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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...

Siemens: F&B manufacturers are slow to embrace IoT and Industry 4.0 demands

Food and beverage (F&B) manufacturers are slow to meet the rising demand in digitalization and adapt their machines to customized packaging, according to Siemens.

Expo East 2016

Expo East 2016 sneak peak: Some of the contenders for Best of East award

Forty-eight natural products are competing to be winner of the Best of East Awards at the Natural Products Expo East in Baltimore, Maryland this year.

PepsiCo launching Swiss Chalet chips at retail after sell-out foodservice debut

Swiss Chalet sauce-flavored Lays potato chips – rolled out earlier this month in restaurants – are now getting a retail launch.

Renshaw owner Real Good Food sets sights on US cake decorating market

UK-based bakery and ingredients firm Real Good Food has created a subsidiary business to grow its cake decorating export business in the US.

Innovation and investment pay off for UK bakery firm Finsbury Foods

Investment in innovation and capacity has contributed to 5% organic revenue growth at UK cakes and baked goods manufacturer Finsbury Foods.

PepsiCo launches Pop Works in UK as US firms eye British popcorn market

PepsiCo is ramping up its presence in the UK snack markets with the roll-out of popcorn brand Pop Works & Company.

Flowers chief: 'Nobody on our team is happy or satisfied with our performance'

Flowers Foods this week said it is taking a “hard look” at every aspect of its business following a tough first half of the year that has seen its share...

Premier Foods aims to woo younger shoppers with Cadbury Whole Cakes

Premier Foods is expanding its booming Cadbury Cakes brand in the UK with a range of sharing cakes.

Kellogg extends New York cereal café menu as it aims to tap foodie culture

Kellogg has extended the menu at its NYC cereal café with a pumpkin spice latte bowl based on limited-edition Mini-Wheats Pumpkin Spice cereal.

Bunge North America takes controlling stake in corn flour supplier Grupo Minsa

Ingredients supplier Bunge North America is to take a controlling stake in Mexican corn flour producer Grupo Minsa.

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.

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