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The Hershey Company has completed the tender offer by Alphabet Merger Sub Inc., a subsidiary of Hershey, for all of the outstanding shares of common stock of Amplify Snack Brands, Inc. at a price of US$12.00 per share in cash. American Stock Transfer & Trust Co., LLC, the depositary for the tender offer, has advised Hershey that the tender offer…

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Unilever has reported better-than-expected growth in the fourth-quarter underlying sales driven by a step-up in emerging markets as its restructuring program continues to yield results. The maker of Marmite and Ben & Jerry's ice cream said its underlying sales rose by 4.0 percent in the final quarter of 2017, an improvement from growth of 3.0 percent in the first half…

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For a long time, the sports nutrition category was a niche sector, catering mainly for bodybuilders and elite athletes – the “core users" of sports nutrition products. These individuals, who still exist today, are typically high-volume users, frequent purchasers and are knowledgeable, discerning consumers. Winter sports, in general, have much to do with increased consumption of protein as a whole…

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Ireland-based fruit and vegetable giant Total Produce plans to make a significant investment in US rival Dole Food Company with proposals to acquire a 45 percent stake in the iconic fruit brand and create a powerful partnership. The transaction brings together two of the world’s leading fresh produce companies, with complementary market positions in various product segments and geographies, and…

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Pese a que desde el año pasado el consumo de carne de pollo crece a un menor ritmo que en años anteriores en Nicaragua, a partir de abril Cargill iniciará operaciones una planta de proceso, que con una inversión de USD$ 45 millones tendrá capacidad para sacrificar 13,500 aves por hora durante dos turnos de ocho horas cada día, durante…

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Danone Manifesto Ventures has taken a stake in Harmless Harvest, a leader in US refrigerated premium coconut water and a Fair for Life certified organic producer. Danone’s venture arm has led a US$30 million investment round, alongside other existing and new shareholders. This investment builds on Danone Manifesto Ventures’ commitment to supporting companies at the forefront of tomorrow’s food trends.…

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The Hershey Company is seriously stepping up its game to tackle the problem of deforestation in the cocoa supply chain by declaring it is committed to no new deforestation, effective immediately. The US confectionery giant has pledged to protect forests in cocoa-growing regions where the company sources its cocoa. The commitment includes two fundamental components: No new deforestation for cocoa…

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Multinational dairy cooperative, Lactalis could have been producing salmonella-tainted baby milk since 2005. Chief Executive, Emmanuel Besnier, was quoted making the statement earlier in the week to French newspaper Les Echos, adding that the crisis was “likely to cost the company hundreds of millions of euros”. The French dairy group recalled 12 million tins of baby milk, which were distributed…

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This week in business Mondelēz reported good results for Q4, Comax announced company plans to expand its team and Campden BRI expanded its microbiology facilities. Kraft Heinz made changes to its Board of Directors and the Chief Financial Officer at PureCircle was shortlisted in the Finance Director of the Year category at The Grant Thornton Quoted Company Awards. In brief:…

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