Business
Pan Pepin Invests USD40m in Bayamón Facilities
Puerto Rican company Pan Pepín Inc. inaugurated its new facilities in Bayamón, where it invested USD40m to double current production. The expansion includes the construction of “a new and modern bread making plant and the installation of…
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Canadian Bakery Invests in Increasing Capacity and Installs Automation
Canadian bakery Signature Passion, which has recently rebranded to The Mad Bakers, has also announced the completion of a capital investment projects to increase capacity and install advanced automation of over USD2.5m.
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AAK to Establish an MTN Program
AAK AB has the intention to establish an Medium Term Note (MTN) program with a framework amount of SEK4bn (EUR387m), which will allow the company to issue bonds on the Swedish market and provides a complement to the Group’s existing funding…
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Lancaster Colony Acquires Assets of Omni Baking Company LLC
Lancaster Colony Corporation has announced that its wholly-owned subsidiary, T. Marzetti Company, has acquired all the assets of Omni Baking Company LLC ("Omni Baking") for a purchase price of USD25m. The acquisition was funded internally…
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Swander Pace Capital Acquires Bäckerhaus Veit
Swander Pace Capital, a leading private equity firm specializing in investments in consumer products companies, has acquired Bäckerhaus Veit, Ltd., a leading producer of artisan, European-style breads, rolls, buns and soft pretzel products…
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Koelnmesse Parts Ways With COO Katharina C. Hamma
In light of differing views on the future strategic direction of the company, the Supervisory Board of Koelnmesse decided on 16 November 2018, to terminate the working relationship with Chief Operating Officer Katharina C. Hamma with…
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Reading Bakery Systems Names Andrew Rosenthal as Project Manager
Reading Bakery Systems (RBS) has hired Andrew Rosenthal as a project manager. In his new role, Rosenthal will manage delivery of projects, control project scopes, budgets and schedules.
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Kellogg’s Plans to Sell Cookie, Pie Crusts and Ice Cream Cones Businesses
Kellogg Company has shared an update on the actions and investments behind its Deploy for Growth strategy and has announced that it will focus its portfolio and resources further by exploring the potential sale of brands and...
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Puratos Announces New Leadership Team for North American Markets
Puratos announced two new appointments for its North American management team, which will support the global strategic objectives of the company. Puratos has been growing significantly over several years, both expanding geographically and…
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Ellison Bakery Announces New CEO
Ellison Bakery, a portfolio company of Blackford Capital and a manufacturer of cookie and snack products for the industrial market, food service, and retail private label space, announces Stephanie Chattillion as the new CEO. Chattillion…
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Aunt Millie to Close Bakery in Michigan
Aunt Millie's bakery in Coldwater, Michigan, the USA, will be closed by mid-January, as part of a consolidation of bakeries, the company announced. Aunt Millie's will continue to operate five other bakeries in the Midwest and they will also…
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Lantmännen Unibake Expands in Australia
Lantmännen Unibake has signed an agreement to acquire the Australian pastry manufacturer Bakery du Jour, a step to expand Lantmännen Unibake’s global footprint. Family-owned Bakery du Jour was founded more than 20 years ago and is a leading…
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Flowers Foods to Acquire Canyon Bakehouse
Flowers Foods has announced a definitive agreement to acquire Canyon Bakehouse LLC, a privately held, gluten-free baking company based in Johnstown, Colorado, for approximately USD205m (including a performance-based contingent payment,...
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Economic Partnership Agreement between EU and Japan Moves Forward
The European Parliament’s Trade Committee gave its recommendation to approve the EU’s landmark trade agreement with Japan. The Economic Partnership Agreement between the EU and Japan will eventually remove almost all...
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Palsgaard’s Dutch Factory Becomes Completely Carbon-Neutral
Emulsifier specialist Palsgaard has activated 840 solar panels at its Dutch factory, making it now completely carbon-neutral. The company works to eliminate its carbon footprint at all global production sites by 2020.
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Eurogerm Expands Operations in the Middle East
Eurogerm just announced the opening of its 12th international subsidiary. The new company, created in October 2018 and based in Kfarhbab, Lebanon, will accelerate the group's growth in the Middle East and the development of local…
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Roquette and Azelis Partner for Distribution in Europe
Ingredient specialist Roquette and Azelis, a global distributor of specialty chemicals and food ingredients, have announced that they have signed an agreement for distribution in food and nutrition markets. Effective November 1, this new…
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PepsiCo Acquires Health Warrior
PepsiCo has announced it has acquired Health Warrior, Inc., a U.S.-based nutrition-forward company that makes plant-based products including nutrition bars and on-trend offerings. The transaction will further expand the company's nutrition…
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