Subscribe
86°
Chocolate Giant To Buy Kellogg's Cereal Company For $3.1B: Here's Why
A European chocolate giant is purchasing the cereal company behind Froot Loops, Frosted Flakes, and Rice Krispies.
Ferrero Group has agreed to buy WK Kellogg Co for $3.1 billion, the candy company announced in a news release on Thursday, July 10. The Italian chocolatier is the owner of widely popular brands like Butterfinger, Famous Amos cookies, Ferrero Rocher, Jelly Belly, Kinder, Nutella, and Tic Tac.
In the agreement, Ferrero will pay $23 per share in cash, a 40% premium on WK Kellogg's recent stock price. Once the deal closes, Battle Creek, Michigan will serve as Ferrero's North Americ…
M&M's, Skittles Reportedly Resisting Push To End Artificial Food Dye Use: Here's Why
One of the nation's largest candy makers is pushing back on a years-long effort to remove artificial food dyes from its products, according to reports.
Mars, the McLean, Virginia-based company behind popular candies like M&M's, is resisting the federal government's effort to remove synthetic food colorings, The New York Times reported on Monday, July 7. This comes as more than a dozen food giants like Kraft Heinz, General Mills, PepsiCo, ConAgra, and Nestlé have agreed to eliminate the artificial dyes from their US products by the end of 2027.
Federal agencies have tried for y…
Gerber Recalls, Discontinues Teething Sticks Sold In MA After Child Sent To ER
Gerber is recalling and discontinuing all batches of its teething stick due to a potential choking hazard for babies and young children, authorities said.
Gerber and the Food and Drug Administration announced the recall for Soothe N Chew Teething Sticks in news releases on Friday, Jan. 31. The recall follows consumer complaints, including one involving a child brought to an emergency room.
The affected products were distributed nationwide and in stores across several states, including Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, and Virginia. The …
