The Hershey Company has agreed a deal to buy Godrej Industries 49% stake in the two companies’ Indian joint venture and has announced plans to set up its own subsidiary: Hershey India
Packaged foods specialist B&G Foods is in search of shelf-stable brands or groups of brands with “defensible, niche positions” in their categories and sales of less than $100m, says chief executive Dave Wenner.
Campbell Soup impressed investors with higher-than-expected earnings in the fourth quarter but admitted that its turnaround “is taking us longer than we anticipated”.
Gruppo Campari today announced a US $414.7m deal to acquire Jamaican rum company Lascelles (LdM) de Mercado and said it planned to use its new heritage brands to spur 'underdeveloped' super-premium rum sales worldwide.
US dairy Dean Foods has announced a fresh round of lay-offs at its Evart, Michigan-based Liberty Dairy plant – the latest signal of its intentions to call time on production at the facility.