Hostess Brands Inc is purportedly exploring a sale after fielding takeover interest from major snack producers, including PepsiCo, Mondelez, General Mills and Hershey.
IRCA – a portfolio company of private equity firm Advent International – has signed a definitive agreement to procure the Sweet Ingredients Portfolio of the Dublin-headquartered global provider of taste and nutrition solutions for the food, beverage and...
The company said that the international reach of its publications would ‘power the growth of Rethink’s summits’, while Rethink’s events expertise would help develop William Reed’s existing brands such as FoodNavigator, Bakery&Snacks, along with ConfectioneryNews.
The London based premium chocolatier is recognised for the refinement of its chocolates and its design-led packaging, while Prestat is a heritage premium chocolate produce, also based in the UK capital.
Froneri started as an ice cream-focused joint venture between Nestlé and PAI Partners in 2016, and the relationship will be furthered by the acquisition of Nestlé USA’s collection of ice cream brands.
The agriculture and nutrition company will acquire the German provider of natural citrus flavor ingredients for an undisclosed amount, pending approval by the end of the second quarter.
The $90m deal will satisfy the increasing customer demand for full integration within the cocoa supply chain by combining the two groups, says Olam Cocoa.
Barry Callebaut will acquire Burton’s Biscuit’s chocolate factory in Moreton, Wirral, UK, by the end of this year to expand its manufacturing capacity in the country.
Hershey’s CEO Michele Buck recently said the company is ‘very open to mergers and acquisitions,’ and sees them playing ‘a key role’ in Hershey’s growth agenda.
Mondelēz has ended its pursuit of Hershey nearly two months after the US chocolate giant rejected a $23bn takeover. Analysts speculate the Oreo owner may now merge with Kraft Heinz or PepsiCo.
Stevia use in new products is booming, while artificial sweeteners still lead the way on a global basis. However, in coming years, market research organisation Canadean foresees a spate of mergers and acquisitions in the stevia industry, to consolidate...
ConfectioneryNews,com presents an interactive timeline taking a look back at some of the most significant mergers and acquisitions in the sector in 2012.
US confectioners Farley’s & Sathers and Ferrara Pan have announced plans to shut a manufacturing facility and a packaging and distribution plant following the two firms’ merger to become the Ferrara Pan Candy Company.
The Australian competition watchdog confirmed it is probing Amcor’s proposed takeover of packaging company Aperio Group to see if the deal would damage competition in the domestic market.
New rules for takeover deals are designed to put an end to the kind of prolonged, acrimonious struggle that preceded Kraft’s acquisition of Cadbury in 2010.
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.
The acquisition of National Starch appears to be off the agenda at Tate & Lyle, with the firm now "set to fall into enemy hands", according to analysts at Investec Securities.
The sale of Danisco Sugar to Nordzucker now looks unlikely to close this month as planned, as more time is required for the competition authorities to address important questions.
This week, Flower Foods bakery continues its geographical expansion
plans with its acquisition of ButterKrust bakery, and Kellogg
acquires a major Chinese cookie company.
Two leading European manufacturers of oils and fats for the food
industry last week joined forces in a move the companies hope will
allow them to significantly expand their businesses in the US and
Northern Europe.
The Competition Commission (CC) today announced it has
provisionally cleared the completed acquisition by Napier Brown
Foods (NBF) of James Budgett Sugars (JBS), but voiced concerns
about the lack of competition in the UK sugar market.
