Mars completes acquisition German functional food company foodspring

GERMANY – American confectionery giant Mars Incorporated has completed the acquisition of a significant majority stake in the German based nutrition firm, foodspring. The deal, which was announced in June this year, will see foodspring […]

Cadbury Nigeria reports growth in revenue supported by increased sales

NIGERIA –  Nigeria’s beverage and confectionery manufacturer, Cadbury Nigeria Plc, has reported 32% growth in gross profits to US$6.68 million (N2.4bn) in the first quarter of 2019 driven by higher sales and lower finance charge. […]

Cadbury Nigeria sustains growth momentum, names Ogaga Ologe as Finance Director

NIGERIA – Cadbury Nigeria Plc, the Mondelez International’s snack and confectionery arm in Nigeria, reported growth in net earnings by 174% to US$2.27 million during its 2018 financial year. The confectionery and food drinks manufacturer […]

Cadbury Nigeria appoints Oyeyimika Adeboye as new Managing Director

NIGERIA – Cadbury Nigeria Plc has appointed Mrs Oyeyimika Adeboye as the company’s new Managing Director effective 1st April 2019. Mrs Adeboye takes over from Mr Muhammad Amir Shamsi – who will take on a […]

Cadbury Nigeria returns to profit with 10.6% rise in revenue

NIGERIA – Cadbury Nigeria, a snack and confectionery arm of Mondelez International has ended the nine months to September 30 with a profit of US$474,100.80 from a loss of US$176,409.60 it reported last year in […]

Ferrero USA invests US$9m to expand New Jersey plant

USA – Ferrero USA, the global confectionery company known for brands such as Ferrero Rocher, Nutella, Tic Tac and Kinder Joy, announced the US$9m expansion of its industrial facility located in Franklin Township, Somerset, N.J. […]

TasteTech launches new Gum Kit to help manufacturers create longer lasting chewing gum

UK – TasteTech, a leading manufacturer of controlled release flavourings and ingredients for the global food industry, has launched a new Gum Kit specifically designed to help chewing gum manufacturers create longer lasting chewing gum. […]

Mondelēz International commits to making all packaging recyclable by 2025

USA – Mondelēz International, an American multinational confectionery, food, and beverage company, has announced a new commitment to make all packaging recyclable and provide recycling information by 2025. According to the company, it will work […]

Kenyan confectionery firms lose US$1.3m in export earnings from sweet row

KENYA – Local sugar confectionery firms have lost US$1.34 million in export earnings in the six months ended June, reflecting the impact of trade war between Kenya and Tanzania, reports Business Daily. According to Kenya […]