Business
It Is Official: Campbell Sells Arnott’s to KKR for USD2.2bn
Campbell Soup Co. confirmed that it has signed a deal to sell its Australian snacks unit Arnott's and some of its international operations to KKR for USD2.2bn as the U.S. company works on reducing debt. Campbell and KKR will enter into a…
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Ardent Mills Talks Sustainable Flour and Packaging
Ardent Mills has recycled 400 tons of waste and saved 6,766 trees the start of its sustainability initiatives. The company has released its annual Sustainability Report for the fiscal year 2019. This fiscal year, Ardent Mills launched a…
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Martin’s Potato Rolls Now Available in Canadian Retail
Martin’s Famous Potato Rolls and Bread has expanded their retail footprint into Canada, after the company began foodservice distribution in this country in August 2017. Martin’s started servicing international foodservice customers in 2011.…
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Mondelēz International Expects 3% Growth for 2019
After a strong first-half performance, Mondelēz International now expects organic net revenue growth of +3% for 2019. For the second quarter of the year, net revenues declined 0.8%, driven by the impact of currency. Organic net revenue…
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Flowers Food Bakeries Achieve Energy Star Certification
Thirteen Flowers Foods bakeries have earned the U.S. Environmental Protection Agency’s (EPA’s) ENERGY STAR certification, with more than half scoring in the top 10% of similar US facilities for energy efficiency and meeting strict…
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Annual Women Worth Watching Awards Rewards Decision Makers from ADM and Barilla
Profiles in Diversity Journal announces 166 winners of the 18th Annual Women Worth Watching® Awards. These leaders join more than 2,000 past Award recipients. Among the winners, women within the food industry include Manda Tweten, VP...
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Sweet Bakery Brand Rich Products Builds New Factory in the UK
The construction consultancy Rekan has completed the build of a new factory and head office facility near Andover, Hampshire, for the global sweet bakery manufacturer Rich Products. The 8-acre development allows one of the largest…
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British Bakery Chain Greggs to Open 100 New Branches
Bakery chain Greggs is set to open 100 new locations this year after seeing success from its new ranges - including the vegan sausage roll. New shop pipeline remains strong, with the chain expecting around 100 net openings in 2019...
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Financial Support Scheme for Scottish Bakers
Scottish Government and Scottish Bakers have announced a new scheme to provide grant funding to help bakers across Scotland to buy or modernize their equipment. The GBP125k Scottish Bakers Grant Scheme is now available to small...
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New Leadership for MULTIVAC Group
MULTIVAC Group will be under new leadership, starting with January 2020. Christian Traumann and Guido Spix will take up dual leadership of the Group, the company announced. Traumann will be in charge with sales and finance, while Spix will…
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Kellogg’s Closes Sale of Keebler Cookies to Ferrero
Kellogg Company has announced that it has closed the sale of Keebler cookies and other selected businesses to the Ferrero Group and its related companies. "This sale strengthens our ability to focus on the areas of our business with the…
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Autogrill Enters Exclusive Deal with Panera Bread
Italian caterer Autogrill has signed an exclusive multi-year agreement with bakery chain Panera Bread to develop outlets in U.S. airports and motorways. Under the agreement, the two partners will launch a series of new outlets, the first…
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KKR to Buy Arnott’s Biscuits from Campbell Soup for USD2.2bn
Global buyout firm KKR & Co is set to add Australia's biggest biscuits company to its portfolio, after the American food giant Campbell Soup Co has finally agreed to sell Arnott’s for USD2.2bn. The two parties are preparing to sign a…
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Roskam Baking Company to Expand
Roskam Baking Company will be expanding its operations at 5565 Broadmoor Ave SE in Kentwood, Michigan. This expansion will result in the creation of 238 new jobs and a capital investment of USD85.2m, according to the announcement made...
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Barry Callebaut Announces New Chocolate Factory in India
Barry Callebaut has announced the groundbreaking for the construction of its new chocolate and compound manufacturing facility in Baramati, India – about 250 km south-east of Mumbai. Upon completion, the new chocolate factory and warehouse…
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Reading Bakery Systems Selects New Sales Manager for China
American equipment producer Reading Bakery Systems (RBS) announced that Meng Yeong Chong has joined the company as sales manager for China. Meng will report to David Kuipers, senior vice president of sales and marketing for RBS. Before…
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New International Sales Manager for Baker Perkins’ Biscuit Business
British equipment supplier Baker Perkins has appointed Gerard Nelson as international sales manager for biscuit business. Nelson is returning to Baker Perkins after eight years working for other companies in the industry. His recruitment as…
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Former Panera Executive Named CEO of Superfood Holdings
Ex-executive of Panera, Clay Sanger, has been named chief executive officer at SuperFood Holdings. The announcement comes three weeks after Beaming Wellness and Project Juice, now operating under the umbrella of SuperFood Holdings,…
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