Business
Patisserie Holdings Sells Baker & Spice for GBP2.5m
British Bakery chain Patisserie Holdings has announced it had sold Baker & Spice to the Department of Coffee & Social Affairs for a total sum of GBP2.5m. The deal followed the announcement of the Patisserie Valerie and Philpotts…
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Cargill Invests EUR20m in Netherlands Instant Starch Facility
Cargill is investing EUR20m in its starch production plant in Sas Van Gent, The Netherlands, to expand the instant starch capacity. The investment will support the increased consumer demand for convenience food.
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Starbucks Reserve Bakery Café Is Ready to Conquer Chinese Consumers
Starbucks has recently unveiled its first Starbucks Reserve Bakery Café, featuring fresh Italian Princi food, in China. This brand new in-store experience is dedicated to the premium Starbucks Reserve coffees served alongside artisanal…
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Givaudan Announces Partnership to Drive Innovation in the Food Sector
Givaudan has announced its partnership with leading food technology incubator, The Kitchen, owned by Strauss Group, an Israeli FoodTech focused incubator. The partnership with The Kitchen will enable Givaudan to expand its innovation...
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Flowers Foods Financial Results Affected by Inflation and Commodities Prices
Flowers Foods recorded a net income decreased from USD57.7million to USD20.8m for the fourth quarter of 2018, despite the sales increased for the same period. Compared to the prior year, the sales increased in the fourth quarter by 0.8% to…
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Bimbo Bakeries Closing Its Bakery at West Hazleton
Bimbo Bakeries USA has announced that it will cease production at its bakery in West Hazleton, Luzerne County, Pennsylvania, in September 2019. The company will shift production to other Bimbo Bakeries USA facilities in the Northeast…
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Kroger Shutters Columbus Bakery
Cincinnati-based grocery giant Kroger has announced that its longtime bakery facility in Columbus will be closed, effective immediately. 411 workers will be made redundant. In a statement, Kroger blamed the immediate closure on "the…
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Bühler Group Records Strong Growth
The Bühler Group has recently announced its financial results for 2018. The company saw organic growth across all businesses with increases in market share and order intake. Turnover increased by 22% to CHF3.3bn. “We are satisfied with the…
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Burton Biscuit Acquires Thomas Fudge
Burton’s Biscuit Co. has completed the acquisition of premium sweet and savory biscuit manufacturer, Thomas Fudge’s from Livingbridge, the UK. The acquisition is another important milestone in Burton’s strategy, with the objective of…
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Unilever Acquires Healthy Snacking Brand graze
Unilever has announced it acquired the company graze, a UK’s healthy snacking brand. Founded in 2008, graze provides a range of snacking nuts, seeds, trail mixes and snack bars, with no artificial ingredients. Having started with a snack…
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Baker Perkins Appoints New Chief Engineer for Biscuit Machinery
David Welch has returned to Baker Perkins as chief engineer for the company’s range of machinery and systems producing biscuits, cookies and crackers, the firm announces.
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Givaudan Opens New Manufacturing Facility in Pune, India
Givaudan has officially inaugurated a new flavors manufacturing facility in Pune, India. The CHF60m (EUR52m) plants is the company's largest investment in India. Designed to deliver a superior level of flavor and taste solutions, the new…
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AMF Bakery Systems Strengthens Customer Service and Sales Support in Americas
AMF Bakery Systems has announced two big leadership changes for sales and service support throughout North, Central and South America. Blake Millard, director of Sales for AMF, will lead a growing sales team strategically focused on five…
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Papa John’s Announces Strategic Investment after Disappointing Financial Results
Papa John’s International, Inc. has announced that it has entered into a securities purchase agreement with Starboard Value LP, pursuant to which Starboard is making a USD200m strategic investment in the company with the option to make an…
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Bakery Equipment Suppliers Merge to Create AMF Tromp and AMF Den Boer
AMF Bakery Systems has announced its plan to integrate Tromp Group, parent brand for Tromp Sheeting and Depositing Systems and Den Boer Baking Systems, under the AMF brand, in order to better serve commercial and retail bakers around the…
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Real Good Food Sells Chantilly Patisserie
Real Good Food has completed the sale of Chantilly Patisserie to its management team. The group will receive a total of GBP0.2 million in consideration, to be paid in cash, with GBP0.1m paid on completion and a further GBP0.05m on each of…
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Cavac Talks New Acquisition
Earlier this month, French agricultural cooperative Cavac Group announced it has acquired La-Rochelle-based producer of frozen food and desserts, Atlantique Alimentaire. Founded in 1997, Atlantique Alimentaire was previously owned by CookUp…
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General Mills Sells Argentinian Brand
Argentinian company Molinos Rio de la Plata has acquired La Salteña from General Mills for an undisclosed sum. Founded in 1962, the company makes a traditional Argentine dough used in pastry products such as meat pies and the local delicacy…
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