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Mondelez Opens $90m Biscuit Manufacturing Plant in Bahrain
Apr 23, 2018Confectionery giant Mondelēz International has opened a new $90m biscuit manufacturing plant in Bahrain. The new 250,000m2 plant will manufacture the confectionery and snacking firm’s power brands that include Oreo cookies and ...
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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 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 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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Mars Launches New Cocoa Extract Food Supplement in UK, Ireland
Mar 1, 2017Mars Symbioscience, the health and life sciences venture of confectionery giant Mars, has launched a new cocoa extract food supplement in the UK and Ireland. The food supplement product, CocoaVia, has been made available for online ...
Tags: Cocoa Extract, Extract
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Mondelez Rolls out New Savory Biscuit Brand
Mar 1, 2017Confectionery giant Mondelēz International has launched a new wholesome savory biscuit brand, dubbed Véa. Designed to drive growth in the savory cracker segment, Véa is a key pillar of our goal to be the global leader ...
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Pershing Square Sells 20 Million Shares In Mondelez
Mar 18, 2016Pershing Square, a hedge fund run by investor Bill Ackman, has sold 20 million shares of US-based confectionery giant Mondelez International. Following the sale, the investor now owns only a 5.6% of the confectionery company. In a ...
Tags: Pershing Square, Bill Ackman, Mondelez
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Hybrid Yeasts Help Alter Aroma of End Chocolate Product, Finds Study
Nov 26, 2015Belgian researchers from University of Leuven and the Flanders Institute for Biotechnology have found that the yeasts used to ferment cocoa during chocolate manufacture can help alter the aroma of the end chocolate product. The research ...
Tags: Chocolate Product, yeasts, cocoa beans
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Mars Expressed Concern About Plain Packaging Being Introduced to Other Sectors
Aug 19, 2014Recently disclosed government documents show Mars wrote to the Department of Health (DOH) in 2012, expressing concern about plain packaging being introduced to other sectors including food and drink suppliers, insisting intellectual ...
Tags: Mars, Plain Packaging, Packaging
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Nestlé Has Teamed up with Google to Launch Android-Branded KitKat Bars
Sep 5, 2013Nestlé is to make more than 50M Android-branded KitKat bars, after teaming up with Google to launch the new version of its Android mobile operating system to be called Android KitKat. Nestlé has teamed up with Google to ...
Tags: Agriculture, Food, Nestlé, Google, APP
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Mars Has Broken Ground on a $82m Production Line for Twix Chocolate Bars in Egypt
Jun 26, 2013US-headquartered confectionery giant Mars has broken ground on a $82m production line for Twix chocolate bars in Egypt, in order to cater to the Middle East and African markets. The new manufacturing facility is located at the company's ...
Tags: Agriculture, Food, Chocolate
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US Confectionery Giant Hershey Sees Its Profits Increase in 2012
Feb 1, 2013US confectionery giant Hershey saw its profits increase in 2012 - and cheered the market by upping its guidance for earnings this year. In the 12 months to the end of December, the company earned US$660.9m, a 5% increase on 2011, it ...
Tags: confectionery giant, profits, Shares
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Mars Inc Has Rolled out Its First Fairtrade Certified Product,Maltesers,Into UK Stores
Dec 12, 2012Mars Inc has rolled out its first Fairtrade certified product, Maltesers, into UK stores. The move, first announced in September, is part of the confectionery giant's commitment to source its entire supply of cocoa from sustainable ...
Tags: Mars Inc, certified product, food product, food industry
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Mars Has Added to Is Confectionery Stable in The UK with The Launch of a Mars Caramel Bar
Dec 11, 2012Mars Inc has added to is confectionery stable in the UK with the launch of a Mars Caramel bar. The product, which, according to Mars has already had success in the US, Canada and Australia, will be available from 10 September as a limited ...
Tags: Mars Inc, food product, food industry, company news