New York / NY. (mcp) Monomoy Capital Partners L.P., a New York private equity fund that makes controlling investments in middle market companies, announced that it has acquired the assets and operations of Atkins Elegant Desserts Inc. in partnership with Hilco Equity Management LLC. Atkins will work closely with Awrey Bakeries LLC, a Livonia, Michigan based bakery.
Thomasville / GA. (ff) The board of directors of Flowers Foods Inc. announced a quarterly dividend of 0,175 USD per share, or 0,70 USD per share on an annualized basis. This represents an increase of 17 percent over the dividend paid previously. It is payable in early July to shareholders.
Vienna / AT. (riag) Growth of more the 35 percent in 2008 strengthens the plans for organic expansion on the Russian market: this year, 20 new locations will be added to the existing stores – expansion focuses on central Russia – a staff of 2’800 is currently employed at 58 Russian stores.
Brussels / BE. (eu) The European Commission has cleared under the EU Merger Regulation the proposed acquisition of chocolate manufacturer Schokinag of Germany by the US agricultural commodity undertaking ADM.
Copenhagen / DK. (das) The latest Danisco A/S notice covers three separate events: Changes to the Board of Directors; a trading statement and information regarding increased financial disclosure.
Charlotte / NC. (lec) Lance Inc. announced a new cracker line and increased candy bar production at its west Georgia plant through a 10,5 million USD expansion expected by late fall. The snack maker, which employs about 525 workers, will add approximately 70 jobs.
Barnaul / RU. (pava) Bakers from the Orenburg region experiment with «Zhitnitsa» flour from PAVA and note its cost-effective advantage and natural improvement of bread health value. Acting on the crest of the market tendencies, OJSC Pava released the new flour product which is a combination of health properties and flexible baking parameters.
Carpinteria / CA. (cke) CKE Restaurants Inc. announced period four and first fiscal quarter company-operated same-store sales for the four and sixteen-week periods ended May 18 for Carl´s Jr. and Hardee´s.
Reykjavik / IS. (bkg) Icelandic Bakkavör Group, the United Kingdom´s largest producer of fresh prepared food and ready meals, published its Financial Statement Release for the results in the first quarter 2009. Sales grew nine percent despite tough climate. EBITDA expected to grow around 15 percent on 2008 to 125 million GBP.
Leeds / UK. (nf) Northern Foods PLC has delivered a resilient performance in 2008/2009, in challenging economic conditions. According to a press release the company has successfully adapted the business to the current retail environment, responding quickly to the recession with new value products and discount ranges alongside our core market and premium heartland.