INDUSTRY NEWS

Kraft acquires European confectionery business
Kraft Foods reached an agreement to acquire the Central and Eastern European confectionery business of the German-based Stollwerck A.G.

The acquisition enhances Kraft Foods’ confectionery presence in the region and significantly expands Kraft’s overall business in Russia. The company will acquire Stollwerck’s Russian, Polish, and Hungarian businesses with brands including Alpen Gold, Pokrov, Tibi, and Americana. Stollwerck’s manufacturing facilities a…