News for the baking industry
Parsippany / NJ. (fg) Ferrero USA Inc., part of the global confectionery company Ferrero Group, celebrated the opening of its new Kinder Bueno production facility in Bloomington, Illinois. The USD 214 million dollar investment creates circa 200 new jobs and will help drive continued…
New York City / NY. (hyp) HungryPanda, the world’s leading overseas Asian food delivery platform, announced the successful completion of a USD 55 million refinancing and fundraise. The round was led by Mars Growth Capital, a JV between Liquidity Group and MUFG,with continued support from…
Hunt Valley / MD. (mcc) McCormick + Company Inc., a global leader in flavour, reported financial results for the third quarter ended August 31, 2024 and reaffirmed fiscal 2024 outlook for sales and operating profit. Brendan M. Foley, President and CEO: «We are pleased with our year to date…
Miami / FL. (ssc) Subway IP LLC is reaching new milestones as it makes progress on its global growth strategy to expand its footprint, while delivering a high-quality, convenient guest experience around the world. Over the past three years, Subway has signed more than 20 master…
Madrid (ES) | Lier (BE). (nci) Natra Chocolate International S.L., one of Europe’s largest vertically integrated private label and co-manufacturing platforms for chocolate products, and Gudrun Group, a leader in the development, production, packaging and commercialisation of real…
Hong Kong / HK. (nif) Nissin Foods Company Limited is pleased to announce that the Group, as the purchaser, entered into the Share Sale and Purchase Agreement with the Sellers and the Sellers’ Guarantors. This agreement relates to the Acquisition of 100 percent of the issued share…
Newcastle upon Tyne / UK. (gs) British Greggs PLC, the leading bakery food-on-the-go retailer in the United Kingdom with more than 2,500 retail outlets throughout the country, announced its trading update for the 13 weeks to 28 September 2024. The company makes further good progress.
Chicago / IL. (mdlz) Mondelez International announced that its corporate venture capital arm, SnackFutures Ventures, has taken a minority stake in Urban Legend, a fast-growing, «better-for-you» fresh doughnut and pastry business in the United Kingdom. Founded in 2021 by scientist and…
Purchase / NY. (pci) PepsiCo Inc. announced that it has entered into a definitive agreement to acquire Garza Food Ventures LLC, dba Siete Foods for USD 1.2 billion. The acquisition will complement the portfolio with the addition of an authentic, Mexican-American brand, while also growing…
Radnor / PA. (new) NewSpring Capital, a family of private equity strategies, announced that NewSpring Franchise has completed an investment in Great Harvest Holdings LLC, a franchise fast-casual bakery and café concept with approximately 175 locations across the U.S.
