UK: Pladis to invest $91 million in manufacturing operations
Pladis, the global bakery and snacks firm, has announced a £68 million ($91.12 million) investment across its UK operations. The company is splitting the investments across multiple sites, allocating £21 million ($28 million) to introduce a modern chocolate moulding line with advanced robotic technology at its Stockport site, where its McVitie’s Jaffa Cake brand is […]
USA: Ferrero to acquire WK Kellogg
Confectionery firm Ferrero has announced that it has entered into a definitive agreement to acquire WK Kellogg, the US breakfast cereal manufacturer, for $3.1 billion. Commenting on the move, Ferrero Group executive chairman Giovanni Ferrero said: “Over recent years, Ferrero has expanded its presence in North America, bringing together our well-known brands from around the […]
France: Ferrara in talks to acquire CPK Group
Ferrara, a subsidiary of confectionery giant Ferrero, has announced it has entered into exclusive discussions to acquire CPK Group, a French manufacturer and distributor of sweets and chocolates, from investment firm Eurazeo. The deal, to be transacted via a European holding company of Ferrara, would aim to combine CPK’s strong position in the European confectionery market […]
Italy: Pernigotti and Walcor unite in €70 million merger
Italian confectionary companies Pernigotti and Walcor have announced their merger, backed by key shareholders including JP Morgan Asset Management and Invitalia. The newly formed entity boasts €70 million ($82 million) in annual revenue, over 340 employees, and export sales to nearly 50 countries. Operations will continue at existing plants in Novi Ligure and Pozzaglio ed […]
Italy: New Princes Group buys Kraft Heinz baby food business
New Princes Group, the diversified food company formed on Newlat’s acquisition of Princes last year, has announced the acquisition of the Italian baby food business of Kraft Heinz for €120 million ($140 million), according to a report in Grocery Gazette. As a result of the acquisition, New Princes Group will add a range of new brands to it portfolio, […]
Germany: Griesson De Beukelaer invests in Wurzen plant
Griesson De Beukelaer, the German bakery company behind the Prinzenrolle brand, has announced an investment of €100 million ($117.5 million) to expand production capacity for its Griesson Soft Cake brand at its factory in Wurzen, eastern Germany. The investment will go towards constructing a new production hall, a logistics building with an automated high-bay warehouse, […]
USA: Lactalis to invest €75 million in New York facilities
The US-based subsidiary of French dairy giant Lactalis has announced it will invest more than $75 million to upgrade its Walton and Buffalo facilities in New York state, expanding capacity and efficiency. The investment at the two sites, which process over 800 million lb (36o million kg) of raw milk annually, will retain over 800 […]
Italy: Valeo Foods Group acquires Melegatti Cakes
Valeo Foods, a leading European producer of sweets and snacks, has announced the acquisition of Melegatti Cakes, an Italian sweet bakery manufacturer, in line with its strategy to expand in baked treats. Founded in 1894 in Verona, Melegatti has a portfolio that includes the Italian cakes pandoro and panettone, as well as croissants and a variety of […]
USA: Tyson Foods announces $23.5 million upgrade for Kentucky site
Tyson Foods, the leading US meat firm, has announced a $23.5 million investment to expand and modernise its poultry facility in Robards, in Kentucky’s Henderson County . The project is expected to support the retention of over 1,100 jobs and will include new equipment and infrastructure upgrades aimed at boosting production capacity and product diversity. […]
UK: Haribo to invest in Castleford site
Haribo, the German gummy sweet specialist, has announced plans to invest £35 million ($48 million) at its manufacturing facility in West Yorkshire, according to a Grocery Gazette report. The upgrade reportedly includes a new purpose-built warehouse, as well as the installation of an additional production and packaging line. The announcement comes after Haribo reported a […]