In a major U-turn, the Hershey Trust has decided to scrap its plans
for the sale of its stake in confectioner Hershey Foods, rejecting
all the bids which had been made. A sound business decision or an
inevitable bowing to pressure?
Barry Callebaut completes its takeover of Stollwerck with an offer
of €295 per share for the remaining 3.9 per cent. The Swiss firm
said it would welcome investment from former Stollwerck
shareholders in its ongoing business.
The UK chocolate maker and retailer has recorded its first rise in
underlying sales for three years, but still believes there is
potential for improvement through existing operations.
Swiss chocolate company Barry Callebaut said this week that it has
received antitrust approval to take over Germany's Stollwerck for
CHF256 million (€175m).
"We have seven production plants on five continents," Ted
Nixon, CEO of US caramel colour company DD Williamson, told
FoodNavigator.com. Based in Kentucky, the company started producing
caramel colours in 1865. Today, it...
Imperial Chemical Industries (ICI) yesterday warned that technical
problems at one of its food flavour plants in Holland would wipe
£10m (€15.83m) off second-half profits, reports The Guardian.
Conglomorate Sime Darby of Malaysia has entered into a joint
venture agreement with Singapore-based Petra Food to manufacture
and trade finished chocolate confectionery products.
Danisco announced its acquisition of Belgian-based flavouring
company Perlarom, boosting its position in Europe to the sixth
largest flavourings manufacturer. It said its flavour sales
worldwide will amount to around €240 million...
Barry Callebaut, the world's top manufacturer of cocoa and
chocolate products, has confirmed that it will buy German chocolate
firm Stollwerck from Imhoff Industrie-Holding in a CHF256 million
(€174.9m) deal.
UK drinks and confectionery group Cadbury Schweppes this week
announced a strong financial performance for 2001.Sales rose 21 per
cent to reach £5,519m (€9.02m), up from £4,575 m in 2000 and
underlying profit (before tax) was up 18...
