M&A
Nutella owner Ferrero acquires Nestlé’s US candy business for $2.8bn
Nestlé has sold its US candy business ($924m in 2016 sales), which includes Butterfinger, Baby Ruth and Raisinets, to Nutella maker Ferrero for $2.8bn in cash.
Archives for January 16, 2018
Northern lights out? Chocolate sees big sugar tax hike in Norway
Industry players and a market researcher speculate how Norway’s 83% increased duty on chocolate and sugar products, which took effect on January 1 this year, will affect sales.
EU Commission swoops on RISI’s kraft paper sector for anticompetitive practices
The European Commission carried out an unannounced inspection at RISI, Brussels, on Monday (January 15) for anticompetitive practices.
Aryzta appoints former Barry Callebaut head as its North America CEO to bolster US operations
Swiss-Irish bakery firm Aryzta has appointed Dave Johnson as its new CEO, North America in a bid to reverse declining revenues.
Mondelēz partners with Post Holdings to give consumers new way to enjoy iconic brands
Mondelēz has teamed up with Post Consumer Brands, Post Holdings’ cereal division, to launch several cereal products using flavors of its long-established cookie and cracker brands, including Honey Maid, Nutter Butter and Chips Ahoy.
Full-year 2017 sales
Lindt continues to grow, but Russell Stover drags down US sales
Lindt & Sprüngli has reported sales growth above the chocolate industry average in 2017, but faces headwinds in the US.