Bochum / DE. (gea) GEA Group Aktiengesellschaft has further strengthened its Refrigeration Division through the acquisition of Eurotek Engineering Ltd., a leading engineering company in the food freezing equipment business headquartered in Norwich (UK).
Kansas City / MO. (ibc) A bankruptcy judge approved Interstate Bakeries Corporation´s new financing agreement with GE Capital Corporation, moving the baker closer to emerging from Chapter 11 bankruptcy. The order allows IBC to enter into a 105 million USD revolving credit facility with GE Capital.
Kolkata / IN. (bi) Britannia Industries Limited, one of India´s leading food companies, reported a net profit of 46,1 INR crore for the third quarter ended December 2008, compared to 45,3 INR crore in the corresponding previous quarter.
Seattle / WA. (sc) Coffee giant Starbucks Corporation said in its report of the company´s fiscal fist quarter 2009 that it will eliminate about 6’700 jobs because of the difficult economy. Starbucks said its profit dropped 69 percent to 64,3 million USD.
Newcastle upon Tyne / UK. (fm) Greggs PLC, the United Kingdom´s leading retailer specialising in sandwiches, savouries and other bakery-related products, has completed work on a twelve to 13 million GBP production facility as part of a wider regeneration scheme on a brownfield site in Manchester.
Hershey / PA. (thc) The Hershey Company announced sales and earnings for the Q4 and FY 2008. Consolidated net sales were 1,377 billion USD compared with 1,342 billion USD for Q4/2007. Net income for Q4/2008 was 0,36 USD per share-diluted, compared with 0,24 USD for the comparable period of 2007.
Uzwil / CH. (bg) The Buhler Technology Group continued its growth in fiscal 2008. Order bookings rose by three percent, while sales revenue grew by some seven percent. The operating profit increased at an above-proportional rate.
Cologne. (ism) In the beginning of February, the 39th International Sweets and Biscuits Fair (ISM) will feature two special exhibitions that will provide new momentum for the worldwide trade with confectionery and snack items.
Kansas City / MO. (ibc) Interstate Bakeries Corporation (IBC) announced that it has reached an agreement in principle with GE Capital Corporation on key terms for a revised asset-based revolving credit financing facility – IBC said in a statement.
Oak Brook / IL. (mdc) McDonald´s Corporation announced strong operating results for 2008, driven by global comparable sales growth. «Through our strategic focus on menu choice, food quality and value, the average number of customers served per day increased to more than 58 million, CEO Jim Skinner said.