Ferrero is preparing major expansion in its Russian confectionery market operations during next decade, reports Eugene Gerden, exclusively from Russia, for Confectionery Production Global confectionery group Ferrero is aiming to invest up to €80 million in its Russian confectionery business, according to latest reports. As part of its plans, the majority of funds are considered to be focused on the… Read more »
The US-based Guittard Chocolate Company has agreed a major deal with HB Ingredients for distribution of its confectionery range throughout Europe. Founded in San Francisco in 1868 and celebrating their 150-year anniversary, Guittard is the oldest continuously family-owned and operated chocolate making business within America. After launching into the UK last year, it now supplies some of the country’s top… Read more »
USD 30 million investments in Canada and United States (US) will support Barry Callebaut customers across North America. Expansions include increased footprint and enhanced capabilities for specialty products Barry Callebaut, the world’s leading manufacturer of high-quality chocolate and cocoa products, today announced the completion of several expansion investments in three of its North American facilities located in St. Hyacinthe, Quebec;… Read more »
Nestlé announced that it has acquired a majority stake in Terrafertil, a company selling natural, organic, plant-based foods and healthy snacks. The move widens Nestlé’s presence in a fast-growing category in Latin America, the United States and the United Kingdom. Nestle did not say how much it was paying and how big a stake it was taking in the company…. Read more »
Barry Callebaut completes investments in two manufacturing facilities and introduces new warehouse The Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products, today announced it has completed two expansion projects in the US. Factories located in American Canyon, California and Chicago, Illinois recently received significant investment totaling nearly $25 million, which is within the annual CAPEX… Read more »
Mexico’s Giant Bread Maker Bimbo To Purchase U.S. East Balt Bakeries For $650 million
Europastry has reached an agreement to acquire 60% of the Galician group Ingapan, a transaction that confirms the good distribution relationships both companies have maintained in recent years.
Lesaffre has recently announced two new acquisitions: LFI Tollblend Ltd in the UK and Tecno Bakery in Spain. Based in Worcester, UK, LFI Tollblend Ltd produces ingredient mixes for the baking and processed foods sectors. This facility has a dedicated gluten-free production capability, with a staff of 35 people working in production. “Lesaffre is already present in the UK through DCL Yeast and Fermex… Read more »
Lantmännen’s acquisition of the Finnish bakery company Vaasan Oy has been completed. Lantmännen’s and Vaasan’s operations complement each other well and the acquisition increases Lantmännen’s market position within the grain and food chain in the Baltic Sea region. Together with Vaasan, Lantmännen can create an even more competitive company with strong growth opportunities in Northern Europe and other parts of the world. Lantmännen announced the agreement to acquire Finland’s Vaasan Group in January.
Krispy Kreme has announced a development agreement with Pronto, Sociedad Anónima to open 12 shops throughout Guatemala over the next four years.