One of the UK's largest own-label cake and pastry manufacturers has been snapped up by a private equity firm in£23.5M management buy-in deal(MBI). McCambridge Group's cake division–which bakes one in 10 of every retail ...
Tags: MBI, McCambridge, cakes, private equity
Ukrainian confectionery firm Roshen has initiated operations at its UAH600m (€59.1m) plant in Vinnytsia, Ukraine. The new factory has a production capacity of 120,000 tons of chocolate products, and is spread over an area of ...
Tags: new factory, production capacity, modern confectionery facility
American confectionery company Mars has opened a EUR80m chocolate factory in Ulyanovsk, Russia, as a part of its plan to strengthen its position in the BRIC chocolate market. Initially, the factory will manufacture chocolate bars, and the ...
Tags: confectionery company, chocolate factory, chocolate market
Nestlé has opened a newly extended Product Technology Centre (PTC) for confectionery in the city of York, UK, strengthening its global research and development network. This investment will enable the company to accelerate ...
Tags: global research and development network, confectionery development
Australian confectionery firm Darrell Lea has been sold to Quinn family,which owns the Queensland-based VIP Petfoods. Darrell Lea,which operated company-owned stores and sold confectionery products to network of 1,200 licensed ...
Tags: petfoods, acquisition, distribution capabilities, financial details
A£5.6m management buyout of UK-based confectionery firm Lees Foods has been approved following a court hearing. The acquisition was delayed after shareholders expressed concern that the offer of 230p-a-share deal was too low. ...
Tags: acquisition, shareholders, court hearing
Swiss chocolate manufacturer Barry Callebaut has signed a long-term sourcing agreement with Industria de Alimentos dos en Uno, a subsidiary of Argentinian food firm Arcor. Under the terms of the agreement, Barry Callebaut will supply ...
South African food company Tiger Brands,which acquired 63.3%stake in Dangote Flour Mills,is planning to buy off the other minority shareholders in the company. In September 2012,Dangote Industries completed the sale of its 63.3%in Dangote ...
Tags: acquire, stake, shareholders, flour
Nassau Candy, a manufacturer, importer and distributor of specialty confections and fine foods, has introduced an all-natural line of gummy candies from confectionery firm Sweet Candy. Classics, Au Natural candy line, which is ...
Tags: candy, gummy candies, confectionery, candy line
German fruit processing company Zentis has announced the acquisition of Sweet Ovations, a US-based producer of sweet ingredients for dairy, frozen dessert, bakery, beverage, and foodservice products. Established in 1931, Sweet Ovations ...
Tags: fruit processing company, sweet ingredients for dairy, frozen dessert
US-based Packaging Dynamics has acquired De Luxe, a manufacturer of flexible packaging products for food service, bakery, confectionery, dairy, and other specialty applications, for an undisclosed amount. Packaging Dynamics chief ...
Tags: flexible packaging, food service, bakery, confectionery, dairy, packaging
US-based Wrigley has re-launched its fruit confectionery brand Skittles with £5m investment. Wrigley confections business unit director Matt Austin said that 10 million Skittles were being consumed every day, and the re-launch would ...
Tags: fruit confectionery, new packaging format, rainbow flipped upside-down
Packaging Dynamics has announced the acquisition of Groupe De Luxe, a Canadian manufacturer of flexible packaging products, for an undisclosed value. Packaging Dynamics chief executive officer Roger Prevot said De Luxe will support its ...
Hostess Brands,a maker of breads and sweet goods in the US,has plans to permanently close its three bakeries following a nationwide strike by its bakers union. The company,which produces Twinkies,Ding Dongs and Wonder Bread,said that the ...
Tags: breads, sweet goods, Twinkies, strike
UK's Environment Secretary Owen Paterson is heading a food trade delegation to China this week, as a part of an effort to increase dairy exports to China and boost the economy by £1bn. Paterson will meet dairy companies, trade ...
Tags: food trade delegation, dairy exports to China, dairy companies