Food Business News - May 15, 2018 - 9
systems with particular strength outside
of North America; and establish the definitive global coffee alliance in a rapidly
changing, competitive landscape."
Mr. Johnson's reference to a changing competitive landscape acknowledges the strength JAB Holding Co.,
Luxembourg City, Luxembourg, has
established in the global coffee market
during the past few years. The company
"I think it brings two leading
companies and three iconic brand
names (Starbucks, Nescafe and Nespresso) together," he said. "And we're
excited about the opportunity that that
Mr. Johnson of Starbucks said the
agreement will not affect his company's
business with Keurig Green Mountain,
where Starbucks branded pods are one of
NESTLE AND STARBUCKS
Addition of the Starbucks brand is forecast to grow Nestle's annual coffee sales 15% to $17 billion.
owns such coffee businesses as Jacobs
Douwe Egberts, Keurig Green Mountain,
Peet's Coffee & Tea and Caribou Coffee.
The company most recently entered into
an agreement to acquire the Dr Pepper
Snapple Group, Plano, Texas.
Despite the competition, Mr.
Schneider said the transaction should
not be viewed as defensive.
the leading brands sold on the system.
" ... Regarding K-Cup, certainly,
we've got a great relationship with
Keurig, and we've got a great business
on K-Cup," he said. "We're the No. 1 share
player of coffee on the Keurig system,
and we intend to keep that. And we have
an agreement in place that allows us to
continue to do that." FBN
Private equity firm acquires range of
popular chocolate, candy brands
DALLAS - Private investment firm Highlander Partners, L.P. has acquired the
intellectual property, trademarks and associated licensing
agreements and royalties of a
range of chocolate and sugar
confectionery brands from Espoo, Finland-based Huhtamäki
Oyj. Financial terms of the
transaction were not disclosed.
Brands acquired in the
transaction include Jolly
THE HERSHEY CO.
Rancher, Payday, Whoppers,
Heath, Milk Duds, Sixlets, Good & Plenty, Zero, Chuckles and Good & Fruity.
Highlander said the acquired brands
will be held in a newly-created entity
that is fully-owned by Highlander and its
affiliates, but the brands will continue to
May 15, 2018
be licensed to The Hershey Co.
A year ago, Highlander formed
Bettera Brands, L.L.C., a holding
company headquartered in San
Francisco. In connection with
Bettera's formation, Highlander acquired Gimbal Brothers,
L.L.C., a manufacturer of gummy vitamins and gourmet jelly
beans with distribution across
In addition to the acquisition of Gimbal's, Highlander
folded its Hillside Candy company into
the Bettera business. Hillside makes a
variety of organic, sugar-free and traditional confection products under the
GoOrganic, GoLightly, Hillside Sweets
and Pick Your Color brands. FBN
Food Business News