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The Ferrero Group and its affiliated companies (“Ferrero”), a global confectionary group, today announced a definitive agreement pursuant to which it will acquire the U.S. confectionary business from Nestlé for $2.8 billion in cash. Nestlé’s U.S. confectionary business generated sales of approximately $900 million in 2016. Ferrero will acquire more than 20 American brands with…
The Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products, celebrates the 10th anniversary of its chocolate factory in China, a USD 20 million investment, inaugurated in January 2008. Barry Callebaut experienced double-digit growth in China over the last three years. Barry Callebaut’s Asia Pacific President Ben De Schryver said: “Over…
Koelnmesse had a record-breaking year in 2017. At over €350 million, the trade fair company’s turnover surpassed that of the previous record year of 2015 by around 10 percent and once again far exceeded expectations. “We achieved our ambitious growth targets as promised and even added a bit on top,” says Koelnmesse CEO Gerald Böse,…
For the first time in its history of almost 175 years, Lindt & Sprüngli achieved sales worth CHF 4 billion Swiss francs. Besides gaining significant shares in almost all markets, Lindt & Sprüngli once again grew faster than the overall chocolate market. Given the challenging conditions, such as largely saturated chocolate markets, a changing retail…
Recipients recognized for making workplace safety a core business value. To recognize industrial companies with best-in-class safety, Rockwell Automation has announced U.K.-based equipment builder A.M.P Rose, and automotive manufacturer Honda of Canada Manufacturing as the winners of its fifth annual Manufacturing Safety Excellence Awards. “The awards honour organisations that are leading the way in workplace…
Crown Holdings, Inc. has released its 2017 Sustainability Report to demonstrate the progress it has made on its sustainability journey. Metrics published in the report include decreased aluminum usage, lower greenhouse gas emissions, reduced VOC and NOx emissions and zero work-related fatalities. The report is available at https://sustainability.crowncork.com. Titled “Infinite Innovation,” the report illuminates the…
The ordinary Annual General Meeting 2017 of Barry Callebaut AG, the world’s leading manufacturer of chocolate and cocoa products, was held today in Zurich-Oerlikon under the chairmanship of Patrick De Maeseneire, Chairman of the Board, and Jakob Baer, Vice-Chairman of the Board. 1,174 shareholders attended the meeting, representing 4,575,977 shares and equaling 83.37% of the issued share…
Aurelius Equity Opportunities SE & Co. KGaA the listed mid-market pan-European investor, announced the acquisition of Abelan Board Industrial S.L., a major producer of core board and solid board packaging products operating out of Southern Europe, from PHI Industrial. The deal represents Aurelius’ third acquisition in the European packaging sector since 2015 and will further…
At 30th of November Cargill inaugurated their new solar power facility at their Cocoa & Chocolate site in Tema, Ghana. This energy project contributes to Cargill’s global strategy of investing in environmentally friendly, renewable ways of generating power for industrial production. By investing in renewable energy, Cargill is living up to its responsibility to find…
Barry Callebaut, the world’s leading manufacturer of high-quality chocolate and cocoa products, today announced that it has successfully closed the acquisition of the ingredients division of Gertrude Hawk Chocolates in the U.S. The integration will start as of now. Antoine de Saint-Affrique, CEO of Barry Callebaut, said: “Gertrude Hawk Ingredients adds new capabilities, technologies and…