SnackIndustry

Frito-Lay Faces Hefty $36 Million Antitrust Penalty in Turkey

4 months ago

The Turkish Competition Authority has imposed a substantial fine of 1 billion lira (approximately $36 million) on Frito-Lay, the renowned snack food division of PepsiCo, for engaging in practices deemed anti-competitive. This penalty comes as part of a broader review by the authority, which is actively scrutinizing market behavior across various sectors to ensure fair competition.

Mondelez's Proposed Acquisition of Hershey Could Redefine the Confectionery Landscape in 2024

6 months ago

In a surprising move in the confectionery market, Mondelez International has set its sights on acquiring Hershey, a deal that analysts predict will be the largest merger within the sector for 2024. This ambitious takeover is poised to reshape the candy, chocolate, and snack industry while bolstering Mondelez's portfolio with Hershey's iconic brand offerings.

Snack Giant Hearthside Set to Enter Bankruptcy: A Look into the Troubles Behind the Crunch

7 months ago

Hearthside Food Solutions, a prominent player in the snack manufacturing industry, is reportedly gearing up to file for bankruptcy protection as it grapples with mounting financial difficulties. The company, known for producing private-label snacks for major retailers, has faced significant challenges in recent months, leading to this drastic decision.

Snack Giant Hearthside Faces Potential Creditor Takeover Amid Bankruptcy Proceedings

7 months ago

In a significant turn of events for the food industry, Hearthside Food Solutions, a prominent snack manufacturer, is reportedly considering a potential takeover by its creditors as it navigates a complex bankruptcy process. This development comes as the company seeks to restructure its debts following financial challenges that have plagued its operations.

J.M. Smucker to Offload Voortman Cookies to CapVest in Strategic Move

8 months ago

In a significant development for the food industry, J.M. Smucker Co. has announced its plans to divest the popular Voortman Cookies brand, selling it to the private equity firm CapVest Partners. This transaction marks a pivotal shift for Smucker, which has been realigning its focus towards its core brands, and it reflects ongoing trends in the snack food sector.