News

PepsiCo Inc. has reported net revenue growth of 8.7% (organic change + 14%) to USD 86. 4 bn in its 2022 full-year results, reflecting pricing actions as the “business remained resilient”. SG

Marco Gadola (59) was recently elected to Bühler Group’s board of directors. SG SP

PMMI, The Association for Packaging and Processing Technologies, announces Patty Andersen from Delkor Systems as the 2023 chairperson of the board, the first time a woman has held the position at the association. SP

Tony’s Open Chain is an initiative by Tony’s Chocolonely that invites chocolate manufacturers to change the sustainability norm in cocoa. Following the agreement signed, Baronie and Cémoi will become a processing partner for Tony’s Open Chain. SG SP

Ferrero Group has acquired the Naples-based company Fresystem that is a market leader in the Italian breakfast frozen bakery sector, known for its ­Cupiello brand, and a supplier to major bar chains in Italy, such as McCafé and Chef Express. SG

The British Serious Sweets Company (SSC) has acquired Mallow & Marsh for an undisclosed sum. Founded in 2013, Mallow & Marsh makes lighter marshmallow products, including bars in a range of flavours. SG

Consumer Reports, an independent, non-profit consumer organisation, recently tested 28 different dark chocolate bars in the US and detected “concerning levels” of cadmium and lead in all of them, two heavy metals linked to a variety of health problems. SG SP

The last three months of 2022 saw declines in the price of some flexible packaging materials, as demand stabilized amid continued uncertainty about the global economic outlook and energy costs. SP

German confectionery suppliers closed out 2022 with a slight increase in revenues of 2.3% up to € 15.392 bn. SG

The Hershey Company has exceeded analysts’ estimates on full-year net sales and profit after a strong ending to the fourth quarter with consolidated net sales of USD 2.,65 bn, an increase of 14.0%. SG

Schubert North America LLC, a leading supplier of top loading packaging machines (TLM), has appointed Dominik Streicher as Chief Operating Officer for its Canadian entity Schubert Packaging Automation Inc. in Mississauga/Ontario. SP

German retail confectionery sales in 2022 came in at around the same value level as the preceding year. SG

Oterra, one of the world’s leading suppliers of natural colours, announces the appointment of Mads Dehlsen Winther as its new group Chief Financial Officer (CFO). SP

The suppliers of the food and beverage industries are strongly committed to environmental themes and the preservation of resources and will demonstrate this at Anuga FoodTec, which will take place in Cologne/Germany from 19 to 22 March 2024. SP

Symrise has reported double-digit organic growth of 11.4 % in a year marked by multiple investments, a business restructuring and sales growth, as the company has reaped the benefits of increased out-of-home consumption. SP