News

Nestlé has announced to sell its Cipiripi confectionery brand to Paraćinka, a subsidiary of Serbian distributor Silco, for an undisclosed sum. SG

Commerzbank Research says it expects a cocoa price in New York of USD 2,600/t in Q4 2018, a little lower than its recent highs. SP

Givaudan, the global leader in fragrances and flavours, today announced it has completed the acquisition of the Nutrition Division of Centroflora Group (Centroflora Nutra), a world player in natural extracts. SG SP

Chr. Hansen Holding A/S has entered into an agreement with Klaus Bjerrum (49) to take up the position as Executive Vice President (EVP) of Natural Colors Division. SP

An increasingly large proportion of cocoa purchased by Dutch cocoa processing companies is certified sustainable, according to the Dutch Ministry of Agriculture, Nature and Food Quality. SP

In 2017, Lekkerland maintained its position as one of Europe’s leading convenience specialists with important contract extensions, acquisitions of major new customers, and successful solutions and concepts. SG

Mondelez International announced an agreement with The Riverside Company, a global private equity firm, and other shareholders, including founder Kathleen King, to acquire Tate’s Bake Shop for approximately USD 500 m. SG

The Finnish packaging group Huhtamaki Oyj has sold its confectionery trademark portfolio to Highlander Partners, a U.S.-based investment company. SG SP

The U.S. concern International Flavors & Fragrances Inc. (IFF) has agreed to acquire Israeli flavors and natural ingredients company Frutarom in a cash and stock transaction valued at appr. USD 7.1 bn, including the assumption of Frutarom’s net debt. SG SP

The Cocoa Barometer 2018 report – a biennial review of the state of sustainability in the cocoa sector, assembled by NGOs around the world – has been released. SG SP

The international Novio Packaging Group will be joining forces with Scandinavian Packaging A/S. SG SP

Austrian sweets manufacturer PEZ has developed an exclusive souvenir for the wedding of the year. SG

Symrise is one of three German companies to meet the ambitious targets of the Science Based Targets (SBT) initiative. The number of companies with scientifically recognized climate targets exceeded 100 for the first time in April 2018. SG SP

The Austrian packing group is now the third largest flexible packaging company in India after successfully completing its acquisition of a majority shareholding in India’s Creative Polypack Ltd after all conditions were fulfilled. SG SP

Building on the strength of its leadership team, pladis has appointed Dmitry Ivanov to the newly created global position of Chief Commercial Officer. SG