France: Cristal Union to close two facilities
Cristal Union, the number two sugar firm in France, has announced plans to close two facilities in response to oversupply and falling prices in the sugar market. Usine Nouvelle reports the firm, which markets the Daddy brand, is to shutter its plants in Toury, Eure et Loir and Bourdon in Auvergne, with more than 300 jobs […]
France: Cristal Union acquires Eridania
Cristal Union, the French sugar processor and owner of the Daddy brand, has announced that it has reached a deal to acquire Italian sugar and sweetener firm Eridania through its subsisdiary Cristal Co. Eridania, in which Cristal Union has held a 49% stake since March 2011, is Italy’s leading distributor of sugar and sweeteners. The […]