News for the baking industry
Los Angeles / CA. (cpk) California Pizza Kitchen (CPK) announced that it has successfully completed its financial restructuring process and emerged from Chapter 11, well positioned for long-term growth. As part of its financial restructuring, CPK completed a debt-for-equity transaction…
Zurich / CH. (aag) Swiss-Irish Aryzta AG has issued its Invitation for its 2020 Annual General Meeting (AGM) to be held on 15 December 2020 in Schlieren, Switzerland. Based on Article 27 of the Ordinance 3 issued by the Swiss Federal Council on measures to combat the coronavirus of…
Dublin / IE. (gg) Greencore Group PLC, a leading manufacturer of convenience food in the UK, issues its results for the year ended 25 September 2020. Financial Highlights Group Revenue of GBP 1,264.7 million, a reduction of 12.5 percent impacted by effect of Covid-19 on food to go…
Parsippany / NJ. (fg) Ferrero USA Inc., part of the global confectionery company Ferrero Group, announced plans to build a new chocolate manufacturing center in Bloomington, Illinois. It will be Ferrero’s first chocolate production plant in North America. The new manufacturing center…
St. Louis / MO. (pfh) Post Holdings Inc., a consumer packaged goods holding company, reported results for the fourth fiscal quarter and fiscal year ended September 30, 2020.Highlights: Fourth quarter net sales of USD 1.4 billion; operating profit of USD 178.9 million; net earnings of…
Bonita Springs / FL. (ifh) Innovative Food Holdings, an interconnected data driven platform of specialty food companies that provides chefs and consumers direct access to the highest quality unique specialty food products across the U.S., reported its financial results for the third…
McLean/VA and New York/NY. (mi) Mars Inc., a family-owned global pet care, confectionery and food business, and Kind LLC, a healthy snacking leader, announced the next step in their strategic partnership, with Mars acquiring Kind North America. Kind North America will join Kind…
London / UK. (ldc) Leading mid-market private equity firm LDC has announced the successful exit of Addo Food Group, the UK’s leading chilled savoury pastry producer, to European private equity firm PAI Partners. The deal follows a three-year partnership that saw the Nottingham…
Hanover / PA. (utz) Utz Brands Inc., a leading U.S. manufacturer of branded salty snacks, announced that its subsidiaries Utz Quality Foods LLC (UQF) and Heron Holding Corporation have entered into a definitive agreement to acquire Truco Enterprises, a leading seller of tortilla chips…
Malmo / SE. (aak) To accelerate innovation and drive further growth within the plant-based foods market, Swedish AAK Group (former AarhusKarlshamn AB) has joined the MISTA innovation platform, based in San Francisco, California, USA. Established in 2018, MISTA is…
