INDUSTRY ROUNDUP
Supplier Tidbits
led to a 13.5 percent increase across the confection category over 2021’s campaign. U.S. Tobacco Cooperative Inc. (USTC) exited bankruptcy on July 14. Federal bankruptcy court approved USTC’s Chapter 11 Plan of Reorganization on June 23, along with settlement terms with the Lewis Class.
Now in its 40th year, PepsiCo currently dedicates more than $1 billion annually to the program.
PepsiCo is upping its commitment to its Supplier Diversity Program. The company will expand its base and increase overall spend through new forums, mentorship, partnerships, and resources.
Activist investor Elliott Investment Management is building a stake in Swedish Match AB. The move comes as Swedish Match and Philip Morris International discuss a possible merger.
Mondelez International is acquiring Clif Bar & Co. as part of its portfolio reshaping strategy. The estimated $2.9 billion deal, which includes brands like CLIF, LUNA and CLIF Kid, will expand Mondelez’s global snack bar business to more than $1 billion. S. Abraham & Sons Inc. (SAS) concluded its second successful year of celebrating National Candy Month in June. SAS launched an internal sales contest, which
Chester’s Chicken returned to the Fort Worth, Texas, market with a new location inside the Fuel City store in Haltom City. The store began welcoming guests on June 30.
C-STORES, GAS STATIONS, TRAVEL CENTERS Products WALL MOUNT WIPES DISPENSER TRUCKERS WINDSHIELD VALET CONTOUR ALL-IN-ONE WASTE/WINDSHIELD U-LINK MERCHANDISER
816-813-3337
www.forteproducts.com
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