Ferrero will operate Ferrara as a separate unit and will maintain Ferrara’s headquarters as well as its existing manufacturing, distribution and engineering/R&D facilities.

The purchase price represents a premium of approximately 27% to Snyder’s-Lance’s closing stock price on Dec. 13, 2017, the last trading day prior to media reports regarding a potential transaction. The acquisition, which has been approved by the Boards of Directors of both companies, will enable Campbell to expand its portfolio of leading snacking brands.

Utz intends to cause Purchaser to be merged with and into Inventure Foods as promptly as practicable, with Inventure Foods continuing as the surviving corporation.

The company expects to finance the transaction through a combination of cash-on-hand and drawings under the existing credit facility.

Erickson will be replacing Allan Schuman, who is completing his term as chairman and will continue to serve as a member of Schwan’s board of directors. Schuman was the third chairman in Schwan’s 65-year history and the first who was not a member of the Schwan family. He has served on the company’s board of directors since 2001.

Kirkwood is a valuable addition to the company’s advisory team. He will support the commercialization of Noblegen’s nutritious ingredients, as well as new product innovation.

Pacific Foods is a producer of organic broth and soup and also produces shelf-stable plant-based beverages and other meals and sides. Organic food is an $11 billion category in the US, which grew at a compound annual growth rate of 15.7% over the past four years. Pacific Foods offerings will join Campbell's portfolio of organic foods, which is in the top 10 in the industry.

Ingredion Incorporated, a global provider of ingredient solutions to diversified industries, announced that its board of directors has unanimously approved changes to the company's executive leadership team to fill vacancies created by the promotion of Jim Zallie to president and CEO on January 1, 2018. Zallie is currently executive vice president, global specialties and president, Americas.

A marketplace for innovation, a source of inspiration and a trend barometer. The world's most important trade show for food and beverage ingredients, Fi Europe & Ni 2017 welcomed more visitors than ever before.

Frutarom acquired the technology and expanded its activity in the market after four years of experience developing applications in a wide range of food and beverage products.