Ferrara Candy to Invest $675 Million in New Manufacturing Site in South Carolina Ferrara Candy has announced plans to spend $675 million on building a new manufacturing site in South Carolina to meet the increasing demand for popular candies like…
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Overview: Nestlé has sold its Blue Bottle Coffee business to China-based Centurium Capital. The deal includes Blue Bottle’s cafes and CPG business, while Nestlé retains the rights for Blue Bottle’s single-serve Nespresso pods. Centurium Capital, the biggest stakeholder of China’s…
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Laird Superfood Expands with Acquisition of Terrasoul Superfoods Overview: Laird Superfood is investing $48 million to acquire Terrasoul Superfoods, known for their nuts, powders, baking ingredients, and functional beverage mix-ins. The funding for this acquisition comes from Nexus Capital Management,…
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Introducing a new section called “Leftovers,” where we take a look at some intriguing product ideas that are making waves in the market. From unique flavors to innovative concepts, here are a few gems that have caught our eye. Lay’s…
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Sara Lee owner Bimbo Bakeries USA is moving its headquarters from Horsham, Pennsylvania to the Dallas area to drive growth. Dallas is a key market for Bimbo, with several bakeries, sales centers, and distribution facilities in the region. The relocation…
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Key Points: Hershey is enhancing the resilience of its cocoa supply chain by diversifying sourcing and strengthening supplier relationships, as stated by Chief Supply Chain Officer Jason Reiman. To achieve this goal, Hershey is expanding cocoa production beyond traditional suppliers…
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ERLANGER, Kentucky – As consumers continue to seek out more protein in their snacks and treats, food manufacturers are responding by expanding their product offerings. However, the quality of protein used in these products varies, presenting companies with the challenge…
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Nestlé’s Innovative Approach to Product Development Nestlé is known for its constant innovation across various product categories. The consumer packaged goods (CPG) giant is venturing into at-home condiments with the launch of Minor’s Kitchen, a new brand under its Minor’s…
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Anheuser-Busch Doubles Domestic Manufacturing Investment to $600 Million Anheuser-Busch is doubling its domestic manufacturing investment to $600 million as the beer giant positions itself for future growth, the brewer said Wednesday. The investment marks a $300 million increase in its…
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Mars Partners with Ofi to Cut Carbon Footprint in Cocoa Supply Chain Mars and Ofi have teamed up to launch a project aimed at reducing the carbon footprint of cocoa production in Ecuador. This five-year initiative will help farmers adopt…