Barry Callebaut completes acquisition of Europe Chocolate Company, extends supply agreement with Hershey

BELGIUM – Swiss-based cocoa processor and chocolate manufacturer Barry Callebaut has successfully closed the acquisition of Europe Chocolate Company (ECC), a Belgian privately-owned B2B manufacturer of chocolate specialties and decorations.  In a statement, Barry said that it will now focus on integrating the business into the company’s global operations.   ECC integration is expected to strengthen Barry Callebaut’s manufacturing capabilities in the growing market of highly customized chocolate specialties and decorations.  “We are pleased to close this acquisition and very happy to welcome the ECC team to the Barry Callebaut family,” Wim Debedts,…

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Keurig Dr Pepper, Hershey report strong Q2 results as markets recover from pandemic downturn

US – Leading producer and distributor of hot and cold beverages Keurig Dr Pepper (KDP) and multinational chocolate company Hershey have reported strong second quarter results boosted by recovering demand in major markets globally.  KDP, saw its Q2 net sales grow 9.6% to US$3.14 billion driven by what its executives describe as growth across its business segments.  Both of the beverage giant’s largest units saw overall net sales growth in Q2 with packaged beverages growing its net sales by 7.6%, while coffee systems recorded a 5.6% increase.  The coffee systems segment saw nearly flat pod volume…

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Hershey partners Land O’Lakes to drive sustainability in dairy, appoints Geetika Mehta as MD for India

US – The Hershey Company, one of the largest chocolate manufacturers in the world, is taking sustainability efforts to the farm level through a new partnership with one of its main dairy suppliers Land O’Lakes.  According to a statement from Hershey, the partnership will see the two companies work on a new initiative to reduce greenhouse gas emissions at Pennsylvania dairy farms and improve water quality in the Chesapeake Bay watershed.   At least 119 Land O’Lakes member dairy farms in Central Pennsylvania that ship at least half of their milk to…

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Hershey poised to expand offering with acquisition of better-for-you confectionery brand Lily’s

US – The Hershey Company, one of the largest chocolate manufacturers in the world, has  entered into a definitive agreement to acquire Lily’s, a high-growth, better-for-you (BFY) confectionery brand.  Based today in Boulder, Colo., Lily’s traces its roots to co-founder Cynthia Tice’s decision to raise awareness about better-for-you foods by opening Center Foods, a natural foods store, in Philadelphia in 1978. In 2012, the Cynthia launched four Lily’s chocolate style bars nationally in Whole Foods Market. Almost a decade later, the brand’s expanded line of bars, baking chips and other…

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Hershey targets unsustainable plastic packaging in new 10-year sustainability plan

US – American multinational snack and food company, Hershey is targeting unsustainable plastics in its recently launched 10-year sustainability plan. Hershey said it is aiming for 100% of its plastic packaging to be recyclable, reusable, or compostable by 2030. Apart from making its packaging more sustainable, the maker of KitKat chocolates has also pledged to reduce its packaging weight by 25 million by 2030. Weight has a significant contribution to the company’s overall carbon footprint and reducing it significantly would help to reduce Hershey’s overall carbon footprint. When it comes…

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