Opportunities for international ingredients firm arise with US food
giant Kraft Foods confirming that product innovation is set to
drive growth for the firm in the long term.
Having recently announced a large-scale withdrawal from the
Hungarian market, Kraft Foods has reaffirmed its commitment to the
Romanian market, by confirming a series of future investments in
its division there.
Kraft Foods says it is preparing to launch the international
chocolate brand Milka in Russia in an attempt to further increase
its slice of the confectionery market there.
So what shape and form has innovation in the food and drink
industry taken this month? From flashing lollies to lemon crisps
via elderflower Fanta, Mintel provides this months latest round-up
of new product development.
The trend towards healthy variants of food products not normally
known for their functional nature is continuing, with the likes of
Cadbury, Müller and Bonduelle all getting in on the act in recent
months, according to Mintel's...
US food company Kraft Foods has put its powdered soft drink
concentrate plant in Hyderabad, India up for sale, reports the
Indian paper Financial Express.
Food conglomerate Nestle has emerged as the favourite to win a
multi-billion auction for American chocolate icon Hershey Foods
although investors took a cautious approach to reports a firm offer
was already on the table.
Pfizer is preparing the sale of its chewing gum business Adams,
thought to be worth €4 to 5 billion. Nestle and Cadbury Schweppes
are both possible candidates.
US gum manufacturer Adams is seen as a 'must-have' acquisition for
Cadbury Schweppes if it wants to truly become a global player. But
it faces strong opposition from rival players.
The largest US food company Kraft Foods has approached the
consortium of shareholders that owns Britain's United Biscuits with
a buy-out plan, according to British paper The Business.
Barry Callebaut, the world's top manufacturer of cocoa and
chocolate products, has confirmed that it will buy German chocolate
firm Stollwerck from Imhoff Industrie-Holding in a CHF256 million
(€174.9m) deal.
America's biggest food company, Kraft Foods, announced a rise of 20
per cent in earnings for the 2002 first quarter, attributing strong
volume growth in beverages, desserts and new products to the
increased earnings.
Kraft Foods Inc., a global leader in branded foods and beverages,
has reshuffled its senior management by naming Frank Meegan, 53,
Senior vice President, and Alene M. Korby, 47, Senior Vice
President Procurement and Integrated Supply...
US food and drink company Kraft Foods announced on Wednesday that
FS Acquisition Corp., a subsidiary of Catterton Partners, is to
acquire the U.S.-based Farley and Sathers confectionery businesses
from Kraft.
US foods and beverages company Kraft Foods announced this week an
agreement whereby pasta giant Barilla Alimentare S.p.A will acquire
Kraft's Mexican pasta business, including the Yemina and Vesta
brands.
Kraft Foods Inc., an American branded foods and beverages company,
announced that it has signed an agreement with Cadbury Schweppes
Australia Limited...
Kraft Foods Inc., the largest U.S. food company, raised $8.7
billion on Tuesday in the second-largest U.S. initial public
offering ever, winning investor...
Kraft Foods International announced on March 2 that it has acquired
Societe des Cafes Ennasr,a leading producer and marketer of roast
and ground coffee...
Kraft Foods, Inc., the US food group, recently announced its plans
forintegrating operations of Nabisco with its Kraft Foods North
America and KraftFoods...