Business
Hearthside Foods Acquires Seelyville Production Facility
Hearthside Food Solutions announced the purchase of a baking facility in Seelyville, Indiana, previously owned by Kellogg Company. The recently idled bakery facility will allow for future expansion of Hearthside’s network.
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Puratos and Bakkersonline Join Forces
Puratos has announced it makes steps in the digital transformation of the company by combining strengths with Bakkersonline, a Belgian start-up. This will allow its artisan customers to easily create a personalized web shop and benefit from…
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Mondelēz International Unveils New Global Technical Center in India
Mondelēz International has inaugurated its newest global technical center in India located in Thane, Maharashtra, an investment of USD15m. The new center will support new products and technologies for the company’s global brands in…
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Reading Bakery Systems Names New Sales Manager for Latin America
Reading Bakery Systems (RBS) has announced the appointment of Luis Montoya as sales manager for the Latin American Region, effective immediately. Reporting to vice president of sales, Shawn Moye, Montoya will be responsible for direct sales…
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ULMA Packaging Appoints New Financial Controller
ULMA Packaging UK has recruited Sarah Mahamat as financial controller, taking over the key position at the company’s Sheffield headquarters from James Couldwell, who has been appointed business manager for the south of England.
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Bakers Back up Decision to Fortify Flour with Folic Acid
The British government has recently announced that all flour will be fortified with folic acid after ministers swung behind a plan that medical experts say will reduce the number of babies born in the UK with serious birth defects. Bakers…
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Givaudan Opens New Commercial and Development Center in Indonesia
Givaudan has officially opened a new commercial and development center in Jakarta, Indonesia. The new center was designed to deliver solutions in a superior level of creative flavor, taste and fragrance and meant a CHF2.9m...
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Grupo Bimbo Records Growth in Sales
Mexican breadmaker Grupo Bimbo has announced that its third-quarter sales jumped nearly 11% on the back of strong performance in Mexico and North America, recent acquisitions and foreign exchange fluctuations. Bimbo said in a filing that…
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FoodDrinkEurope Calls Attention to the Cause of Littering
FoodDrinkEurope says that preventing litter should be the cornerstone of a European policy approach to waste management; the organization reacted after the European Parliament adopted a report on the reduction of the impact of certain…
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Aryzta Row with Top Investor Deepens over EUR800m Capital Hike
Aryzta’s row with its largest shareholder, Cobas Asset Management, deepened as the investor said the Swiss-Irish baking company was painting “an unduly grim picture” of its financial situation to ram through a disputed capital hike.
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Conagra Brands Acquires Pinnacle Foods
Conagra Brands and Pinnacle Foods Inc. announced that at the special meeting of Pinnacle Foods shareholders held on Oct. 23, 2018, the acquisition of Pinnacle Foods by Conagra Brands was approved by vote, following the terms and…
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Zeelandia Group Acquires 100% Stake in Indonesia
Royal Zeelandia Group has acquired a 100% stake in their Indonesian business, after more than 40 years of operation in a joint venture with PT Prambanan Kencana. “This acquisition is a new chapter in the success story of Zeelandia in…
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Grupo Bimbo, Nestle join initiative to tackle food waste in Latin America
The #SinDesperdicio (#NoWaste) platform is an initiative aimed at tackling food loss and waste in Latin America and the Caribbean. #SinDesperdicio brings together members from the public and private sectors, who will pursue supporting…
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Top Nestlé Executive Changeover
Wan Ling Martello, CEO of Zone Asia, Oceania and Sub-Saharan Africa (AOA) and a member of the Nestlé Group Executive Board, has announced her decision to leave Nestlé, effective December 31. Wan Ling Martello joined the Nestlé in 2011 as...
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Aryzta Dismisses Shareholder’s Plan for Smaller Capital Increase
Swiss-Irish baker Aryzta stood by its plan to raise EUR800m (USD926m) in new equity to meet its liquidity and financing needs. The company, which produces buns for McDonald’s, criticized a proposal by its biggest shareholder, Cobas...
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Empire Bakery Commissary LLC to Invest USD10.4m for Facility Expansion
Empire Bakery Commissary LLC plans to invest USD10.4m to expand a facility and create 75 new jobs in the Town of Rocky Mount in Franklin County just south of Roanoke, Virginia, the USA. The company is a commercial producer of ready-made…
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Pecan Deluxe Announces Factory Expansion
Pecan Deluxe Candy (Europe) Ltd will launch upgraded and extended manufacturing facilities at its Yorkshire headquarters, in the UK, on November 29, 2018. The manufacturer has implemented a GBP3m makeover during the last 12 months,…
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Glanbia Expands Its Performance Nutrition segment
Glanbia plc, the global nutrition group, has signed an agreement to buy SlimFast brand for USD350m. SlimFast is a leading weight management and health and wellness brand family distributed primarily in the food, drug, mass, and club (FDMC)…
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