NEWS ROUND UP
Guittard installs solar panels at its Fairfield facility
San Francisco-based chocolate company has added solar panels to its Fairfield, CA facility, as part of its commitment to reduce its environmental impact through renewable energy, water conservation, and waste reduction practices.
As part of its Cultivate Better™ platform, Guittard partnered with Commercial Energy and Centrica Business Solutions to design and install the solar project on its 300,000 square- foot Fairfield facility, which was built to expand the company’s capacity beyond its Burlingame headquarters. Guittard’s new rooftop solar system includes 2,992 solar panels and is expected to generate 1.7 Million kWh of power per year, offsetting 50% of the facility’s demand.
This will significantly reduce the company’s environmental footprint – the solar energy captured is estimated to save 1,217 metric tons of CO2 emissions per year, equivalent to removing 263 cars from the road. The facility, which is used for warehousing, high-speed packaging, and proprietary chocolate production, supports Guittard’s growth and innovation for its national and international wholesale/manufacturing, professional/foodservice, and consumer/retail customers.
Mondelēz acquires well-being snacking company
MONDELĒZ INTERNATIONAL has acquired Hu (as in “Human”) Master Holdings, the parent company of Hu Products – a US-based snacking company offering snacks made from simple ingredients.
Following a competitive bid for Hu, Mondelēz International successfully acquired 100% ownership of the brand. The acquisition closed on January 4, 2021. Financial terms of the deal were not disclosed. Hu, which comes from the
phrase “Get Back to Human”, is a lifestyle brand which was founded 2012 as a family business.
It began as Hu Kitchen in
New York City, a high-end restaurant and market focused on delicious foods with simple, real ingredients. The company went on to expand its award-winning vegan
and paleo-friendly chocolate bars, which follow a strict set of Ultrasimple™ ingredient guardrails and sourcing practices. Hu’s chocolate was inspired by the paleo movement and developed by the founding family. Glen Walter, EVP & President, Mondelēz
International North America, said: “Hu is a strong strategic complement to our snacking portfolio in North America. This well-being brand platform provides further growth opportunities in chocolate, cross-category potential in crackers, as well as meaningful opportunities to expand distribution including in eCommerce and premium conventional retail. “We’ve been very impressed with the Hu management team as a minority investor and look forward to working with Jordan
04 Kennedy’s Confection January 2021
Brown and Mark Ramadan and the rest of the Hu team to provide support and resources for the brand’s next chapter of growth.”
Hu will operate as
part of the North American Ventures business model and remain focused on its core mission of delivering ultra- high-quality chocolate and snacks with strict ingredient and sourcing guardrails. Mondelēz International will operate Hu as a separate business to “nurture its entrepreneurial spirit” and “maintain the authenticity of the brand and culture”, while providing resources to help accelerate Hu’s growth. Hu will continue to produce all products at current manufacturing facilities.
KennedysConfection.com
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