Swiss consumer goods company The Hero Group has sold its U.S. decoration business Signature Brands to investors Traub Capital, Hero said on Monday without giving financial terms.
Signature Brands products include Betty Crocker and Cake Mate desert decorations and Paas Easter egg dyes, its website shows.
The divestment comes as Hero focuses on core categories of baby and toddler food, healthy snacks, natural spreads, and gluten-free products. It keeps a U.S. presence with its Beech-Nut Nutrition unit, which makes baby and toddler food.
Rothschild & Co, PJ SOLOMON, and law firm Ropes & Gray LLP advised Hero. Law firm Lowenstein Sandler LLP and financial adviser B. Riley FBR worked for Taub, Hero said in a statement.
By Michael Shields
Source: Reuters
Andrew Archambault, US president at The Hershey Co., is leaving the chocolate and snack maker next month after just over a year at the company. Plans call for Archambault to depart on May 1, Hershey said April 14 in an 8-K filing with the Securities and Exchange Commission. The company said in the filing that it has launched a search for his replacement.
Barry Callebaut resets its strategy with a “Focus for Growth” plan, as it looks to stabilize operations after a volatile period in the cocoa market. H1 2025/26 shows lower sales volumes, but improved cash flow, gross profit, and reduced net debt. Cocoa price swings, overcapacity, and supply disruptions continue to pressure profitability despite regional growth pockets.
North Africa’s F&B market is evolving with a focus on healthier and affordable products, driving innovations in sugar reduction and functional beverages. Döhler, IFF, Ingredion, and Lallemand showcased solutions tailored to local demands, at Djazagro 2026 this week. The region faces challenges like food security, affordability pressures, and logistical issues, driving the need for local adaptation.
