While looking at the calendar this morning, I got quite the shock. How is it already Aug. 30? This summer flew by. It seems like May’s Sweets & Snacks Expo and June’s National Candy Month were only yesterday.
The Wisconsin Economic Development Corp. (WEDC) announced last week that it had reached an incentive agreement with Haribo of America, the U.S. subsidiary of the German-based gummy manufacturer, tied to the construction of a 500,000-sq.-ft. plant in Pleasant Prairie, Wis.
Pop a few champagne gummy bears — Sugarfina has a reason to celebrate. Private equity firm Great Hill Partners has invested $35 million in the Los Angeles-based confectionery brand, bringing Sugarfina’s total funding to more than $50 million.
Katjes International GmbH, the international subsidiary of Katjes Group, has acquired Cloetta Italia for $53 million, pushing the German gummy manufacturer to No. 2 in the Italian confectionery market.