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Nestle Buys Majority Stake in Organic Food Firm Terrafertil
Feb 13, 2018Food and beverage giant Nestlé has purchased a majority stake in Terrafertil, a South American organic food company that manufactures plant-based foods and snacks. Financial terms of the transaction have not been disclosed by the ...
Tags: Nestle, Organic Food
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Nestle Japan Unveils Ruby Chocolate Kitkat
Jan 22, 2018Nestle Japan is all set to commercialize the first ever natural pink ruby-flavored chocolate by introducing the new KitKat Chocolatory Sublime Ruby bars in Japan and South Korea. The ruby chocolate used in the new KitKat product, dubbed ...
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Nestle to Sell US Confectionery Business to Ferrero for $2.8bn
Jan 18, 2018Nestlé has agreed to sell its US confectionery business, made up of more than 20 brands, to Italian confectionery giant Ferrero for $2.8bn. The confectionery business of Nestle in the US makes up about 3% of US Nestle Group sales. ...
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Ferrero Acquires Candy Manufacturer Ferrara Candy
Dec 6, 2017Global confectionary group, The Ferrero Group has completed its previously announced acquisition of Ferrara Candy Company from L Catterton through one of its affiliated companies. “We are pleased to complete this acquisition and ...
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Ferrero to Acquire US Confectioner Ferrara Candy
Oct 23, 2017The Ferrero Group has agreed to acquire Illinois-based non-chocolate confectioner Ferrara Candy from private equity firm L Catterton for an undisclosed price to expand its US business. The transaction made by an affiliated company of ...
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Ferrero Canada Gets Ontario Support in $72m Expansion Project
Oct 13, 2017Chocolate and confectionery giant Ferrero’s Canada unit will be financially supported by the Ontario government in its C$90m ($72.31m) expansion project that is aimed at boosting productivity of an existing plant. The provincial ...
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Ferrero International to Acquire US-Based Confectionery Fannie May
Mar 28, 2017Italian confectionery giant Ferrero International has agreed to acquire US-based Fannie May Confections Brands from 1-800-Flowers.com for $115m in cash. The deal also includes Fannie May's subsidiaries Fannie May Confections and London ...
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Ferrero Strikes Deal to Buy Some Brands of United Biscuits
Nov 30, 2016Nutella and Tic Tac maker Ferrero International has announced to acquire some of the brands of UK based food manufacturer United Biscuits for an undisclosed sum. The Italian chocolatier is planning to buy Belgian cookies Delacre and ...
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Ferrero Plans Brantford Site Expansion to Produce Three New Products
Aug 3, 2016Nutella-maker Ferrero International’s Canadian subsidiary is planning to expand its Ontario factory in Brantford to begin production of three new products. The company is looking to invest CAD36.1m ($27.6m) to scale up its ...
Tags: Ferrero, Australian markets
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Ferrero to Get Acqusition of Thorntons at Around $177.7m.
Jun 24, 2015Italian chocolate producer Ferrero has agreed to acquire Thorntons, in a cross-border deal that values the British chocolate maker at around $177.7m. Ferrero will make the transaction through its subsidiary Ferholding, which has been ...
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Eight Organizations Jointly Developed a Varnish Beneficial for Food Packaging
Jun 15, 2015Eight organizations from across the European Union have jointly developed a varnish that can withstand exposure to antimicrobial, oxygen and water vapor, and be beneficial for food packaging. The project, entitled Svarnish, was the ...
Tags: Food Products, Svarnish
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Chocolate Is an Christmas Temptation That Can Be Hard to Resist
Dec 18, 2014Surviving the festive season with one’s waistline intact is a bit like vowing to go to the gym on New Year’s morning: a noble goal, but not so easy in practice. Chocolate is another Christmas temptation that can be hard to ...
Tags: Chocolate, Agriculture
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WCF and Leaders From The Global Cocoa Sector Have Convened in Copenhagen
Oct 28, 2014Hundreds of members of the World Cocoa Foundation (WCF) and leaders from the global cocoa sector have convened in Copenhagen, Denmark to take further crucial steps toward implementing a comprehensive strategy, called CocoaAction, to sustain ...
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Ferrero Group Has Continued to Strengthen Its Presence in The Hazelnut Market
Aug 22, 2014The Ferrero Group, one of the market leaders of the confectionery industry, has continued to strengthen its presence in the hazelnut market by acquiring hazelnut producer Oltam Group. Oltan Group, based in Trabzon in Turkey, is a ...
Tags: Ferrero Group, Hazelnut Farm, Food
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Senior Executives and Cocoa Companies Are Signing a Joint Agreement with The Government
May 26, 2014Senior executives from 12 of the world's largest chocolate and cocoa companies are signing a joint agreement with the Government of Ghana as part of an unprecedented strategy to accelerate actions to make cocoa farming in the country ...
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