13 October 2023
13 October 2023
French dairy group has clearance to finalise the acquisition of Dairy Partners Americas, a Fonterra-Nestlé venture.
The sandwich and pie maker turns over around €50m ($52.6m).
The new 47,000 sq-ft facility will produce more than 50 tonnes of fresh pasta each week.
US grocery shoppers, diners see inflation extend easing trend.
Workers have accepted an offer of a 13.2% wage increase for 2023.
Timo Huttunen, director of oilseed products, said the business is aiming to increase branded retail sales.
The retail behemoth also owns a milk plant in Indiana, opened in 2018.
The confectioner's president has been promoted to chief executive following the Apax deal.
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The global healthy snacks market will be valued at $74.6 billion in 2023 and is expected to grow at a CAGR of 6% by 2030, per GlobalData. Increasing awareness of health and wellness among consumers is the major contributor to the growing demand while a rise in vegan and plant-based diets and rising disposable income, and middle-class expansion are also expected to drive market growth. However, this growth is affected by the challenges posed by high cost of ingredients.
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