Lakeview Capital acquires The Mochi Ice Cream Company

USA – An investment fund managed by Michigan-based Lakeview Capital has closed its acquisition of The Mochi Ice Cream Company, makers of My/Mo Mochi Ice Cream and mochi ice cream in North America. My/Mo Mochi […]

Mondelēz International reports strong progress towards accelerating growth

UK – Mondelēz International posted a 4.1% growth in organic net revenue during the year ended December 31, 2019, topping the consensus expectation for a gain of 2.5%. However, Mondelēz reported a 0.3% decline in […]

Zambian company to set up a US$166m sugar refinery

ZAMBIA – Mobe Sugar Company, a wholly owned Zambian private manufacturing company has initiated talks with Luanshya Municipal Council, North-Central Zambia on opening a sugar refinery and auxiliary factories in the district worth over US$166 […]

Russell Stover Chocolates restructures its production and distribution operations

USA – Russell Stover Chocolates, the top manufacturer of boxed chocolates in the US is making several changes to the production, retail and distribution networks to align its operations with the changing consumer needs across […]

Tanzania’s Kilombero Sugar debuts new pack to meet rising demand

TANZANIA – KILOMBERO Sugar Company Limited has introduced 5kg pack ‘Bwana Sukari pack’ of sugar in market to cater for the growing demand for prepacked sweetener aimed at increasing accessibility and ultimately penetrate wider market. […]

Coca-Cola, Dangote eyeing stake in Ethiopian Sugar industry

ETHIOPIA – In the wake of privatizing Ethiopia’s state-owned sugar plants and properties, heavyweight industry players are joining the race with Coca-Cola Company under its subsidiary in Ethiopia and Nigeria-based Dangote Group expressing their interest. […]

Ferrero opens new distribution centre in North America to support expansion

USA – The Nutella, Tic Tac, and Kinder brands owner, Ferrero has opened a new distribution centre in Pennsylvania, USA, designed to support the confectioner’s rapid growth in North America. The new 730,000 square-foot facility, […]

Mondelez International opens new US$30m candy production line in Canada

CANADA – The multinational confectionery firm, Mondelez International has opened a new CAD$40 million (US$30 million) candy production line at its manufacturing facility in Hamilton, Canada. The investment saw the firm add 15,000 square feet […]

UK food industry makes further progress on sugar reduction

UK – Public Health England (PHE) has published its second-year highlighting the progress made by the food industry to voluntarily reduce sugar in everyday foods-indicating that food manufacturers have scaled up their efforts in the […]

Strauss Group debuts milk chocolate bar with 30 percent less sugar

ISRAEL – Strauss Group, an Israeli food manufacturer has launched refined sweet milk chocolate bar made with 30 percent less sugar, inline with consumer demand for low- and no-sugar versions. Sugar in the product has […]