News for the baking industry
Brussels / BE. (eu) The Commission has adopted the main work programme of Horizon Europe for the period 2021-2022, which outlines the objectives and specific topic areas that will receive a total of EUR 14.7 billion in funding. These investments will help accelerate the green and…
Stockholm / SE. (lg) Robots that fertilize, sow or harvest, that can minimize the use of crop protection, herd animals and that can work efficiently around the clock are part of the future of agriculture. Around the world, self-propelled machines are developing rapidly and will…
Bielefeld / DE. (oe) Germany’s Oetker-Group closed the 2020 financial year on an overall decent note and in line with its expectations adjusted by the Corona pandemic, despite in some cases significant declines in sales in individual business units. The «Food», «Beer and Non-Alcoholic
Amsterdam / NL. (jde) JDE Peet’s (JDE), the world’s largest pure-play coffee and tea group by revenue, and Australia’s Campos Coffee announced that JDE Peet’s will acquire Campos Coffee. Subject to limited pre-closing conditions, the transaction is expected to be completed during July 2021.
Oslo / NO. (ok) Orkla Health has completed its purchase of 100 percent of the shares in NutraQ 2 AS, a leading supplier of subscription-based health and wellness products in the Nordic region. The acquisition has now been approved by all relevant competition authorities. With its subscription…
Hannover / DE. (oe) During the 2020 financial year Germany’s Martin Braun-Group, a subsidiary of Oetker-Group, was unable to continue the growth process that had taken place over many years and had to report a significant decline in sales of 13.1 percent. In addition, local business…
Helsinki / FI. (val) Food company Valio Group Limited and energy company St1 Nordic Oy are establishing a joint venture to produce renewable biogas from dairy farm manure and other agricultural by-products mainly as fuel for heavy-duty transport. The company to be established…
Seattle / WA. (sc) Starbucks Corporation announced several leadership appointments to advance the company’s strategic business goals and position Starbucks on a clear growth path for the future. The company announced the promotions of John Culver as group president…
Amsterdam / NL. (je / tkwy) Just Eat Takeaway.com N.V. and Grubhub Inc. are pleased to announce the completion of the Company’s acquisition of 100 percent of the shares of Grubhub in an all-share combination. The Transaction represents Just Eat Takeaway.com’s entry into online food…
Kesko / FI. (kkc) Finland’s Kesko Corporation raises its profit guidance for 2021. The company now estimates that its comparable operating profit in 2021 will be in the range of EUR 650-750 million. Before, the company estimated that the comparable operating profit would be in the…
