News for the baking industry
Minneapolis / MN. (cg) Cargill Inc. announces that it will reopen its malting facility in Sheboygan, Wisconsin. Start-up will begin with December. In response to growing demand in the specialty malt brewing segment, the facility will focus on producing limited quantities of specialty malt products.
Dublin / OH. (wi) Wendy´s International Inc. announces preliminary average same-store sales for the third quarter of 2007, which ended September 30. Average same-store sales at U.S. company restaurants increased 0,2 percent for the quarter, compared to 4,1 percent during the same quarter a year ago.
Thomasville / GA. (ff) At an event hosted for financial analysts, executives of Flowers Foods Inc. outlined the company´s growth strategies and reiterated previous guidance for fiscal 2007 of 2,02 billion USD to 2,04 billion USD in sales, an increase of seven to eight percent over 2006; net income from continuing operations of 84,8 million USD to 93,8 million USD; and earnings per share from continuing operations of 0,92 USD to 1,02 USD, an increase of 13,6 to 25,9 percent over 2006 results.
Kansas City / MO. (ibc) Interstate Bakeries Corporation (IBC) announces that it received Bankruptcy Court approval to extend the exclusive period to November 08 to file a plan of reorganization and to January 07 to solicit acceptances and to exit the bread market in Southern California by October 20.
St. Louis / MO. (pbc) Sandwich and bakery chain Panera Bread Co. says its third-quarter revenue climbed 35 percent compared with a year ago, and narrowed its third-quarter earnings outlook.
Kuala Lumpur / MY. (tl) After introducing gourmet croissants to Malaysia in 2006, a national politician icon is now cooking up an invasion of Southeast Asia of the baking kind. Former prime minister Mohamad Mahathir (82) plans to turn his Japanese-style bakery business into a chain with outlets throughout the region.
Bolton / UK. (wbl) Warburtons Limited, the United Kingdom´s largest independent baking business and the leading supplier of wrapped bread in Scotland, is expanding its operation North of the Border with the creation of a new distribution depot at Eurocentral Business Park, near Glasgow.
London / UK. (ffg) British Finsbury Food Group PLC, a leading manufacturer of cakes in the United Kingdom, is pleased to announce the acquisition of Anthony Alan Foods Limited, one of the leading suppliers of low fat cakes in the UK.
Kansas City / MO. (ibc) Interstate Bakeries Corporation (IBC) says that it has not been able to reach a mutually acceptable agreement with the International Brotherhood of Teamsters (IBT) on modifications to its collective bargaining agreements necessary to allow a more capable and cost-effective path-to-market, specific health and welfare concessions, and increased work rule flexibility.
Washington / DC. (ibt) The Teamsters Union is pleased that Interstate Bakeries Corporation (IBC) was able to reach a tentative agreement with the Bakery Workers (BCTGM), the union says in a press release.
