Business
The Cheesecake Factory Buys North Italia and Fox Restaurant Concepts
The Cheesecake Factory Incorporated has completed the acquisitions of North Italia and Fox Restaurant Concepts (“FRC”), including Flower Child, transaction of USD308m in consideration at closing. It included USD12m earmarked for customary…
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New Sugar Policy Act Proposal to Support US Manufacturers
A newly-introduced Fair Sugar Policy Act of 2019 would provide relief for consumers and businesses by reforming the U.S. sugar program. The Fair Sugar Policy Act of 2019 would: lift restrictions on the domestic production and sale of…
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Bridor Invests USD150m in Two Plants
Bridor, the leading European-style bakery on the North American continent, announces an investment of CAD200m (USD150m) over a period of five years in its North American production plants. In all, CAD170m has been earmarked for its…
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Americans Continue to Consume High Intake of Low-quality Carbs
The macronutrient composition of diets among US adults has improved, but continued high intake of low-quality carbohydrates and saturated fat remain, a new study has shown. During 1999–2016, the average proportion of daily calorie intake…
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pladis Appoints New Managing Director for UK & Ireland
Biscuit and snacks manufacturer pladis has appointed David Murray as managing director for the UK & Ireland. Murray will report to chief executive officer, Salman Amin, effective October 1. His accountabilities will include leading the…
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Papa John’s International Expands to Portugal
Papa John's International continues to expand its global presence, opening a new restaurant in Portugal, located in Lisbon, in the Amoreiras zone. Papa John’s new restaurant in Portugal is being opened by Drake Food Service International,…
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Cargill Invests in Innovative Low-Sugar Chocolate
Cargill has invested USD5m in its site in Mouscron, Belgium, to enhance its capabilities for producing low-sugar chocolate. The investment allows for the introduction of a range of bespoke and innovative sugar-reduced chocolate recipes to…
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Dawn Foods Completes Sale of Puerto Rico Distribution Center to Able Sales Company
Dawn Foods has announced the sale of its Puerto Rico distribution operation to Puerto Rico-based Able Sales Company, a leading supplier of sweeteners and ingredients to the food and pharmaceutical industries in the country.
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Fairfield Gourmet Food Corporation Acquires Foxtail Foods
Fairfield Gourmet Food Corporation, the parent company of David’s Cookies, announces the acquisition of Foxtail Foods, a manufacturer of desserts. The addition of Foxtail Foods product line selections to David’s Cookies existing portfolio…
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The Original Cakerie Announces Major Ontario Plant Expansion
The Original Cakerie, a leading manufacturer of high-quality frozen desserts for retail and foodservice customers across Canada and the U.S., has announced a major expansion of its London, Ontario plant, slated to begin construction later…
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Pierre Hermé Appointed President of the Coupe du Monde de la Pâtisserie
The Coupe du Monde de la Pâtisserie Club has appointed Pierre Hermé as the new president of the renowned contest. Pierre Hermé started out in the trade by working with Gaston Lenôtre before imposing his unique vision and its creations...
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Roquette Appoints New Vice President of Its Pea and New Proteins Business Line
Roquette has announced the appointment of Jean-Philippe Azoulay as vice president of the group’s pea and new proteins business line, a key sector at the heart of Roquette’s global growth strategy. He succeeds Pascal Leroy, who has moved…
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Dawn Foods Opens Boston-Based Digital Innovation Hub
Global bakery manufacturer and ingredients supplier Dawn Foods announced the opening of its first-ever Digital Innovation Hub, located in Boston, Massachusetts. Under the leadership of Dawn's chief digital officer, Bob Howland, the…
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Brenntag and Corbion Sign Agreement for Innovative Collaboration in EMEA
Brenntag and Corbion, global market leaders in ingredient solutions, signed an agreement that involves an innovative way of working together in the EMEA region. For many years, Brenntag has already been successfully distributing Corbion’s…
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Swander Pace Capital Acquires Café Valley
Swander Pace Capital, a leading private equity firm specializing in investments in consumer products companies, has announced that it has acquired Café Valley, a leading manufacturer of croissants, cakes, muffins, and other sweet baked…
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Bunge Buys Minority Stake in Brazilian Farm Supplier
Commodities trader and food processor Bunge Ltd has announced it has bought a 30% stake in the Brazilian company Agrofel Grãos e Insumos, which sells agricultural supplies in the southern state of Rio Grande do Sul, Reuters writes.
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IBIE and IBA Jointly Support Global Industry Growth
The American International Baking Industry Exposition (IBIE) announced an exclusive global marketing partnership with iba, the leading trade fair for bakery, confectionery and snacks organized in Germany. With IBIE and iba occurring on…
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AAK Has Acquired Soya International Ltd
AAK is set to become one of the world’s leading suppliers of speciality lecithin after acquiring a majority stake in UK-based Soya International. The business will trade under a new name – AAK Soya International Ltd. AAK Soya International…
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