Lactalis Canada Inc., a subsidiary of France-based Lactalis Group, is adding Kraft Heinz's Grated cheese business to its growing portfolio as part of the Group's US affiliate, after completing the acquisition of Kraft Heinz's Natural, Grated,...
Mondelēz International is letting 250 staff go at its chocolate factory at Bournville, which makes a range of Cadbury branded products, including Cadbury Dairy Milk.
Mondelez has reported growth through innovation in the atypical French market that favors premium and dark chocolate more than most places in the world.
Unilever has made its first foray into the UK confectionery market after reaching a licensing deal with Kinnerton Confectionery for ice cream brands Magnum, Cornetto and Mini Milk to be made in chocolate form.
Unilever has topped the Climate Counts scorecard for the second year running, as the corporate climate responsibility watchdog unveils a new ‘soaring’ tier in its scoring to reflect the nearly doubled average score since 2007.
Mondelēz International was weighed down by operational issues in Brazil and Russia in the third quarter (Q3) which harmed overall performance in its first results since it split from Kraft Foods in October.
Kraft Foods have reported strong third quarter 2012 results with growth fuelled by new products and gains in productivity, says the newly independent business.
Food processing giant Kraft Foods was forced to order the evacuation of around 1,800 people after a mixing error at a cream cheese factory in Germany created a cloud of hazardous gas.
The developing markets of Brazil, Russia, India and China will drive sales for Kraft’s global snacks business Mondelez International, according to CEO Irene Rosenfeld.
Risks remain for Kraft Foods ahead of its planned split as it is squeezed by commodity costs, but it will sustain growth in 2012, according to the rating agency Standard and Poor’s (S&P).
Developing markets are to make up almost half of revenues for Kraft’s global snacks business as the spin-off business announces Irene Rosenfeld as its head.
Kraft has confirmed that it has chosen Cadbury’s site in Bournville as the site of a new chocolate centre to “drive new product development and new technologies” for chocolate brands.
Kraft, in its second quarter results, reports continuing challenges ahead for its gum and candy division in developed markets, and claims the Cadbury takeover is a fundamental earnings driver, with its global chocolate earnings up 9 per cent.
Kraft Foods has said it intends to split into two companies, in a move that would create a global snacks powerhouse separate from its North American grocery business.
Reflecting the continuing industry trend toward outsourcing, Barry Callebaut said a new supply deal it has agreed with Hershey will put its annual deliveries beyond the current 80,000 metric tonnes.
Despite robust overall growth, Kraft is still suffering from costs associated with its £11.5bn Cadbury purchase, according to the US giant's full-year accounts.
Industrial chocolate supplier Barry Callebaut has secured a key, long-term supply contract with Kraft Foods, which will see the Swiss firm invest €51m to expand production capacity in North America, the Ivory Coast, Malaysia and Europe.
EU consumer watchdog BEUC is renewing its campaign for tighter controls on the marketing of foods that are high in fat, sugar and salt to children as part of a broader strategy to tackle obesity and diet-related disease.
Senior Kraft Food executives pledged their commitment to Cadbury Ireland this week in discussions with the Irish minister for Enterprise, Trade and Innovation, Batt O’Keeffe.
Kraft Foods has confirmed it has had an initial takeover bid for Cadbury rejected but said it intends to work towards a deal that would create a $50bn food industry powerhouse.
Kraft explains its approach to health and wellness in the second of
a series of FoodNavigator-USA.com articles examining the practices
of major US food firms in the face of a growing need to address
human nutrition.
Mergers and acquisition activity is always ongoing in every segment
of industry, but this summer looks to be a particularly hot one for
food and beverage manufacturers.
Cadbury Schweppes has said it will separate its confectionery and
US soft drinks businesses, sending ripples of speculation across
the financial sector about the firm's motives.
Obesity concerns and a lack of innovation have driven down sales of
fruit-flavored juice drinks in the US over the past five years, and
prospects to boost the market remain dismal according to a new
report by Mintel.
Leading food manufacturer Kraft has paid £575m (€829.6m) for United
Biscuit's southern European snack business. The deal was signed off
over the weekend, said British daily The Financial Times.
American manufacturer Kraft will make a bid for United Biscuit's
southern European division, while Premier Foods and a Dutch equity
firm negotiate for stakes in UB's northern European operations.
Kraft Foods has announced plans for a major European reshuffle and
a string of acquisitions, as US parent company Altria segregates
the food producer from its ailing tobacco subsidiary.
Food giant Kraft has reduced the trans fat content in around 650 of
its products, in time for the 1 January labeling deadline, which
will require all food companies to label the amount of trans-fat in
their products.
Kraft Foods, one of the world's largest food producers, has begun
selling melted cheese in Russia and has an aggressive expansion
plan to become a leading player within seven years.
Kraft Foods Global has extended its collaborative research
programme with Senomyx on novel flavour modifiers for a further two
years, underlining the flavour technology firm's success in working
with the biggest food manufacturers.
Kraft Foods, the world's biggest food company, has announced its US
operation is to provide consumers with more nutritional information
about its products - a precedent already set by its UK division,
Tom Armitage reports.
Despite attempts by Kraft Foods to give the company a healthier
image, earnings fell for the fifth straight quarter as higher
commodity costs and retail price pressures took their toll.