Sugar & Confectionery
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Carolina Foods to double operating capacity with new production facility
USA — Carolina Foods, LLC, one of the country’s leading manufacturers of sweet baked goods, has announced plans to double its operating space and capacity…
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IBL controlled firm Alteo increases stake in Kenyan miller Transmara Sugar Company
KENYA – Mauritian multinational conglomerate, Alteo, has increased its stake in Kenya based Transmara Sugar Company Limited from 51 percent to 69.2 percent at a…
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Grupo Bimbo posts record Q2 net profit on increased demand
MEXICO— Mexican bakery giant Grupo Bimbo reported second-quarter net profit doubled from the same period the previous year, and the company raised its sales and…
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Le Duff snaps up Lecoq Cuisine to boost its bakery subsidiary
FRANCE— Groupe Le Duff, a world leader in the bakery café sector has acquired North American speciality pastry maker Lecoq Cuisine through its Bridor bakery…
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Ferrero furthers US expansion with innovation center planned for Chicago
USA— Ferrero North America, part of the global confectionery company Ferrero is continuing its expansion in the United States, this time with plans to open…