Nestle, Mondelez International and Hershey were this week among the companies to pledge to tackle the deforestation seen in the cocoa supply chain. It was a busy week on our M&A pages, including a notable deal in chocolate, with Ferrero buying US chocolate maker Fannie May Confections Brands, meat giant JBS snapping up bacon maker Plumrose USA and Conagra Brands acquiring US snacks firm Thanasi Foods. Click on the headlines for the full stories.
Nestle, Mondelez, Hershey pledge to tackle deforestation in cocoa
Twelve chocolate and cocoa companies, including Nestle, Mondelez International, Hershey today (16 March) announced plans to work together to “end deforestation and forest degradation in the global cocoa supply chain”, focusing initially on Côte d’Ivoire and Ghana.
Ferrero acquires US chocolate group Fannie May
Ferrero has bought US chocolate maker Fannie May Confections Brands in a deal the Italian chocolate group said would increase its product line-up in the market.
Unilever calls for changes to UK takeover rules
Unilever, which last month rebuffed a proposed takeover offer from Kraft Heinz, wants UK takeover regulations to provide “a level playing field” for what it calls “national champions”.
France chooses voluntary nutrition label Nutri-score
France has chosen nutritional labels based on five colours following three-month trials in supermarkets of four different systems, the country’s Ministry of Health has announced.
Conagra Brands to buy US snack group Thanasi Foods
Conagra Brands has entered into a deal to buy US business Thanasi Foods, which produces meat- and seed-based snacks under the Duke’s and Bigs brands.
JBS to buy Plumrose USA from Danish Crown
JBS, the Brazil-based meat giant, has moved to expand its business in the US through the acquisition of bacon and deli meats business Plumrose USA from Danish Crown, the Denmark-based meat cooperative.
Pladis outlines plans to ramp up sales of chocolate, biscuits
UK-based snacks group Pladis has announced plans to double its chocolate sales and increase its biscuit sales by 50% as the company targets revenues of GBP3.2bn (US$3.9bn) over the next two years.