Mars commits US$20m to communities in COVID-19 response

USA – Mars Incorporated, the American multinational confectionery, food, and petcare products company, has announced a new commitment which includes an initial cash and in-kind donation of US$20 million to support communities most affected by […]

Turkish confectionery producer Ülker Bisküvi secures US$455m financing package

TURKEY – Turkey’s leading biscuit maker, Ülker Bisküvi Sanayi has raised a US$455 million financing package from international lenders to enable the company to continue smooth operations and further expansion in Turkey and abroad. The […]

Chinese agricultural group Grass Green acquires majority stake in Sichuan Huiji Food

CHINA – Grass Green Group, the investment arm of New Hope Group, China’s largest privately-held agricultural conglomerate has acquired a majority stake in Sichuan Huiji Food, for an undisclosed sum. Sichuan Huiji Food is a […]

McKee Foods to invest US$500m to expand it snack food production capacities

USA – American snack food and granola manufacturer, McKee Foods has unveiled a US$500 million investment plan to expand its production capacities over the next 15 years. Over the period, McKee Foods plans to invest […]

Mondelēz International appoints Javier Polit as Chief Information Officer

USA – Mondelēz International has appointed Javier Polit as the company’s new Chief Information Officer (CIO), effective March 23, 2020. In this role, he will be responsible for the company’s global information technology solutions and […]

Campbell Soup appoints Valerie Oswalta as president of snacks division

USA – Campbell Soup has appointed Valerie Oswalt as the new Executive Vice President and President of Campbell Snacks, effective March 9, 2020. Oswalt will now take charge of Campbell’s US$3.8 billion snacks division – […]

Mondelēz sets science-based targets to reduce greenhouse gas emissions

USA – Mondelēz International has announced a renewed commitment to reduce environmental impact and drive sustainable growth at scale, by joining the Science Based Targets initiative (SBTi). The global snacking and confectioneries company has also […]

Ferrero USA opens new distribution center in Arizona

USA – Ferrero USA, part of the Italian confectionery company Ferrero Group, has opened a new distribution center in Goodyear, Arizona. The newly constructed 643,798 square feet facility is expected to officially begin operating by mid-March. […]

Platinum Equity acquires European private label biscuits maker Biscuit International

EUROPE – Platinum Equity has acquired Biscuit International, a leading European manufacturer of private label sweet biscuits, for an undisclosed amount. Headquartered in Paris, France, Biscuit International was created in 2016 by the merger of […]

Balchem Corporation acquires specialty snacks maker Zumbro River Brand

USA – Specialty ingredients manufacturer Balchem Corporation has acquired Minnesota- headquartered Zumbro River Brand Inc for an undisclosed sum. Zumbro specializes in developing, marketing, and manufacturing agglomerated and extruded products for the food and beverage […]