Snackworthy currently only accounts for less than 10% of Lehi Valley’s overall business, but this is about to change, Howard Kaufman, Lehi Valley's chief sales officer told BakeryandSnacks.
Japanese food major Morinaga who secured the sales rights for Pringles in Japan should tap into the imports trend and push original US flavours on the market, not Japanese imitations, an industry source says.
Cereal giant Kellogg has received a negative outlook from the rating agency Standard & Poor’s (S&P) as commodity volatility and integration costs from its Pringles acquisition are expected to harm margins.
Snack maker Diamond Foods has said that it has made some market share gains following its failed Pringles bid and is taking steps to reposition the business, including rekindling relationships with walnut growers.
Kraft Foods is the likeliest candidate for Procter & Gamble’s Pringles brand after a deal with Diamond Foods looks lost, though other candidates may be lurking, according to analysts.
The Ukraine has followed US, UK and German authorities by OKing Diamond Foods €1.6bn takeover of the Pringles business from Procter & Gamble that will make it the second biggest snack maker globally after PepsiCo.
US group Sara Lee has announced the sale of its air care business Ambi Pur to Procter & Gamble as it looks to consolidate itself as a top international food and beverage player.
A new player has entered the biodegradable plastic packaging
market, with Procter & Gamble selling off the rights to its
polyhydroxyalkanoate (PHA) technology to
a private company.
The US Food and Drug Administration has given the Procter &
Gamble fat replacer olestra the all-clear, after new scientific
evidence found there was no need to warn consumers of side effects.
Long-time rivals in the household goods market Clorox and P&G
are to join forces in the food wrap sector via a new joint venture
which will see P&G apply its research and development skills to
Clorox' Glad wrap brand.