The global hazelnut market is expected to reach $9.45bn in sales by 2026 with the chocolate category being a major driver behind its growth, according to Persistence Market Research (PMR).
Key Technology has entered into a strategic partnership with Heat and Control to sell and service its digital sorters, vibratory conveyors and automation systems in Australia, New Zealand and India.
Taghleef Industries (Ti) has reached an agreement to acquire Biofilm, a Bi-oriented Polypropylene (BOPP) films manufacturer for flexible packaging, labels and industrial applications.
Mondelēz has reported growth across all regions in Q2 ending June 30, although its topline was negatively impacted by the recent truckers' strike in Brazil.
Hershey has posted a net sales increase of 5.3% in Q2, reaching $1.75bn, after it recently divested Tyrrells potato chips and Golden Monkey candy brand in China.
Hershey has sold Golden Monkey to Henan Yuxiang Food Technology Company (河南御翔食品科技有限公司) four years after it acquired the Shanghai-based confectionery brand for $577m.
There is a huge gap between start-ups that launch innovative products and traditional companies who don’t, irrespective of company scale, according to Practical Innovation.
Better-for-you snack maker Popchips Inc. is selling its UK and European business to KP Snacks after five years of “whirlwind strong year after year growth” in the UK that led the brand to become the No. 1 growth crisp in the region, according to the company...
US Highland (UHLN) has completed the acquisition of Supreme Sweets, a commercial bakery that designs, produces and delivers custom private-label products for restaurant chains and grocery retailers, for an undisclosed sum.
