Mondelēz International has signed an agreement with global private equity firm The Riverside Co. and other shareholders—including Tate’s Bake Shop founder Kathleen King—to acquire Tate’s for nearly $500 million. Mondelēz says the deal gives it entree into the premium cookie market. Tate’s was founded in 2000 on Long Island, New York, producing cookies and baked goods. Mondelēz says […]
Category: Snacks Brands
Posted inGrocery News, Center Store, Home Page Latest News, Snacks Brands, Suppliers
NECCO Reportedly Facing Bankruptcy Auction May 23
Revere, Massachusetts-based New England Confectionery Co., or NECCO, reportedly is facing a bankruptcy auction on May 23. The Boston Globe reported that Boston liquidator Gordon Brothers plans to commit to operate the company through November if it has the winning bid at auction. To qualify, cash bids must be at least $13.9 million and be filed by […]
Posted inNortheast, Center Store, Grocery News, Snacks Brands, Specialty
Melville Candy Co. Owners Named Mass. Small Business Persons Of Year
The U.S. Small Business Administration has named Gary and Joseph Melville, father-and-son owners of Melville Candy Co. in Randolph, Massachusetts, as the Massachusetts Small Business Persons of the Year. “We were stunned to get this incredible news,” said Gary Melville, master candy maker. “My uncles started making candy in Boston in the 1940s, and it has […]
Posted inSnacks Brands, Bonus Content, Grocery News, Guest Contributors, Home Page Latest News, Midwest, Shelby Signature Content
Meet Gen Z: Snacking Is Convenient, Efficient And Preferred By Younger Consumers
by Claire Lentsch/a contributor to The Shelby Report Editor’s note: Shelby Midwest Editor Terrie Ellerbee met Claire Lentsch at the 2017 Supervalu National Expo in St. Paul, Minnesota. Lentsch was invited to share her perspective as a member of Generation Z (born since the mid-1990s) and a consumer. Snacking is replacing family meals. A lack […]
Posted inFood Service News, Association News, C-Store News, Grocery Industry, Home Page Latest News, National, Snacks Brands, Store News
NACS: C-Store Sales Up For 15th Straight Year In 2017
U.S. convenience stores experienced a 15th straight year of in-store sales and a fourth straight year of $10 billion-plus in pretax profits, according to newly released State of the Industry data from the National Association of Convenience Stores (NACS). U.S. convenience stores sales overall surged 9.3 percent to $601.1 billion in 2017, led by a 14.9 percent increase […]
Posted inGrocery News, Center Store, National, Snacks Brands, Suppliers
Ferrero Closes On Nestlé USA Candy Brands Sale
The Ferrero Group has finalized the purchase of Nestlé USA Inc.’s confectionery business, a deal that first was announced in mid-January and was estimated to be valued at $2.8 billion. The closing of the acquisition adds more than 20 U.S. brands into the Ferrero portfolio, including Butterfinger, Baby Ruth, 100 Grand, Wonka and the exclusive […]
Posted inSnacks Brands, Center Store, Grocery News, Home Page Latest News, National, Suppliers
Campbell Completes Snyder’s-Lance Acquisition, Creates Snacks Division
Campbell Soup Co. has completed the acquisition of Snyder’s-Lance Inc. for $50 per share in an all-cash transaction, which represents an enterprise value of approximately $6.1 billion. “Snyder’s-Lance represents a strategic and transformative acquisition for Campbell, creating a $10 billion company with nearly half of our annual net sales in the faster-growing snacks category,” said […]
Posted inDairy News, Corporate Store News, Grocery News, Home Page Latest News, New Products, Northeast, Snacks Brands, Store News, Suppliers
RifRaf Ricotta Snack Cups Launching In Select Whole Foods Stores
RifRaf Ricotta Cups—a first-of-its-kind ricotta cheese snack, according to startup company RifRaf—are coming to the dairy aisle at select Whole Foods Market stores. Combining spoonable, lightly cultured whole milk ricotta and a sidecar of flavored jams and honeys, RifRaf hopes to “upset an otherwise uniform yogurt category.” The Ricotta Cups will launch in five inaugural flavors: […]