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Mondelēz International announced it has entered into definitive agreements to sell its developed-market gum business in the United States, Canada and Europe to Perfetti Van Melle Group, a leading European gum and confectionery maker for a headline purchase price of $1.350 billion or 15 times equivalent to estimated current year EBITDA.

Founded in 1960, the brand is mainly distributed in the US natural and specialty channels and is committed to providing people with good food made with nature-inspired recipes.

BELIEVER is making an initial planned investment of $123.35 million in Wilson County, located approximately 40 miles east of Raleigh, N.C., and includes plans to create over 100 new jobs over the next three years. 

McCormick For Chefs® announced the 23rd Edition of the Flavor Forecast, the brand’s annual report on the latest culinary trends shaping the way millions of consumers, chefs, and food professionals prepare and enjoy food worldwide. Along with the trends report, the McCormick global culinary team also announced its inaugural Flavor of the Year: Vietnamese x Cajun Style Seasoning.

AIDP, Inc. is pleased to announce the clinical study publication “A Magtein®, Magnesium L-Threonate, Based Formula Improves Brain Cognitive Functions in Healthy Chinese Adults”, in Nutrients on Dec. 8, 2022.

Farrell brings more than a decade of food industry experience to CBCI from top tier CPG companies, including PepsiCo and Unilever. Most recently, she was the R&D manager for a prominent Chicago bread and bakery company.

The new facility is expected to add significant scale, efficiencies, and non-GMO capability to the company’s existing US-based conventional SPC and TSPC operation in Bellevue, Ohio. 

Firmenich, a privately-owned fragrance and taste company, announced its 2023 Flavor of the Year, dragon fruit, celebrating consumers' desire for exciting new ingredients and bold, adventurous flavor creation.

Univar Solutions will distribute Kalsec’s natural taste and sensory, colors, and food protection ingredient solutions for savory applications in the United Kingdom and Ireland.