bakenet:eu – Page 2 – News for the baking industry

Vevey / CH. (nsa) Swiss Nestle S.A. announced its financial results for the nine-months 2019. Highlights: Organic growth of 3.7 percent, with real internal growth (RIG) of 3.0 percent and pricing of 0.7 percent. Growth was supported by strong momentum in the United States and Purina PetCare. Total...

AAK: Further Increases Shares in Indian JV

Friday, 18. October 2019

Global Industry

Malmo / SE. (aak) Swedish AAK Group (former AarhusKarlshamn AB) has acquired an additional five percent of the shares of AAK Kamani, the joint venture between AAK and Kamani Oil Industries Pvt Limited that was formed in September 2015. AAK now owns 69 percent of AAK Kamani. The...

Cargill: to invest 225 million USD in Ohio

Friday, 18. October 2019

Market + Management

Minneapolis / MN. (cg) Cargill Company is expanding its integrated soybean crush and refined oils facility in Sidney, Ohio, to better serve area farmers and to meet growing demand for protein and refined oils. The company will invest approximately USD 225 million at the Sidney site, increasing...

Suspicious activity: Ingredion detects malware

Friday, 18. October 2019

Market + Management

Westchester / IL. (ingr) Ingredion Incorporated, a leading global provider of ingredient solutions to diversified industries, detected suspicious activity affecting several servers within certain data centers over the past weekend. As part of the company’s comprehensive response plan, the company...

Dunkin’ Brands: CMO to depart Dunkin’ U.S.

Friday, 18. October 2019

Persons + Honours

Canton / MA. (db) Dunkin’ Brands Group Inc., parent company of Dunkin’ and Baskin-Robbins, announced that Tony Weisman, Chief Marketing Officer Dunkin’ U.S., is stepping down from his position effective December 01, 2019. The company will immediately begin a search for his...

Hershey: CEO Michele Buck Elected Chairman

Thursday, 17. October 2019

Persons + Honours

Hershey / PA. (thc) The Hershey Company announced that its Board of Directors has elected Michele Buck as Chairman of the Board of Directors of The Hershey Company, effective immediately. Buck will also continue in her current role as President and Chief Executive Officer of the snacking company...

KIND Healthy Snacks: Buys Creative Snacks Company

Thursday, 17. October 2019

Market + Management

New York / NY. (kind) KIND Healthy Snacks LLC announced the acquisition of Creative Snacks Company, a family owned better-for-you snack manufacturer based in North Carolina. Creative Snacks’ award-winning snack offerings feature premium ingredients and include almond and coconut...

Wendy’s Company: Investor Day 2019 set targets

Wednesday, 16. October 2019

Global Industry

Dublin / OH. (twc) The Wendy’s Company held its Investor Day earlier today, during which the Company provided an overview of its long-term strategic vision, including additional details regarding its plans to launch breakfast across the U.S. system in 2020, as well as an update on its...

Campbell: Completes Sale of European Chips Business

Wednesday, 16. October 2019

Global Industry

Camden / NJ. (csc) Campbell Soup Company announced it has completed the sale of its European Chips Business to Valeo Foods, a portfolio company of CapVest Partners LLP, for approximately GBP 66 million (approximately USD 80 million based on current exchange rates). The Campbell...

Uber: to Acquire Majority Ownership in Cornershop

Tuesday, 15. October 2019

Market + Management

San Francisco / CA. (uti) Uber Technologies Inc. announced an agreement to acquire majority ownership of Cornershop, a leading online grocery provider in Chile, Mexico, and more recently in Peru and Toronto. The investment is expected to close in early 2020, subject to regulatory...

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Nestle S.A.: reports nine-month sales for 2019

AAK: Further Increases Shares in Indian JV

Cargill: to invest 225 million USD in Ohio

Suspicious activity: Ingredion detects malware

Dunkin’ Brands: CMO to depart Dunkin’ U.S.

Hershey: CEO Michele Buck Elected Chairman

KIND Healthy Snacks: Buys Creative Snacks Company

Wendy’s Company: Investor Day 2019 set targets

Campbell: Completes Sale of European Chips Business

Uber: to Acquire Majority Ownership in Cornershop

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