bakenet:eu – News for the baking industry

Deerfield / IL. (mdlz) Mondelez International announced it has made a minority investment in Hu (as in «Human») Master Holdings, the parent company of both Hu Products and Hu Kitchen, a fast-growing US-based snacking company offering minimally processed, high-quality snacks. This is the second...

Hershey Company: restructuring the Executive Team

Friday, 19. April 2019

Persons + Honours

Hershey / PA. (thc) The Hershey Company announced new executive leaders who will report to President and Chief Executive Officer Michele Buck. «These appointments are testament to Hershey’s internal succession planning and its ability to attract deeply experienced talent and expertise...

Lahti xylitol plant: Fazer selects building contractor

Thursday, 18. April 2019

Market + Management

Helsinki / FI. (fg) Finland’s Fazer Group and construction company NCC have signed a contract regarding the construction of a new production facility producing xylitol from oat hulls. The new facility will be constructed next to Fazer Mills in Kasakkamäki, in Lahti, Finland. The value of the contract...

Coty Inc.: JAB Consumer Fund extends offering period

Thursday, 18. April 2019

Global Industry

Luxembourg / LU. (jab) JAB Holding Company,, a global investment firm focused on long-term investing in premium consumer goods and services brands, announced that its affiliate (JAB Consumer Fund) has extended the offering period of its previously announced tender offer for up to 150 million...

Mid Europa Partners: private equity firm acquires Mlinar

Wednesday, 17. April 2019

Market + Management

Frankfurt / DE. (mep) Mid Europa Partners, the leading private equity investor in Central and Eastern Europe (CEE), announced that it has entered into an agreement to acquire a majority stake in Mlinar D.D. from its founder, Mato Škojo, who will retain a stake in the business. The transaction is...

New Approach: Starbucks Invests In Renewable Energy

Wednesday, 17. April 2019

Market + Management

Seattle / WA. (sc) Starbucks Coffee Company, Cypress Creek Renewables and U.S. Bank announced they are teaming up on a portfolio of solar farms across Texas. As a part of the deal, two solar farms developed, built and now operated by Cypress Creek, one of the U.S. nation’s leading solar...

Campbell: sells Bolthouse Farms to Butterfly Equity

Tuesday, 16. April 2019

Global Industry

Camden / NJ. (csc) Campbell Soup Company announced that it has signed a definitive agreement for the sale of Bolthouse Farms to an affiliate of Butterfly Equity, a Los Angeles-based private equity firm specializing in the food sector, for USD 510 million, subject to customary purchase price adjustments.

Edita Food Industries: Reports FY2018 Earnings

Tuesday, 16. April 2019

Global Industry

Cairo / EG. (ef) Edita Food Industries S.A.E., a leader in the Egyptian packaged snack food market, delivers a strong 24.1 percent increase in FY2018 revenues to EGP 3.8 billion as volumes continue to grow along with improved profitability; net profit for the year was up 43.3 percent to EGP...

Albertsons Companies: to Join IBM Food Trust Network

Monday, 15. April 2019

Market + Management

Boise / ID. (abc) Albertsons Companies, one of the largest food and drug retailers in the United States, is joining the blockchain-based IBM Food Trust network and will begin piloting the technology to improve how food is traced from farm to store shelf. The addition of Albertsons Companies to the...

Pretzels Inc.: Appoints Chief Executive Officer

Monday, 15. April 2019

Persons + Honours

Bluffton / IN. (pri) Pretzels Inc., a leading producer of pretzels, filled pretzels and extruded snacks, announced that Greg Pearson has been appointed Chief Executive Officer. Pearson succeeds Chip Mann, who will continue to serve the Company as the Executive Vice President of Sales and as a...

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Mondelēz: Makes Minority Investment in Hu Master Holdings

Hershey Company: restructuring the Executive Team

Lahti xylitol plant: Fazer selects building contractor

Coty Inc.: JAB Consumer Fund extends offering period

Mid Europa Partners: private equity firm acquires Mlinar

New Approach: Starbucks Invests In Renewable Energy

Campbell: sells Bolthouse Farms to Butterfly Equity

Edita Food Industries: Reports FY2018 Earnings

Albertsons Companies: to Join IBM Food Trust Network

Pretzels Inc.: Appoints Chief Executive Officer

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