Wednesday, 20 September 2017

 

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Canadian family office Skidmore Development Group and Canadian private equity firm SouthPac Partners have acquired Cinnaroll Bakeries Ltd, a bakery and maker of gourmet cinnamon rolls. The value of the transaction remains undisclosed.

 

Global brown sugar market was valued at USD18.3bn in 2017 and is likely to rise to USD26.5bn over the 2017-2022 forecast period at a solid CAGR of 7.7%, according to Transparency Market Research. 

 

British bakery Genesis Crafty has doubled its cake business and added 47 new jobs, securing a multi-million-pound expansion of its existing contract with retailer Marks & Spencer.

 

American bakery supplier BakeMark has announced the acquisition of Best Brands from CSM Bakery Solutions, including the brand and product portfolio.

 

Archer Daniels Midland Company (ADM) will join the 10th Protein Summit taking place from September 26-28 in Reims, France.

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