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Trends > Diversification

Diversification

Diversification

Companies are increasingly moving into new market areas in a bid to drive and grow business. It's a risk, particularly if knowledge in the new sector isn't as strong as competition, but it seems to be one worth taking...

Snack NPD August 2016: Good Thins’ new flavors, Burton’s Biscuit, Jack Link’s new jerky and strips

BakeryandSnacks presents a monthly round-up of product launches, relaunches and innovation that caught our eye in August.

Berry Plastics to acquire AEP to become a ‘one-stop shop’ for customers with flexible film needs

Berry Plastics Group has entered into an agreement to acquire AEP Industries (AEP), a manufacturer of flexible plastic packaging films in North America, for $765m, expected to close in December.

Amplify revenue up 26% despite slow Paqui tortilla chips sales

SkinnyPop owner Amplify Snack Brands has seen sales surge by more than a quarter, but admitted recently launched tortilla chip brand Paqui has got off to a slow start

Shick and Esteve to supply Rockwell and Siemens system control platforms

US ingredients equipment supplier Shick Solutions has been acquired by Bretèche Group for an undisclosed sum and will be joining forces with Bretèche businesses including Diosna, VMI and Esteve....

NCA Sweet Insights 2016

Natural-positioned snacks driving growth in specialty channel, says Spins

Snack sales are growing more than twice as fast in the US ‘speciality gourmet’ retail channel than through mainstream stores, according to retail analysts Spins.

Gryphon satisfies its sweet tooth with second dessert acquisition

Private equity firm, Gryphon Investors, has agreed to acquire Lawler Foods, which manufactures gourmet cheesecakes, layer cakes, pies and other desserts for retail and foodservice customers across North America.   ...

NCA Sweet Insights 2016

Breakfast potato chips, frozen corn puffs and printed chocolate - the changing face of snacks and candy

Technology and demand for healthier and interactive products is helping transform the snacks and confectionery market, say analysts.

Starbucks to bake on site for first time through Princi tie-up

Starbucks Corporation has invested in Italian boutique bakery Princi and will be bringing the company’s products to its recently announced premium Starbucks Reserve Roastery sites.

PepsiCo boss: Frito-Lay 'just getting started’ in premium snacks

Frito-Lay is “just getting started” in the premium snacks market according to Indra Nooyi, chairman and CEO of owner PepsiCo.

Guest article

‘Confused about the impact of big data on food manufacturing?'

‘There’s a lot of excitement about the internet of things (IoT) and big data but realistically many larger food manufacturers already have access to lots of data.

UK bakery giant Warburtons hit by pressure on bread profit margins

Continued pressure on the UK grocery market has hit profits at the country’s biggest bread brand.

No PayDay: Hershey rejects Mondelēz $23bn takeover approach

Hershey has rejected a takeover approach from Mondelēz International that would have created ‘the world’s largest candy company.’

US flatbread and tortilla manufacturer Mesa Foods acquired by Teasdale

Kentucky-based tortilla and flatbread manufacturer Mesa Foods has been acquired by Hispanic foods specialist Teasdale Foods.

Kellogg to invest $100m in start-up food firms through venture capital fund

Kellogg has set up a venture capital fund that will be used to invest in businesses developing new ingredients, foods, packaging and technology.

Fazer Group to expand bakery operations in Russia and Finland

International bakery and confectionery business Fazer Group has announced it is to expand its operations with a new factory in Russia and the acquisition of an artisanal bakery in Finland.

Snack Attack 2016

Good Health unveils new lines including brand's first tortilla chips

Vegetable-based snacks brand Good Health is rolling out three new products in the US this summer - including its first tortilla chips.

Hostess acquires Superior on Main to tap in-store bakery growth

Hostess Brands has made its first acquisition since coming under new ownership itself in 2013.

Snack Attack 2016

Marinade brand Soy Vay enters snack category with popped rice clusters

Asian marinades brand Soy Vay has extended into the US snacks category with the launch of popped rice clusters.

sweets & snacks expo 2016

‘Everything is a snack’: the foods and formats transforming the category

With 96% of US consumers snacking between meals – and the lines between mealtimes continuing to blur – analysts say the range of foods accepted as a snack continues to grow.

sweets & snacks expo 2016

News from 2016 Sweets & Snacks Expo: Hydrox Cookies are back with a vengeance

Cookie brand Hydrox - which was axed in 1999 - has returned to the US market in a big way with listings in Kroger and Walmart stores.

More tea, Tesco? Revival in British tradition prompts cakes range launch

Tesco has launched a range of cakes designed to tap rising demand for traditional afternoon tea in the UK.

Post Holdings: Shift away from promotions is healthy for us and cereal category

Post Holdings says a shift away from promotions is set to benefit the cereals category and its own cereals business.

Kellogg US snacks sales hit by direct store delivery shake-up

A major reorganization of Kellogg’s snacks direct store delivery system took its toll on sales in the first quarter of the year, the company has admitted.

Brand growth and currency drive 21% hike in Grupo Bimbo North America sales

Increased marketing investment and more effective promotional activity has helped drive a 21% year-on-year hike in net sales of Grupo Bimbo’s North American business.

Alpha Baking moves into sweet goods with ConAgra bakeries acquisition

S Rosen’s brand owner Alpha Baking Co is extending into sweet goods with the acquisition of two US bakeries from ConAgra Foods.

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