News for the baking industry
Regina / CA. (vi) Positive contributions from all business segments during the second quarter resulted in Viterra Inc. generating net income in line with last year´s results. Consolidated net earnings of 26,3 million CAD, which included an 8,0 million CAD loss primarily related to the disposal of assets for the quarter, compared to prior year net earnings of 33,6 million CAD.
Whitefish Bay / WI. (bs) «At Breadsmith we give you more than just great bread, we give you an experience. All of our breads are made in the time honored tradition of master bakers», the US-American bakery says. Each loaf of bread is hand made from scratch everyday.
Gent / BE. (vnv) Vandemoortele N.V., Belgium´s largest privately-held food company, and Dean Foods Company announced an agreement for Dean Foods to acquire Vandemoortele´s Alpro Division. The transaction´s price is 325 million EUR. It is expected to be completed in the third quarter.
Downers Grove / IL. (slc) Sara Lee Corporation announced the promotion of Brett Hart to executive vice president and general counsel for Sara Lee. He will have responsibility for all of the company´s worldwide legal activities.
London / UK. (mi) Once the poor relation of the more glamorous chilled dessert, latest research from Mintel finds frozen desserts are witnessing something of a revival. After years of stagnant growth, sales of frozen desserts increased a mouth watering four percent in 2008.
Chicago / IL. (mi) Just in time for summer, Mintel consumer research releases new findings about three of the hottest food and drink markets in the United States: ice cream, coffeehouses and alcoholic beverages:
Dallas / TX. (bi) Brinker International Inc. mourns the loss of our company namesake, Norman Brinker. Norman´s legacy to the foodservice industry will live on through the brands he helped grow and expand across the globe, the company said. Norman Brinker died last week at the age of 78.
Minneapolis / MN. (div) As the company´s executive vice president of Finance and CFO James P. Dollive will join The Schwan Food Company. Dollive joins Schwan after 29 years with Kraft Foods, where he most recently served as the executive vice president and CFO from 2000 through 2007.
Beijing / CN. (xh) China has reaped 80 percent of its wheat harvest and is expected to reap 122,5 million tonnes of summer grain this year, said the Ministry of Agriculture (MOA) to Xinhua news agency. This will be the sixth year in a row for China to achieve grain output growth.
Mexico City / MX. (div) Grupo Bimbo S.A.B. de C.V., the world´s No. 3 breadmaker, placed ten billion MXN in notes on the local debt market to refinance loans used to acquire Weston Foods Inc. in January. Bimbo said that demand for the five-year and seven-year notes was 14,7 billion MXN.
