Hershey Chief Financial Officer Patricia Little will retire next spring, and the company has launched a search for her replacement. The new hire will face a changing market, including consumer preferences for healthier snacking, plus rising costs due to shipping and wages, analysts at Wells Fargo and Berenberg, Gossler & Co. said.
Hormel Foods will sell its pork-processing plant in Fremont, Neb., to WholeStone Farms, a new company representing about 220 hog farmers and pork producers, for an undisclosed amount. The move signals Hormel's departure from the hog-slaughtering business after more than 100 years.
Chicago-based functional water brand Napa Hills says it plans to take its line of vineyard waters nationwide by 2019. Brand co-founder Ellona Jarvis says she developed the antioxidant-rich, nonalcoholic beverage four years ago when she was seeking an alternative to wine that possessed a similar health profile.
Sparkling Ice has chosen Epsilon as its new agency of record following a formal review. The brand, which is owned by Talking Rain Beverage Co., says it wants to encourage future growth by focusing its campaign on flavor, individuality and authenticity.
Divine Chocolate has announced the release of its first organic chocolate bars. Five varieties of the organic bars will be available when they launch next month, including Blueberry & Popped Quinoa and Turmeric with Ginger.
Nestle UK and Ireland debuted a salted caramel fudge flavor as part of its KitKat Chunky lineup. The new bar follows on the success of the company's KitKat Chunky New York Cheesecake and KitKat Chunky Cookie Dough flavors, which were released over the past two years.
The candy-making technique known as amezaiku is regaining popularity in Tokyo due to confectioners such as Shinri Tezuka. Amezaiku requires confectioners to sculpt molten sugar syrup by hand, which allows them to create intricate designs often modeled after animals.
The dairy industry must act with integrity to continue building trust with consumers, said National Milk Producers Federation President and CEO Jim Mulhern. Dairy firms will also need to stay involved in efforts to prevent plant-based products from labeling themselves using dairy terms, Mulhern said.
Arla Foods Ingredients' Nutrilac CH-7694 whey protein ingredient allows dairies to cut cream cheese manufacturing times to only 30 minutes, according to the company. The ingredient "is a great way for cream cheese-makers to cut costs and increase profits," said Aparecido Silveira, global marketing manager for dairy at Arla Foods Ingredients.
Unilever-owned ice cream brand Ben & Jerry's has tapped Matthew McCarthy as its new CEO, along with plans to create new vegan and low-calorie frozen desserts while continuing the company's tradition of social activism. McCarthy replaces Jostein Solheim, who will move up to oversee Unilever's North American food businesses.
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