Mondelez to make $65M investment in a global R&D, quality network.
September 23, 2016
Barry Callebaut will acquire the Halle, Belgium, chocolate production facility belonging to Mondelez to expand its production capabilities. The two companies will enter into a long-term agreement for the supply of an additional 30,000 tonnes of liquid chocolate per year.
In the 11th edition of “Chocolate Candy Market in the U.S.,” Packaged Facts, a division of MarketResearch.com, reports that premium chocolate makes up just 18 percent of total chocolate dollar sales and 14 percent of unit sales, but it still leads the way in developing flavor trends and new product formulations, particularly in the use of clean-label ingredients.
The employees, represented by the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union Local 6 (BCTWGM), have been working under contract terms that expired in June. Wages, health insurance and pensions are among employees’ concerns.
The announcement, made Wednesday at Barclays Global Consumer Staples Conference, comes a week after the Illinois-based snack and confectionery giant halted discussions with The Hershey Co. about acquiring the company.