News for the baking industry
Chicago / IL. (adm) Archer Daniels Midland Company (ADM) unveiled the ADM Food Technology (Pinghu) Co., Ltd., a state-of-the-art, fully automated flavour production facility situated in Pinghu, Zhejiang Province, China. «Since our acquisition of Wild Flavours in 2014, we have…
Berlin / DE. (hf) HelloFresh SE, the world’s leading meal kit company, has acquired an approximately 10 percent stake in Russia’s leading meal kit company, Chefmarket LLC by way of a cash capital increase. The investment represents a strategic step for HelloFresh to tap into an emerging…
Shanghai / CN. (yb) Yum China Holdings Inc. updated stakeholders on the impact of recent Covid-19 developments as follows: Impact of the Delta Variant Outbreak In our second quarter 2021 earnings release, we mentioned that the latest Covid-19 outbreak of the Delta variant, which…
London / UK. (abf) Food, ingredients and retail group Associated British Foods PLC (ABF) issues the following update prior to entering the close period for its full year results for the 53 weeks to 18 September 2021, which are scheduled to be announced on 09 November 2021. Trading…
Maia / PT. (eb) Portugal’s Amorim and Lage families have reached an agreement with the Moreira da Silva and Silva Domingues families for the sale of 100 percent of Grupo Cerealis. Founded in 1919, three generations of the Amorim and Lage families have developed over 102 years one of the…
Minneapolis / MN. (cg) Cargill Company announced the opening of its new, cutting-edge pectin production facility, located in Bebedouro, Brazil. The plant, which represents a USD 150 million investment, significantly expands the company’s ability to meet growing global demand for the…
Reykjavik / IS. (bkg) Island’s Bakkavör Group, the leading international provider of fresh prepared food (FPF), announces its half year unaudited results for the 26-week period ended 26 June 2021. Returned to revenue growth with strong conversion to profits and cash Strong revenue…
Louisville / KY. (yb) Yum! Brands Inc. announced the completion of its acquisition of Dragontail Systems Limited, an innovative provider of technology solutions for the food industry, following the successful implementation of the previously announced share scheme of…
Chicago / IL. (khc) The Kraft Heinz Company reached a settlement with the U.S. Securities and Exchange Commission (SEC) on 03 September, concluding and resolving in its entirety the previously disclosed SEC investigation relating to activities in the Company’s procurement area…
Austin / MN. (hrl) Hormel Foods Corporation, a leading global branded food company, reported results for the third quarter of fiscal 2021. All comparisons are to the third quarter of fiscal 2020 unless otherwise noted. Executive Summary Volume of 1.2 billion lbs., up 1 percent…
