of the food colouring carmine are taking a cautious approach to new customers, as the industry continues to feel the impact of supply shortages, which this year sent prices for the ingredient soaring six fold.
Nestlé chocolate products recorded double-digit growth in emerging markets, driven partly by the performance of the lowest priced products in its portfolio, said the group as it posted gains of 7.5 per cent in net profit for the first six months of the...
Food giant Kraft’s acquisition of UK confectionery company Cadbury in February 2010 helped the firm to a better-than-expected first quarter net profit of $937m (£590m), up from $827m in the same period a year earlier.