News

Liteez, developed by Lampados International, is an innovative sweetener for hot drinks like coffeeas well a healthy sweet treat. SP

Despite the buzz around better-for-you products, convenience-store customers are still looking to satisfy their indulgent cravings. Because of this and other cross-channel candy consumerism, the global confectionery market, which was valued at $184 billion in 2015, is projected to reach $232 billion by 2022. SG

The US packaging concern Sonoco, one of the largest diversified global packaging companies, has announced it has signed a definitive agreement to acquire Peninsula Packaging Company for approximately USD 230 m in cash. SG

The Scandinavian confectionery group Cloetta 'AB, Stockholm has signed an agreement to acquire the Stockholm-based Candyking Holding AB, a leading concept supplier of pick and mix candy in the Nordic countries and the United Kingdom. SG

Orkla Confectionery & Snacks Latvija plans to make multimillion investments into the construction of a new, modern and multipurpose factory in Latvia. SG

The Swedish confectionery group Cloetta has reported 3.1% growth, of which 0.5% was organic growth – up to € 617 m for the business year 2016. SG

Mon'delez Rus LLC, a subsidiary of Mondelez International, sells the chocolate factory in Chudovo. The American company SC Johnson (household chemicals) will become the new owner. SG

Nestlé Group`s total sales 2016 increased by 0.8% to CHF 89.5 bn, with a foreign exchange impact of - 1.6%. Acquisitions net of divestitures reduced sales by 0.8%. SG

Mars Inc., a global company producing pet care, confectionery, chocolate, food and other products, is investing USD 900 m in its American supply chain during 2017, the company announced. SG

Sappi Europe, Brussels, and Felix Schoeller Group, Osnabrück/Germany, have entered into a collaboration agreement. SP

Taiyo has relocated its ingredient storage facility in Germany. Special storage rooms guarantee the high quality standards. SP

AR Metallizing has been awarded Belgian National Champion status in the category Environmental and Corporate Sustainability of the European Business Awards thanks to its innovative and sustainable packaging board SilberBoard. SP

Kornelius Thimm, 39, was appointed to the Management Board of the Thimm Group on 1 February 2017. He is expanding the current management team Mathias Schliep (CEO) and Jens Fokuhl (CFO). SG SP

Retailers in Germany should be satisfied with the development of confectionery sales for 2016. According to the IRI confectionery monitor (basis: food retailers + drug stores + hard discounters + gas station shops), revenue from confectionery sales increased by 3.6% to € 12.624 bn. Quantities sold increased by 2.6% over last year to 1.734 m tonnes. SG

Italy-based multinational company Perfetti Van Melle saw revenue grow by 2.5% in 2016 to € 2.7 bn, despite a subdued Chinese consumer market. SG