News

Dr. August Oetker is acquiring the company Wilton Brands, a leading U.S. manufacturer of baking ingredients and equipment as well as decorations, from an affiliate of TowerBrook Capital Partners. SG

Roquette has completed the acquisition of Sethness Products Company (Sethness), a leader in the production of caramel colours for food and beverage applications, further leveraging both companies' global capabilities in caramel colours. SP

Brazilian confectionery and snacks exports increased by 7.14% in the first half 2018, reaching USD 255.1 m. It confirms the trend that has been observed since 2017, when exports reported a strong growth of 19.4% compared to the previous year. SG SP

Nestlé today completed the acquisition of a majority stake in Terrafertil, a natural foods company and main global producer of goldenberries, following approval of relevant antitrust authorities. SG SP

The amount of sustainable cocoa sourced by Cargill in Ghana has doubled since the establishment of its own licensed buying company (LBC) model. Over 13,000 cocoa farmers are now benefiting from the initiative – up by 30% from 10,000 a year ago. SG SP

Carole Le Meur, Chief Human Resources Officer and member of the Executive Committee, has decided to leave Barry Callebaut as per September 9, 2018 to attend a Senior Executive Program at a prime US University in the next months, before pursuing her career further. SG SP

Schubert-Consulting, a unit of Crailsheim-based Schubert Packaging Systems GmbH, was named top consultant in the “Technical Consulting” category for the second time at the fifth German Small and Medium-Sized Enterprises Summit. SG SP

On 1 September 2018, Cologne district court has opened insolvency proceedings over the assets of Zanders GmbH. Lawyer Dr. Marc d'Avoine was appointed as insolvency administrator. SG SP

Various temporary and exceptional effects impacted upon the half-yearly results.

These include high initial costs and delays on the new spray drying tower and a lack of sales in China, which ... SP

The company CPK, subsidiary of the French investment group Eurazeo, announced that it has launched exclusive talks with Katjes International in relation to Carambar&Co and Lutti combining. SG

The German Folding Carton Association “Fachverband Faltschachtel-Industrie e.V.” (FFI) launches the implementation of an online cardboard database that will be available in German and English. SG SP

The investor-related holding Valeo Foods Group has completed the acquisition of Tangerine Confectionery, one of the U.K.’s leading independent manufacturers and distributors of family-favourite confectionery. SG

The snack concern Mondelez International reported important progress against its 2020 impact goals in its 2017 “Impact For Growth” progress report. SG SP

The U.S. concern Cargill Inc. intends to invest USD 150 million in Brazil facility to meet market demand for high-quality pectin SG SP

The executive team at the strapping system specialist Mosca GmbH is expanding. Alfred Kugler has recently joined Timo Mosca and Simone Mosca as one of the family-owned company’s members of the management board. SP