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.