May 2014 BUSINESS NEWS MANUFACTURING CONFECTIONER —Global Source for Chocolate, Confectionery and Biscuit Information Chocolat Frey acquires SweetWorks Chocolat Frey has acquired a ma- of M-Industry, which belongs to jority of the stock of SweetWorks, Migros. The company was founded Inc., retroactively as of January 1, in 1887. 2014. SweetWorks operates a pro- SweetWorks was founded in duction plant in Buffalo, New York, 1956 by John and Angela Terra- and also owns a subsidiary, Oak Leaf nova as Niagara Candy in Buffalo, Confections Co., in Toronto, On- New York. In 1992, Philip Terra- tario, Canada. SweetWorks will con- nova succeeded his father and con- tinue to operate as an independent tinuously expanded the chocolate group of companies and their pro- business. In 1998, he founded Oak duction facilities and staff will re- Leaf Confections. In 2002, the main in place. Current owner and companies were combined under CEO Philip Terranova will continue SweetWorks. SweetWorks offers a as president of SweetWorks. variety of chocolate and chewing All of the North American mar- gum products under the following ket activities of Chocolat Frey and brand names: Sixlets, Celebration SweetWorks will be combined un- by SweetWorks, Oak Leaf, Ovation der a single management. With the and Niagara Chocolates. In addi- acquisition, Chocolat Frey is tion, SweetWorks co-manufactures strengthening its market presence products for confectionery compa- in the United States and Canada. nies in North America. Chocolat Frey AG is a company Companies in the News Abraaj . 6 Mars to buy some of Procter & Gamble’s pet food business Ahold . 10 Chocolat Frey . 5 Mars, Incorporated, has agreed to buy brands will join Mars Petcare’s Pedi- The Hershey Company . 10 the Iams, Eukanuba and Natura gree, Whiskas, Banfield and Royal Kool Food . 6 brands from the Procter & Gamble Canin. Mars Chocolate . 11 company for US$2.9 billion. The geographic regions included Mars, Inc. 5, 11 The companies expect to com- in the acquisition, which account M-Industry . 5 Mondelēz International . 6, 8 plete the transaction in the second for approximately 80 percent of Nat’l Assoc. of Convenience Stores . 6 half of 2014, subject to regulatory P&G Pet Care’s global sales, include Procter & Gamble . 5 approvals. North America, Latin America and SweetWorks . 5 Mars Petcare employs more than other selected countries. The agree- National Confectioners Association . 11 PMCA . 8 35,000 associates across 50 coun- ment includes an option for Mars Retail Confectioners International . 8 tries. Upon completion of the trans- to acquire the business in several ad- University of Wisconsin –Madison . 8 action, Iams, Eukanuba and Natura ditional countries. The Manufacturing Confectioner • May 2014 5.