Food & Hospitality

From concept to creation, FIC ‘one-stop shop’

Have you ever spotted Soupman products in your local grocery store? What about the plant-based Impossible Burger on the menu at any of 5,000 eateries from Michelin star restaurants to White Castle? Without the Rutgers Food Innovation Center, it’s likely neither would have been brought to market.

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Paul Chibe, CEO of Parsippany-based Ferrero North America,

Premium play Ferrero NA CEO Chibe aims to bolster company’s US presence

Ferrero North America has made some big moves in the last two years. It acquired Nestle’s U.S. candy business for a reported $2.8 billion in January, making it the third-largest chocolate company in the country. They nabbed Illinois-based Ferrera Candy Co. a few months before that and Midwestern mainstay Fannie May Chocolates the previous spring. Now, they’re rumored to be on the verge of buying Campbell Soup Co.’s international business and snack segments — though Paul Chibe, CEO of Ferrero North America, would not comment on the speculation.

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