Industry News

Nestlé to Invest Almost $2 Billion on Projects in Saudi Arabia

The investments will contribute to food security and the development of local businesses, fuel local innovation, and create jobs for youth and professionals in the country.

November 29, 2022

Confection & Candy: Page 4

Industry News

Ferrero to Build $214 Million Production Facility in Illinois

The project is adding 169,000 sq ft to Ferrero’s existing manufacturing campus to help meet growing demand for the Kinder Bueno brand in North America.

November 22, 2022

Industry News

Hershey Building 250,000-sq-ft Pennsylvania Facility

The new Hershey, Pa., site is being constructed to support the company’s production capabilities for brands such as Reese’s, Kit Kat, and Hershey’s.

November 14, 2022

Sustainability

Mondelēz Commits $600 Million to Sustainable Cocoa Program

The new funding of the program, which addresses systemic environmental and human rights challenges, will help increase cocoa volume at scale and the participation of 300,000 farmers in the program by 2030.

October 31, 2022

Industry News

Mondelēz Completes Acquisition of Clif Bar

The transaction creates a $1 billion global snack bar entity and builds on the company’s strategy to prioritize fast-growing snacking segments in key geographies

August 15, 2022

Industry News

Ferrero North America Announces New President and Chief Business Officer

Alanna Cotton, who will report directly to Ferrero Group CEO Lapo Civiletti, will support Ferrero’s global business strategy of strengthening its position in the sweet packaged food category.

August 1, 2022

Sustainability

Ferrero Group Releases 2021 Sustainability Progress Report

The company’s 13th annual report highlights the steps taken to meet its environmental and social targets aligned to four key areas of focus and the achievements Ferrero made in the past year.

July 18, 2022

Industry News

Ferrero Creating New Innovation Center With Strategic R&D Lab

Located in Chicago, the 45,000-sq-ft center will bring together Ferrero teams from across the U.S. to develop new confectionery and sweet packaged food products.

July 14, 2022

Industry News

Mondelēz International to Acquire Clif Bar for $2.9 Billion

The transaction will build on Mondelēz International’s strategy to prioritize fast-growing snacking segments in key geographies and create a $1 billion global snack bar player with leading brands.

June 22, 2022

Industry News

Hershey Opens New R&D Center in Malaysia

The center will fuel product innovation for markets around the world and serve as the company’s AEMEA hub to quickly develop, test, and launch new products.

May 25, 2022

Industry News

Barry Callebaut to Invest $104 Million in New Chocolate Factory

The site in Ontario, Canada, with an initial annual capacity of 50,000 metric tonnes of liquid and molded chocolate production, represents the company’s biggest capital investment in a factory in North America.

May 5, 2022

Industry News

Mondelēz to Pay $1.3 Billion for Mexico’s Leading Confectionery Company

Iconic chocolate and candy brands, including Ricolino, Vero, La Corona, and Coronado, will complement the Mondelēz portfolio and accelerate the company’s growth in the high-priority Mexico market.

April 28, 2022

Industry News

Mars to Build New Global Research and Development Hub

The multi-million dollar investment will create Mars Wrigley’s largest innovation center in the world for snacks and treats, inspiring the next generation of new products to support the company’s iconic global snacks and treats brands.

April 27, 2022