News

In keeping with industry growth, Pack Expo Las Vegas 2023 (11 to 13 September, Las Vegas Convention Center) is on pace to be the largest, most comprehensive edition of this trade show since its inception. SP

Arla Foods has reported solid financial results despite recognizing a volatile marketplace dominated by inflation. SP

Belcolade is launching a first-of-its-kind Plant-Based White Couverture. SP

In 2022, Bühler expanded its business and improved profitability in an uncertain and volatile business environment. SP

Palsgaard has started work on a major expansion at its specialist Netherlands factory for high-grade PGPR (polyglycerol polyricinoleate) emulsifiers. SP

PepsiCo Inc. has reported net revenue growth of 8.7% (organic change + 14%) to USD 86. 4 bn in its 2022 full-year results, reflecting pricing actions as the “business remained resilient”. SG

Marco Gadola (59) was recently elected to Bühler Group’s board of directors. SG SP

PMMI, The Association for Packaging and Processing Technologies, announces Patty Andersen from Delkor Systems as the 2023 chairperson of the board, the first time a woman has held the position at the association. SP

Tony’s Open Chain is an initiative by Tony’s Chocolonely that invites chocolate manufacturers to change the sustainability norm in cocoa. Following the agreement signed, Baronie and Cémoi will become a processing partner for Tony’s Open Chain. SG SP

Ferrero Group has acquired the Naples-based company Fresystem that is a market leader in the Italian breakfast frozen bakery sector, known for its ­Cupiello brand, and a supplier to major bar chains in Italy, such as McCafé and Chef Express. SG

The British Serious Sweets Company (SSC) has acquired Mallow & Marsh for an undisclosed sum. Founded in 2013, Mallow & Marsh makes lighter marshmallow products, including bars in a range of flavours. SG

Consumer Reports, an independent, non-profit consumer organisation, recently tested 28 different dark chocolate bars in the US and detected “concerning levels” of cadmium and lead in all of them, two heavy metals linked to a variety of health problems. SG SP

The last three months of 2022 saw declines in the price of some flexible packaging materials, as demand stabilized amid continued uncertainty about the global economic outlook and energy costs. SP

German confectionery suppliers closed out 2022 with a slight increase in revenues of 2.3% up to € 15.392 bn. SG

The Hershey Company has exceeded analysts’ estimates on full-year net sales and profit after a strong ending to the fourth quarter with consolidated net sales of USD 2.,65 bn, an increase of 14.0%. SG