For years, it’s been difficult for lawmakers to learn about confectioners’ economic success. That’s because candy lobbyists are too busy telling Congress that sugar policy has caused them financial harm.
Now Capitol Hill has a place to go for Big Candy’s Big News. The American Sugar Alliance released a new website this week that will keep track of the financial news and stories of expansions and job growth coming out of the candy business.
Here’s a sampling of the good news you’ll see there.
The long-standing chocolate company [Bissinger’s] is in the midst of spending $15 million renovating a 223,000-sq.-ft. building that will serve as its new headquarters in downtown St. Louis employing 100 people.
Lindt & Spruengli reported 24% net profit in 2013 and predicts 2014 growth to be in the 6% to 8% range. … The 8.6% sales gain in 2013 was driven largely by double-digit growth in North America.
The Economic Times, 3-11-14
Construction of a new candy factory near Mebane [N.C.] will begin in a few weeks, Orange County’s economic development officer says.
Chapel Hill News, 3-11-14
A spokesman for Albanese Confectionery revealed plans Wednesday to double, maybe even triple, the number of production lines at the candy maker’s facility. … the business is looking to expand its building [in Indiana] by 122,000 to 190,000 square feet.
The confectionery industry has seen 10 straight years of growth despite troubled economic times.
The Gourmet Retailer, 3-4-14
Snack maker Leclerc Foods USA has snapped up a building in Arizona and plans to invest $50m to expand its operations.
Food Production Daily, 2-17-14
Be sure to check back often. The good news seems to be rolling in as fast as we can post it.