Candy Industry

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Mondelēz International will acquire Long Island, N.Y.-based Tate’s Bake Shop for $500 million. Known for its signature thin-and-crispy cookies made with simple, high-quality ingredients, Tate’s is a fast-growing premium cookie and baked goods brand.

International Flavors & Fragrances Inc. will acquire Israel-based flavor firm Frutarom for $7.1 billion. The cash and stock transaction — unanimously approved by both companies’ boards of directors — also includes Frutarom’s net debt.

American soldiers used chewing gum to quench thirst and reserve water supplies in World War I, but as its popularity spread through Europe, so did aversion to it. Among its detractors was Soviet revolutionary Leon Trotsky. Contributor Curtis Vreeland tells the story in an excerpt from "Candy Goes to War."

The New England Confectionery Co. — NECCO — is headed to auction after a failed attempt by a Boston investment firm to buy the embattled confectionery company.

Mars, Inc. plans to triple its global cocoa yield through developing more disease-resistant clones and continuing to improve farmer practices based on genetic knowledge of cocoa.

Austria-based PEZ is auctioning a set specialty dispensers for the union of Prince Harry and Meghan Markle with the goal of raising funds for the Make-A-Wish Foundation.

The U.S. Food and Drug Administration and the Federal Trade Commission have set their sights on manufacturers, distributors and retailers selling e-cigarette liquid branded to resemble kid-friendly food products such as juice boxes, candy and cookies.

In February, Associate Editor Alyse Thompson visited Finca El Cacao, a 2,500-hectare cocoa plantation in Nicaragua owned and operated by Alfred Ritter GmbH & Co. KG. The company, eager to open up its supply chain and highlight its progress in the Central American country, brought Alyse and German journalists to the plantation to show them how they do things.