Market + Management

Burlington / VT. (bei) Bruegger´s Enterprises Inc., 428-unit restaurant operator and an affiliate of Sun Capital Partners Inc., recognized sales of 58,7 million USD; a 2,5 percent increase over Q2/2009.

Downers Grove / IL. (slc) Sara Lee Corporation announced commencement of a cash tender offer for any and all of its 6,25 percent Notes due 2011, of which 1,11 billion USD aggregate principal amount is outstanding. The offer is being made pursuant to an Offer to Purchase.

Toronto / CA. (gwl) George Weston Limited announced that its subsidiary, Maplehurst Bakeries LLC in Brownsburg (IN), has agreed to purchase the Keystone Bakery business, a U.S. manufacturer and supplier of frozen cupcakes, donuts and cookies for 185 million USD.

Hong Kong / HK. (cai) The Board of China Agri-Industries Holdings Limited is pleased to present the un-audited interim results of the Company and its subsidiaries for the first half 2010 together with the comparative figures for the corresponding period 2009.

Irving / TX. (bw) Hostess Brands Inc. said that it will be closing its single line bakery in Decatur (IL) due to current market conditions and necessary operations efficiencies. The bakery, which makes Butternut and Wonder varieties, will cease production in October.

Macquarie Park / AU. (gfl) Goodman Fielder Limited delivered a robust result in difficult conditions for the year ended 30 June 2010 with Net Profit after Tax of 161,1 million Australian Dollar (AUD), after non-recurring costs of 22,4 million AUD ...

Buenos Aires / AR. (gm) General Mills Inc. is selling its chain of Delicity bakeries in Argentina in order to focus on growing its core brands and foodservice businesses. The sale transfers the ownership of Delicity to Argentinian Tentissimo Group.

Warsaw / PL. (lg) At the end of June, Kraft Foods Inc. announced it had signed an agreement to sell Cadbury´s E. Wedel-branded chocolate and sugar confectionery operations in Poland to the South-Korean / Japanese Lotte Group (see bakenet:eu on 2010-06-29).

Thomasville / GA. (ff) Flowers Foods Inc. reported results for its 12-week second quarter and 28-week first half ended July 17, 2010. The company also updated its sales guidance for the year. Summarizing second quarter results, Flowers Foods:

Espoo / FI. (vv) «Vaasan Group reacted quickly to the global recession and had a turnover of 399 million EUR. The Group employed approximately 3'000 people», says Kalle Tanhuanpää, CEO of the Finnish bakery group, in a short statement on vaasan.com.