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Cadbury puts up popcorn business for sale
Leading confectioner and drinks company Cadbury
Schweppes is planning to sell its UK-based popcorn and
toffee divisions as it hopes to bring some changes to its
extensive global portfolio.The multi-national firm, famous for
Dairy Milk and Dr Pepper's, will off-load the sugar
confectionery and popcorn business Monkhill, which has
four manufacturing plants and one distribution centre in the
UK. The sale that would indicate a shift in the firm's global focus from fizzy drinks and sideline
confectionery products to key brands and gum manufacturing is expected to finalise by the
end of this year. The firm now intends to go head to head against Wrigley for a bigger share of
the thriving chewing gum market. Interestingly, the proposed sale follows on from the recent
divesture of Cadbury's South African beverage unit Bromor to Botswana-based Tiger Foods for
$191 million ( 157 million). It may also be noted that earlier this year, the EU cleared the $2.1
billion takeover of Cadbury Schweppes' European drinks business by a private equity group,
which included rights to key brands such as Orangina and Oasis.
Tetra Pak to roll out Tetra
Wedge™Aseptic Clear in select
markets
Tetra Pak, one of the world's leading
suppliers of food and beverage processing
and packaging systems, has announced
plans to introduce its Tetra Wedge™ Aseptic Clear, the world's first high barrier,
clear aseptic stand-up pouch to select
markets from 2006. It is also aiming at full
global commercial availability by the end
of 2007.
The Tetra Wedge Aseptic Clear is
made with a unique packaging material
structure with different layers of plastics
and using PET/SiOx as a barrier to oxygen.
It is manufactured on a modified TBA/19
and comes with a Tetra Unit Conveyor 54,
an ACHX 10 (Helix Accumulator) a Tetra
Cardboard Packer 78 (1X10) and a Tetra
Tray Shrink 51 with stacker and grouping
belt. Aimed at the fast-growing market for
kids' on-the-go drinks, the product
provides benefits such as 100 per cent
transparency, a patented barrier technology
to protect the product and aseptic
processing, which seals in taste and
nutrition. In addition to its distinctive look
and feel, the product offers customers low
investment costs compared to traditional
plastic packages or stand-up pouches. The
Tetra Wedge Aseptic Clear can be used as
a packaging option for juices and nectars,
flavoured waters, sports beverages and
liquid electrolytes.
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