Leaf Plans Nestle US Bid

Leaf Brands LLC in Newport Beach said it will bid for Switzerland-based Nestle SA’s U.S. candy business. Nestle brands include Butterfinger, Baby Ruth and Crunch bar, and had U.S. sales of about $922 million last year, a 2.9% market share. It has begun shopping the unit to candy companies and private equity firms, the Wall Street Journal and Fortune magazine said.

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J&J Snack Foods Buys La Briola Baking Co.

J&J Snack Foods, Pennsauken, N.J., announced Aug. 16 it has acquired Labriola Baking Co., a premium baker of breads and artisan soft pretzels, located in Alsip, Ill. Labriola began in 1993 as a local delivery bakery in suburban Chicago, and has grown into a provider of superior prebaked breads, rolls and soft pretzels for retail in-store bakery and foodservice outlets nationwide.

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Mars Food Buys Stake in Preferred Brands

Mars Food, a segment of Mars Inc., has signed an agreement to acquire majority stake in Preferred Brands International, a Stamford, Conn., manufacturer and marketer of ready-to-heat Indian and Asian food products sold primarily under the Tasty Bite brand, for an unspecified amount.

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