Nestlé to halt production at New Zealand facility, develops new sustainable packaging for confectionery in UK

NEW ZEALAND –  Swiss food manufacturing giant Nestlé has announced a proposal to relocate confectionery production from its  Wiri, New Zealand factory to a larger Allen’s factory in regional Victoria, Australia. The company said the relocation of operations at the Wiri site which produces Allen’s chews lollies for sale in Australia would result in up to 45 redundancies. Chris O’Donnell, confectionery general manager at Nestlé, said that the company regretted that the proposal will entail job losses at Wiri and that Nestlé would provide staff with a generous redundancy package…

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Egyptian snacks manufacturer Edita Food receives US$5.725m financing from NBK

EGYPT – Edita Food Industries, Egyptian leader in packaged snack food market has inked a medium-term financing contract worth EGP 90m (US$5.725m) with the National Bank of Kuwait (NBK), to finance its capital expenditures. The loan which is part of the Central Bank of Egypt (CBE) initiative to support Egyptian companies navigate the current tough economic environment triggered by the pandemic, comes with a seven-year term, reports Daily News Egypt. Menna Shams El Din, Director of Investor Relations at Edita Food Industries, said that the loan will be used to…

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Nigerian manufacturing major Mamuda Group commences operations on newly built confectionary factory

NIGERIA – Mamuda Group, one of Nigeria’s leading manufacturing company has inaugurated its multi-billion Naira confectionery factory, under its subsidiary Mamuda Foods Company. The factory built in Kano State will undertake production of biscuits and chocolates, promoting local manufacturing. According to an insider’s report, Bosch Thermotechnology, the leading manufacturer of energy-efficient heating products, provided the firm with a 3-ton boiler. For its energy requirements, Mamuda is leveraging on its recently launched 22.5 megawatts gas power plant. The powerplant has an installed cryogenic storage tank with a capacity of 110M and…

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Kind to acquire better-for-you snack bar maker Nature’s Bakery

US – American healthy snack manufacturer Kind has entered into an agreement to buy snack bar brand specializing in a range of plant-based and nut-free snack bars Nature’s Bakery. Founded in 2011, Nature’s Bakery has a portfolio, which includes fig bars, brownie bars and other soft-baked options. Its acquisition is seen by many analysts as a natural step in Kind’s growth strategy as its portfolio is said to provide a differentiated and complementary offering to Kind’s existing range. “If you look at pantries across the country, odds are you will…

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Confini Ltd. introduces flavoured licorice candies

Company name: Confini Ltd, Kenya  Product type: Confectionery Innovation: New product Confini Ltd, based in Nairobi, Kenya has launched a range of premium limited edition licorice Very Berry Belts candies into the local market. The candies come in four flavours: blueberry, berry, raspberry and strawberry. The candies are packaged in tin, round shaped gift packs and are 120 grams Claims: Gelatine free and Good for Vegetarians Ingredients: Sugar, glucose syrup, wheat flour, vegetable fat, modified fat powder, cocoa powder, emulsifier, acidulants, antioxidant, gum arabic, flavours and colours

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Canadian private equity firm acquires majority stake in Regal Confections

CANADA – Clearspring Capital Partners, a Canadian private equity firm has acquired a majority stake in confectionery distributor Regal Confections for an undisclosed firm. The acquisition was made through Clearspring Fund III, a US$260 million closed private equity fund managed by Clearspring Capital Partners. A report from Regal said that the acquisition will reportedly strengthen the company’s portfolio of products and brands and accelerate growth. Regal Confections specialises in the distribution of confectionery brands – including Tootsie Roll, McCormicks and Pez – to a range of channels such as club,…

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Germany’s Haribo to build one of the largest confectionery production plants in the US

US – Haribo Group, one of the fastest growing confectionery brand in North America, has launched the construction of its first-ever manufacturing plant in the US. Based in Bonn, Germany HARIBO GmbH & Co. KG, is a market leader for fruit gum and licorice products in Europe and has market share of about 60 percent in Germany. It makes over 200 other chewy sweets, including fruit gum products, licorice, marshmallow candies, chewing gum, and so-called Kaubonbons–chewy candy with the texture of gum that dissolves in the mouth. The company plans…

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