News for the baking industry
Berlin / DE. (hf) HelloFresh SE, through its subsidiary HelloFresh U.S. in New York, announced plans to open a new distribution center in Phoenix, Arizona. The nearly 440,000 square-foot facility located at 1850 South 71st Avenue will become the company’s largest shipping and fulfillment…
Oslo / NO. (ok) Norway’s Orkla ASA has entered into an agreement to purchase the Icelandic company Nói-Siríus HF, which is the leading manufacturer of chocolate and confectionery in Iceland. Nói Siríus is well-known for its iconic chocolate brands Síríus, Nóa Konfekt, Nóa…
Westerville / OH. (lc) Lancaster Colony Corporation reported results for the company’s fiscal third quarter ended March 31, 2021. Summary: Consolidated net sales increased 11.2 percent to a third quarter record USD 357.2 million versus USD 321.4 million last year. Retail net sales grew…
Geneva / CH. (fisa) Firmenich, the world’s largest privately owned fragrance and taste company, announces the launch of its Culinary and “SmartProteins” Innovation Center in Tuas, Singapore. The new center will serve as a regional R+D hub for Asia and a global center of…
San Antonio / CA. (ncasef) Faced with a crippling shortage of labor, higher operating costs, lower gross margin and lower net profit, 7-Eleven franchisees are asking their franchisor to reconsider its mandate that stores resume 24/7 operations beginning May 24, 2021. A letter…
Qingdao / CN. (nsa) On April 27, Nestle, Laixi Government and Laixi Guhe Subdistrict Office jointly hosted the signing ceremony of new investment projects in Guhe Subdistrict of Laixi, a county-level city in Qingdao, east China’s Shandong province. This marks another…
Oslo / NO. (ok) Operating profit (Ebit adjusted) of Norway’s Orkla ASA increased by 13.5 percent to NOK 1,297 million in the first quarter. Operating profit for Branded Consumer Goods, including Headquarters, rose by 9.5 percent. Group operating revenues amounted to NOK…
Oslo / NO. (ok) Norway’s Orkla ASA wants to be one of the foremost players in alternative proteins in Europe. That is why the Group is now establishing Orkla Alternative Proteins (OAP) as a separate business unit. «We are just at the beginning of a massive shift towards alternative protein sources.
Oslo / NO. (ok) Norway’s Orkla Food Ingredients has signed and completed an agreement to purchase Cake Décor Limited (Cake Décor) and For All Baking Limited (FAB). The companies manufacture and sell cake decorations and accessories for online sale, bakeries and…
Schenefeld / DE. (eb) Harry Brot GmbH is navigating the pandemic rather silently. On the one hand, it has its hands full for the food retail trade. On the other hand, it has to steer subsidiaries through time, which are currently unable to fully exploit their potential.
