NEWS ROUND UP


Tate & Lyle acquires Sweet Green Fields


Tate & Lyle has announced that it has acquired Sweet Green Fields (SGF) – a leading global stevia solutions business.


This acquisition should bring a broad portfolio of stevia products and a fully integrated stevia supply chain to Tate & Lyle including leaf sourcing, leaf varietal development, established agricultural programmes and cost-efficient manufacturing.


It is expected to strengthen


Tate & Lyle’s position as a leading provider of innovative sweetener solutions with the capabilities to create foods


and beverages that are lower in sugar and calories and with cleaner labels for customers across the world. It will also extend Tate &


Lyle’s presence in the faster- growing Asia Pacific region with dedicated stevia production and research and development facilities located in Anji, China. Nick Hampton, Chief Executive, Tate & Lyle, said: “Sweet Green Fields is an exceptional business with


a leading portfolio of stevia solutions, a strong team of stevia experts and an impressive, fully-integrated supply chain. We are delighted to take our relationship to the next level by bringing Sweet Green Fields into the Tate & Lyle family.


“This acquisition supports our strategy to grow our sweetener solutions portfolio and our purpose of Improving Lives for Generations by helping us to deliver tasty food and beverages with less sugar to consumers worldwide.


Ferrero to build first chocolate plant in North America


Ferrero has announced plans to build a new chocolate manufacturing centre in Bloomington, Illinois – its first chocolate production plant in North America.


The new centre will be an expansion of Ferrero’s Bloomington facility and will allow the company to produce chocolate for Crunch,100Grand, SnoCaps, Raisinets, Goobers, Ferrero Rocher and other Ferrero products made in North America. The $75 million expansion will add 70,000 square feet to Ferrero’s current 2501 Beich Road footprint. Construction is expected to start by spring 2021 and the new facility should create around 50 local jobs. Giovanni Ferrero, Executive Chairman of the Ferrero Group, said: “As a family company, we are proud to have a long track record of investments in local manufacturing infrastructure over the last 70 years. We are therefore delighted to announce that construction will begin


KennedysConfection.com


on Ferrero’s first chocolate manufacturing center in North America – a key strategic market for us. This investment represents an important milestone as we continue to expand our offering of high-quality products for consumers across North America.”


“This investment represents an important milestone as we continue to expand our offering of high-quality products for consumers across North America”


Kennedy’s Confection December 2020 05


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