Thomasville / GA. (ff) Flowers Foods announced it has entered into a definitive agreement to acquire Lepage Bakeries of Auburn, Maine for 370 million USD in cash and stock. Flowers expects to complete the transaction in its fiscal second quarter …
Syracuse / NY. (crg) Carrols Restaurant Group announced that it has completed the acquisition of 278 Burger King restaurants from Burger King Corporation (BKC). Carrols, which operates 574 BK restaurants following the acquisition, is the brand´s largest franchisee – globally.
Oslo / NO. (ok) The heads of the four business units in Orkla Brands will now be members of Orkla´s Group Executive Board. Håkon Mageli has been appointed Executive Vice President, Corporate Communications and Corporate Affairs – the company says in a short statement.
Vevey / CH. (nsa) Swiss Nestle S.A. has completed a six million EUR investment in its condensed milk products factory in Pontecesures, Spain, increasing production by 50 percent. The factory now can manufacture products in a variety of different formats.
Dusseldorf / DE. (mg) British Booker Group PLC and German Metro Group announced that they intend to combine Metro Group´s UK wholesale business – Makro Self Service Wholesalers Limited – with Booker to form a strategic partnership in the UK market.
Mumbai / IN. (bil) Britannia Industries Limited (BIL), India´s leading Food Company, reported revenue growth of 16,8 percent in Q4/2012 and 17,8 percent for the year, on a standalone basis at 1’309,6 INR crores and 4’947 INR crores respectively.
Cairo / EG. (oci) Egyptian Orascom Construction Industries (OCI) announced that its wholly-owned subsidiary OCI Fertilizer Holding has agreed to sell its 16,8 percent stake in the U.S. American Gavilon Group LLC to Japanese trading house Marubeni Corporation.
Omaha / NE. (gg) «We are pleased that our strategic review process has resulted in an agreement to become a wholly owned subsidiary of Japanese Marubeni Corporation», said Greg Heckman, president and chief executive officer of Gavilon Group LLC.
Canton / MA. (db) Dunkin´ Donuts, America´s all-day, everyday stop for coffee and baked goods, announces the opening of its first restaurant on the Paseao Miraflores in Guatemala. The new flagship restaurant officially opened its doors in the Guatemalan capital.
Birmingham / UK. (2sfg) British 2 Sisters Food Group has announced a number of leadership plans as it strengthens its talent base to support its growth over the coming years.