News for the baking industry
Elgin / IL. (tmc) The Middleby Corporation announced the acquisition of Icetro, a maker of ice, soft serve and slush machines that are used worldwide in commercial foodservice. With annual sales of approximately USD 40 million, the company is headquartered in South Korea with…
Amstelveen / NL. (iuf) Infarm – Indoor Urban Farming B.V. – officially opened one of the largest urban farms in Europe, in Bedford, UK. This is Infarm’s first high-capacity Growing Centre in the UK, the facility measures 10,000 square metres and can feature up to 40 Infarm cloud-connected…
Elgin / IL. (tmc) The Middleby Corporation announced the acquisition of Proxaut, a leading manufacturer of Auto Guided Vehicles (AGVs) for the food industry and industrial processing companies. The company is based in Italy near Bologna with approximately 15 million USD in…
Minneapolis / MN. (gm) General Mills Inc. reported results for the fourth quarter and fiscal year ended May 29, 2022. «Fiscal 2022 was another successful year for General Mills, marking the fourth consecutive year that we’ve delivered results that met or exceeded our targets for top and bottom…
Hunt Valley / MD. (mcc) McCormick + Company Inc., a global leader in flavour, reported financial results for the second quarter ended May 31, 2022. Sales declined 1 percent in the second quarter from the year-ago period and, in constant currency, sales were comparable to the last…
Amstelveen / NL. (iuf) Infarm – Indoor Urban Farming B.V. – announced the establishment of its third Growing Center in the US and the largest Infarm Growing Center to date. Alongside the existing vertical farming facility in Seattle and a recently announced one in Austin, Texas, the…
London / UK. (pf) British Premier Foods PLC announced its preliminary results for the 52 weeks ending 02 April 2022 – published in May 2022. Summary: Trading profit, Adjusted PBT and earnings per share ahead of previously raised expectations, dividend up +20 percent…
Battle Creek / MG. (kc) Kellogg announced that its Board of Directors has approved a plan to separate its North American cereal and plant-based foods businesses, via tax-free spin-offs, resulting in three independent public companies, each better positioned to unlock their standalone potential.
Chicago / IL. (mdlz) Mondelez International announced an agreement to acquire Clif Bar + Company, leading U.S. maker of nutritious energy bars with organic ingredients, for USD 2.9 billion with additional contingent earn-out consideration. The acquisition of leading on-trend brands…
London / UK. (tl) Tate + Lyle PLC, a leading global provider of speciality food ingredients and solutions, announced strong top-line growth, accelerated innovation and major strategic milestone passed in its 2022 Full Year Results Statement. Chief Executive Nick Hampton…
