Mondelez International said it plans to become the global leader in well-being snacks by having 50 percent of its portfolio in this category by 2020. The company also committed to optimizing its existing e-commerce platforms and broaden its portfolio, targeting all consumers in response to shifts in income distribution.
Mars Chocolate North America says it will invest an additional $100 million into its Topeka, KS site, breaking ground on a new state-of-the-art 90,000-square-foot facility that will create 70 new full-time jobs.
Mondelez International said Tuesday it will invest $370 million to acquire an 80 percent stake in the Kinh Do Corporation’s snacks business in Vietnam to accelerate the company’s growth strategy in Asia.
Despite an increase in organic revenue, rising sales and overall company growth, PepsiCo—which announced a higher quarterly profit Thursday—revealed sales in Mexico were down 3 percent, largely in part to new taxes on junk food.
United Biscuits, an international manufacturer of biscuits and cakes, is pioneering a sustainability initiative through the use of waste cooking oil to power its fleet of trucks.
Snacking company Snyder’s Lance, Inc. announced Monday the company completed acquisition of Baptista’s Bakery Inc., the manufacturer of Snack Factory Pretzel Crisps.