News for the baking industry
Mexico City / MX. (gb) Mexico’s Grupo Bimbo S.A.B. de C.V. reported its financial results for the three and twelve months ended December 31st, 2020. Highlights of the Quarter Grupo Bimbo posted record Net Sales for a fourth quarter and full year Adjusted Ebitda reached record levels for…
San Pedro Garza García / MX. (gr) According to Mexico’s Gruma S.A.B. de C.V. the fourth quarter 2020 underscored a growing trend in the company’s end customer behavior, characterized by increasing familiarity with the tortilla product among Non-Hispanics and its recognition as…
Kansas City / MO. (twnk) Hostess Brands Inc., one of the largest manufacturers and marketers of sweet baked goods in the United States including «Twinkies», «Ding Dongs», «Ho Hos», «Donettes» and a variety of new and classic treats, reported its financial results for the fourth quarter and year…
Maastricht / NL. (mosa) Mosa Meat, the European food technology company that introduced the world’s first cultivated beef hamburger in 2013, announced the third and last closing of its Series B funding. This third closing of USD 10 million brings the total raised in the round to USD 85 million…
Mumbai / IN. (eca) Everstone Capital announced that its bread and bakery platform Everfoods Asia, has sold Modern Food Enterprises Private Limited to Grupo Bimbo S.A.B. DE C.V. and its Indian subsidiary Ready Roti India Private Limited. Grupo Bimbo is the largest baking company in the…
Quebec City / CA. (hbi) A group of investors led by Champlain Financial Corporation announces the creation of Humanity Bakeries Inc., a Quebec-based investment platform centered on the Quebec specialized bakery and pastry industry. By the same token, Champlain announces the…
Berlin / DE. (iuf) Infarm – Indoor Urban Farming GmbH, the world’s fastest-growing urban farming company already available in 10 countries and 30 cities in thousands of stores, continued the rollout of its vision for a global interconnected, sustainable and highly efficient farming eco…
Detroit / MG. (lcp) Little Ceasars Enterprises Inc., the global family-owned pizza chain, announced that Paula Vissing has been named Chief Operating Officer. Vissing has been with Little Caesars since 2011 and most recently served as the Senior Vice President of International. In the newly created…
Minneapolis / MN. (cg) Brian Sikes has been named chief operating officer (COO) of Cargill Company. In this role, he will also serve as a management director on the Cargill Board of Directors. Sikes joined Cargill’s executive team in 2019, leading the company’s global protein and salt enterprise…
Vevey / CH. (nsa) Swiss Nestle S.A. announced its financial results for the full year 2020. Highlights: Organic growth reached 3.6 percent, with real internal growth (RIG) of 3.2 percent and pricing of 0.4 percent. Growth was supported by strong momentum in the Americas, Purina PetCare…
