News for the baking industry
Bonita Springs / FL. (ifh) Innovative Food Holdings, a leading end-to-end DTC e-commerce platform and direct-to-chef platform that provides unique specialty foods through e-commerce offerings and multichannel partnerships, reported its financial results for the third quarter and first nine…
Orrville / OH. (sc) The J. M. Smucker Company announced it will invest $1.1 billion to build a new manufacturing facility and distribution center in McCalla, Alabama, dedicated to the production of sandwiches. Construction of the facility is expected to begin no later than January 2022, with…
San Francisco / CA. (grb) Food technology company GrubMarket announced that it has raised USD 200 million in a massively oversubscribed Series E funding round from Tiger Global Management, funds and accounts managed by BlackRock, Liberty Street Funds, Apeira Capital…
Montreal / CA. (gfc) Goodfood Market Corporation, a leading online grocery company in Canada, announced record financial results for the fiscal year ended August 31, 2021, and significant progress in building out its grocery offering and rapid delivery capabilities beginning with the…
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, 2021. Highlights: Fourth quarter net sales of USD 1.7 billion; operating profit of USD 137.8 million; net earnings of…
Toronto / CA. (gwl) George Weston Limited (GWL) announced that it has signed a definitive agreement to sell the Weston Foods ambient bakery business to affiliated entities of Hearthside Food Solutions LLC, headquartered in Downers Grove (IL), for aggregate cash consideration…
Greenwood Village / CO. (rrgb) Red Robin Gourmet Burgers Inc., a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the quarter ended October 3, 2021. Key highlights: Restaurant…
San Francisco / CA. (grb) Food technology company GrubMarket announced it has completed the acquisition of Oakland, CA-based Oakport Transportation, a provider of comprehensive trucking and logistics services that stores and ships produce throughout California, the Pacific…
Paris / FR. (lg) French Lesaffre Group inaugurated its 48th «Baking Center» in Dubai as part of its network expansion strategy to support customers in the UAE and the wider GCC region in the development of their expertise and offer the much-needed exposure to new, disruptive innovative…
Thomasville / GA. (ff) Flowers Foods Inc., producer of Nature’s Own, Wonder, Tastykake, Dave’s Killer Bread, reported financial results for the company’s 12-week third quarter ended October 09, 2021. Third Quarter Summary compared to Q2-2020 where applicable Sales increased 3.9 percent…
