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September 2, 2016updated 10 Apr 2021 5:24pm

Food market news of the week – Mondelez ends interest in Hershey, Lactalis’ deal with farmers, Campbell CEO “displeased”

The biggest story of the week came at the start, with Mondelez International giving up on its interest in Hershey. Staying in the US, Campbell Soup Co. reported on another challenging quarter for the business, while snacks group Snyder's-Lance bought full control of UK popcorn firm Metcalfe's Skinny. In Europe, Arla Foods announced an ambitious target for sales from milk-based drinks, while Lactalis struck a deal with farmers on the price it pays for milk after a series of protests.

By Beth Wright

The biggest story of the week came at the start, with Mondelez International giving up on its interest in Hershey. Staying in the US, Campbell Soup Co. reported on another challenging quarter for the business, while snacks group Snyder’s-Lance bought full control of UK popcorn firm Metcalfe’s Skinny. In Europe, Arla Foods announced an ambitious target for sales from milk-based drinks, while Lactalis struck a deal with farmers on the price it pays for milk after a series of protests.

Mondelez abandons Hershey pursuit

Mondelez International has ended discussions with Hershey over a potential acquisition, the Cadbury owner has announced.

Lactalis strikes agreement with farmers over milk prices

Lactalis and unions representing French dairy farmers have reached an agreement on milk prices following the resumption of talks earlier today (30 August).

Campbell Soup Co. CEO Denise Morrison unhappy with Q4 results

Campbell Soup Co. president and CEO Denise Morrison today (1 September) admitted she was “not pleased” with the US group’s fourth-quarter results, which included declines in underlying sales and earnings.

Propercorn secures backing from Innocent founders

UK popcorn maker Propercorn has secured investment from JamJar Investments, the vehicle of the founders of smoothie maker Innocent Drinks, and Piper Private Equity.

Snyder’s-Lance buys full control of Metcalfe’s Skinny

Snyder’s-Lance, the US snack maker, today (1 September) it has acquired full ownership of privately-controlled UK popcorn firm Metcalfe’s Skinny.

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Arla Foods sets target to triple milk-drinks sales

Arla Foods, the European dairy co-operative, has set its sights on tripling sales from drinks that sit outside what the company called “standard white milk”.

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