Pilgrim’s Pride has increased its offer to acquire the Hillshire Brands Co., Chicago, to $55 per share in a proposed transaction that is now valued at $7.7 billion.
Although it was able to turn in record sales and earnings during fiscal 2014, bottom-line results fell short of expectations at natural and organic foods maker Annie’s.
Ruiz Food Products, Inc. has acquired a manufacturing plant in Florence, N.C. Following renovation of the facility, the company expects it to be manufacturing products in 2015.
U.S. Easter confectionery sales surged 6 percent, higher than expected, with chocolate eggs and bunnies leading the surge during the second biggest candy-selling holiday
The Hillshire Brands Company (HSH) today issued the following statement in response to the unsolicited proposal by Tyson Foods, Inc. (NYSE:TSN) to acquire Hillshire Brands for $50.00 per share in cash.
New tests conducted by Malaysian authorities found that chocolate bars made by British confectioner Cadbury do not contain pig DNA, contrary to a previous finding, the country's Islamic affairs agency said on Monday.
Cocoa shortages are poised to extend into the next decade as West African growers struggle with underachieving farms or switch to more lucrative crops, such as rubber.
Confectionery company Cloetta has announced the acquisition of Ireland-based Aran Candy, the owner of the Jelly Bean Factory brand, for SEK140m ($21m).
Backed by a $1.2 billion financing structure entered into on May 6, TreeHouse Foods, Inc. has the resources to be an active player in the merger and acquisition market.
Muslim retail and consumer groups in Malaysia on Thursday called for a boycott of products made by Britain-based confectioner Cadbury and its parent Mondelez International Inc
