The Oreo maker has snapped up the Australian company – which holds a strong position in the attractive premium biscuit and cracker category – for an undisclosed amount from Sydney-based private equity firm CPE Capital.
The 25% penalty on sweetened biscuits and waffle products exported from Germany to the United States has had a negative impact on its manufacturers, claimed the Association of the German Confectionery Industry (BDSI).
UK manufacturer pladis announced sales of biscuits grew by £66m (2.5%) - the category is now worth £2.7bn ($3.42bn) - and said it was on its way to unlocking a £264m opportunity within the coming three years.
In pursuing emerging markets, cross-category collaborations and a 'local-first' model, Mondelēz has maintained, and in some cases expanded, its stature as a global industry leader – led by the likes of Cadbury, Milka and Oreo.
Australian biscuit brand Tim Tam has entered the US market for the first time after the company decided to cater to the US consumer demands for on-the-go snacks, with a distribution deal with Connecticut-based commercial bakery Pepperidge Farm.
United Biscuits (UB) has announced that its total UK exports have rocketed 50% over the past three years and it expects this figure to rise a further 50% by 2020, as demand grows from countries such as China for its British brands.
Brazil’s biscuit, pasta and industrial cake and bread industry has seen annual sales increase 11.5% to BRL 32.20bn ($10.56bn), up from BRL 28.88bn in 2013, announced the leading trade association in the sector.
Many UK biscuit and cake products have reached their salt-reduction
limit, thanks to bakers' efforts to cut salt components, according
to Barbara Gallani, manager of the Food and Drink Federation's
Biscuit, Cake, Chocolate...
UK biscuit maker McVitie's is to cut 33 jobs at its Carlisle
factory, after damage caused by floods in January permanently
disabled four production lines, reducing the plant's total output
by 20 per cent.
Northern Foods is facing the possibility of a rapid decline in its
biscuit profit margins as its main customers - the British
supermarket groups - seek to cut costs. The company must now decide
whether to invest in new products, or...
The sweet biscuits market in Asia is set to grow rapidly in coming
years, due mainly to the continuing strength of the China market.
However launches are coming thick and fast throughout the region,
as this week's product launches...
Expro, one of the biggest producers of crackers and sweet biscuits
in the Guatemalan market, has installed two additional production
lines from the UK's APV Baker group to help it double its capacity
and pursue aggressive growth...
After months of bitter negotiations with staff at its Fontaneda
biscuit unit in Spain, Britain's United Biscuits group has agreed
to sell the company to Siro, another Spanish biscuit maker which
has agreed to maintain staff levels...
Australian confectionery manufacturer Snack Foods announced this
week that it is to release new products in coming months, including
a range of biscuits called Cookies Plus, as it hopes to continue
double-digit profit growth, IndustrySearch...