Ferrero is reportedly close to buying Nestlé’s US confectionery business in a deal which is expected to reach $2.8 billion. The Italian company, which produces Nutella, Tic Tacs and Ferrero Rocher, is keen to expand its business in the US following last year’s purchases of Ferrara Candy – the third-largest manufacturer of non-chocolate confectionery in the US – and boxed… Read more »
Nestle R&D Centre Singapore is committed to cutting down the sugar and salt content in its products by 2020. The food and beverage company is looking at reducing the sugar content by five per cent and salt by 10 per cent within the next three years. Nestle R&D Centre Singapore managing director Dr Tan Sze said Nestle made the commitment… Read more »
Nestlé will explore strategic options for its US confectionery business, including a potential sale. The company has announced a review covering the US market will be completed by the end of this year.
Nestle S.A. announced June 15 it is undertaking a strategic review of its U.S. confectionery business. One option under consideration is a sale of the business, according to the company.
Confectionery brand Nestle has vowed an across the board reduction of 10% in the sugar content of its chocolate and sweets in the UK and Ireland by 2018.
Nestle has lost a tussle with rival Mondelez International over the validity of its EU trade mark for the shape of the Kit Kat chocolate biscuit bar in an EU court which said it should be re-examined. Cadbury Schweppes – now owned by Mondelez International – asked the European Union Intellectual Property Office (EUIPO) to declare the Kit Kat four… Read more »
Big food companies that include Nestle, Mondelez International Inc (MDLZ), and PepsiCo Inc. are scrambling to create healthier products to reduce their dependence on treats full of sugar and salt. It comes as the U.K., Mexico and some U.S. cities implement sugar taxes to help fight childhood obesity and diabetes, which affects four times as many people now than in… Read more »
Food giant Nestle and Yorkshire’s R&R Ice Cream have completed a transaction to create their new Froneri ice cream and frozen food joint venture.
Facility in Dublin, Ohio, features microbiology lab, renovated chemistry lab
Swiss food giant Nestle has announced that it would invest PHP2bn ($42.5m) to build a new manufacturing facility in the Philippines in a bid to meet growing demand for its products. The facility will manufacture protomalt, a key ingredient for its popular Milo drink. Nestle Philippines chairman and CEO Jacques Reber was quoted by philstarGlobal as saying: “The Philippines is… Read more »