Hershey Netherlands B.V. has signed an agreement to acquire 80% of Shanghai Golden Monkey Food Joint Stock Co., Ltd. (SGM), a privately held confectionery company based in Shanghai, China.
Volume gains executives with ConAgra Foods, Inc. expected to occur in the third quarter arrived in the second quarter of fiscal 2014 and contributed to a rise in earnings for the company.
US-based food processor Michael Foods Group, which is owned by a private-equity affiliate of Goldman Sachs Group, is reportedly exploring for a possible sale in an effort to fetch over $2bn.
Upfront Foods single serving, grab-and-go granola, which makes an easy healthy breakfast or healthy snack, has achieved Vegan Certification through the Vegan Awareness Foundation.
UK-based 2 Sisters Food Group has posted an operating profit of £25.5m ($41.6m) for the 13 weeks ended 26 October 2013 (Q1 2013/14), compared to £30.5m for the same period last year.
Singapore-based Petra Foods has filed a notice of arbitration to resolve disputes in connection with the amended and restated sale and purchase agreement (SPA) dated 30 June 2013 with French chocolate manufacturer Barry Callebaut.
After issuing a profit warning early last week, Swedish confectionary company Candyking halted its plans for an initial public offering, just one day before it was due to list its shares on the Stockholm exchange.
The CEO of German mills group VK Muehlen AG, Christophe Kempkes (pictured), is to resign from his position effective 31 January 2014 and take on a new role as chief executive of the bakery products group, Lieken.
Cargill’s cocoa and chocolate business has broken ground on a U.S. $48 million (€35 million) investment to double the capacity of its Belgian chocolate production facility in Mouscron over the next two years.
Tangerine Confectionery, a UK-based sugar confectionery producer, is planning to cut down its workforce in the country, as part of its restructuring process.
Graze.com, an on-line retailer offering a range of snacks its executives deem to be healthy, such as nuts, fruits and seeds, has launched in the United States.
Bimbo Bakeries USA plans to cease production at its plant in Wichita early next year, shifting production to other more modern facilities, including a bakery that opened in Topeka, Kas., in 2011.
