News for the baking industry
San Francisco / CA. (fht) Full Harvest Technologies Inc. , the business-to-business marketplace specializing in surplus and imperfect produce, announced in California multiple milestones as it successfully scales its operations to help solve the USD 2.6T global food waste problem.
Pyhäntä / FI. (foy) Finland’s Fodelia Oyj Group announced its unaudited results for the period 01 January to 31 March (Q1-2022). Net sales for the period under review grew by 22.8 percent to EUR 9,237,000. Ebitda was EUR 651,000 or 7.0 percent of net sales. Operating profit was EUR…
Chicago / IL. (mdlz) Mondelez International unveiled the evolution of its strategy to accelerate growth and focus its portfolio to generate strong, sustainable shareholder value. As a result, the Company is updating its long-term algorithm to 3 percent – 5 percent Organic Net Revenue…
San Francisco / CA. (grb) Food technology company GrubMarket announced it has completed the acquisition of Miami, Florida-based Vega Produce, a highly respected, global fresh produce company that provides the highest quality Asian fruits and vegetables, sourced from nearly…
Stockholm / SE. (cab) Swedish Cloetta AB, a leading confectionery company in the Nordic region and the Netherlands, is evaluating how the Group can facilitate further growth in its candy category while accelerating margin expansion by consolidating its manufacturing network and…
Paramount / CA. (ttcf) Tattooed Chef Inc., a leader in plant based foods, announced financial results for the first quarter ended March 31, 2022. The Company also reiterated its financial guidance for full year 2022. First Quarter 2022 Financial Overview Compared to Q1-2021 Revenue rose…
Helsinki / FI. (pg) Following the earlier announcement to withdraw from Russia, Finland’s Paulig Group has completed the sale of Paulig’s operations in Russia. The transaction comprises the sale of the shares in Paulig Rus LLC to the private investor Vikas Soi. Thereby the Paulig…
Westerville / OH. (lc) Lancaster Colony Corporation reported results for the company’s fiscal third quarter ended March 31, 2022. Summary Consolidated net sales increased 12.9 percent to a third quarter record USD 403.5 million versus USD 357.2 million last year. Retail net sales grew…
St. Louis / MO. (pfh) Post Holdings Inc. , a consumer packaged goods holding company, reported results for the second fiscal quarter ended March 31, 2022. Highlights: Second quarter net sales of USD 1.4 billion Operating profit of USD 100.0 million; net earnings from continuing…
Parsippany / NJ. (bgs) B+G Foods Inc. announced that effective immediately it has acquired the frozen vegetable manufacturing operations of Growers Express LLC. Growers Express is an industry innovator which manufactures, produces, packages and sells frozen vegetable products…
