News for the baking industry
Karlsruhe. (ins) INS Ecosystem, the direct-to-consumer retail marketplace powered by blockchain, announced the partnership with a German robotics start-up Pickertonn, which is working in a stealth mode out of Karlsruhe, Germany. Pickertonn is an innovative intra-logistics company with…
Montigny-le-Bretonneux / FR. (iki) IK Investment Partners (IK), a leading Pan-European private equity firm, is pleased to announce that the IK VIII Fund has entered into exclusive negotiations with Equistone Partners Europe, Céréa Partenaire, Azulis Capital and the management team to acquire…
Liverpool / UK. (rgf) British Real Good Food Company PLC (RGF) announces that it has agreed terms for at least 8.2 million GBP in new financing arrangements with the Company’s three major shareholders, Napier Brown Ingredients Limited, Omnicane International Investors Limited, and certain funds…
White Plains / NY. (bl) Bunge Limited announced its financial results for the first quarter (Q1/2018) ended March 31, 2018. Highlights: Q1 GAAP EPS of USD (0.20); USD (0.06) on an adjusted basis that includes USD 120 million of negative mark-to-market on forward oilseed crushing contracts…
Pennsauken / NJ. (jj) J+J Snack Foods Corporation, a leading niche snack food and beverage company, announced sales and earnings for the second quarter ended March 31, 2018. Sales increased 8 percent to USD 266.1 million from USD 246.5 million in last year’s second quarter. Net earnings…
Deerfield / IL. (mdlz) Mondelēz International reported its first quarter 2018 results. «We had a good start to the year with improving top-line momentum and continued progress in margin expansion driven by strength in Europe and AMEA», said Dirk Van de Put, Chairman and CEO…
Mexico City / MX. (gb) Grupo Bimbo S.A.B. de C.V. reported its results for the three months ended March 31, 2018. «We entered 2018 well positioned to deliver growth and profitability, coming off a transformational year in 2017. This was already evidenced in our performance this quarter…
San Pedro Garza García / MX. (gr) Gruma S.A.B. de C.V. reported first quarter 2018 financial results. Highlights: Gruma’s performance showed continued improvements in net sales in all regions other than Central America, and expanding margins, notably in the U.S. Consolidated sales volume…
Chicago / IL. (adm) Archer Daniels Midland Company (ADM) reported financial results for the quarter ended March 31, 2018. «The team executed exceptionally well in the first quarter, and we harvested the benefits of the strategic actions we took over the last few years, delivering strong results…
Oslo / NO. (ok) Through its wholly-owned subsidiary KåKå AB, Orkla Food Ingredients (OFI) has entered into an agreement to acquire a majority shareholding in the Swedish sales and distribution company Werners Gourmetservice AB. Werners is market leader in Sweden for premium products for…
