The Hershey Co. Board of Directors on June 30 rejected an offer from Mondelēz International to buy the company. Hershey confirmed that it had received a preliminary, non-binding indication of interest from Mondelēz International to acquire the company for a mix of cash and stock consideration, totaling $107 a share of Hershey common stock. The […]
Category: Snacks Brands
Hostess Brands Will Go Public & Have New Owners, And More…
Grocery News In Brief… Hostess Brands LLC has new owners and plans to go public. The maker of Hostess Twinkies, Ding Dongs and CupCakes has entered into new agreement with Gores Holdings Inc., which will introduce Hostess as a publicly listed company with an anticipated initial enterprise value of approximately $2.3 billion. Funds managed by […]
Column: Getting A Boost From Nutrition Bars
by Naomi Sleeper Director of Business Development Imperial Distributors As the sun makes an appearance in the summer, so do we…on bike paths, hiking and running trails, waterfronts, sports fields; any outside venue, really. The seasonal upswing in outdoor activities, enhanced by a growing focus on wellness and active lifestyles, means a boost in the […]
Mars Releases Principles In Action Summary Report
Mars has released its annual Principles in Action Summary report, which outlines progress made in 2015 in areas of sustainability, health and well being, food safety, responsible marketing and workplace engagement across its business segments. “We have made significant progress toward making our operations truly sustainable over the last five years,” said Barry Parkin, chief […]
Maine Governor Threatens To Pull Out Of SNAP
Maine Gov. Paul LePage doesn’t want his state allowing the purchase of candy and sugary drinks with Supplemental Nutrition Assistance Program (SNAP) benefits. The governor sent a June 17 letter to the U.S. Department of Agriculture (USDA) demanding that Maine be allowed to forbid using food stamps for certain foods or the state will stop […]
Lil’ Drug Store Expands C-Store Distribution To Healthy Snacks
Lil’ Drug Store Products (LDSP) and Calbee North America have formed an exclusive partnership in the convenience channel for Harvest Snaps salty snack line. “We are thrilled to be offering Harvest Snaps to our retailers and wholesalers so they can better meet the needs of convenience store shoppers by offering more nutritious choices,” says Doug […]
Wrigley Adds Skittles Line, Jobs To Factory In Illinois
On June 14, Wrigley’s Mars Inc. subsidiary opened a state-of-the-art addition to its Yorkville, Illinois, factory. The Yorkville expansion is the result of a $50 million investment by Mars that adds 145,000 s.f., a new Skittles line and 75 new jobs—a 25 percent increase in the workforce at the facility. “Mars has a long-standing history […]
NCA’s Whiteside: Sweets & Snacks Expo Booming
The National Confectioners Association (NCA) once again saw record attendance at its Sweets & Snacks Expo, held May 24-26 at McCormick Place in Chicago. According to the organization, the Expo drew in more than 17,000 industry professionals from more than 90 countries. The expo hosted more than 750 companies exhibiting their products across nearly four […]
