bakenet:eu – Page 3 – News for the baking industry

Toronto / CA. (nti) Namaste Technologies Inc. announced that it has entered into a share purchase agreement to acquire 49 percent of the issued and outstanding shares of Calgary, AB-based Choklat Inc. for CAD1.5 million in cash consideration. As part of the acquisition, Namaste will be...

Barry Callebaut: opens 22nd Academy in Beijing

Thursday, 14. March 2019

Zurich / CH. (bc) Swiss Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products, celebrated the opening of its new office and its new «Chocolate Academy» center in Beijing with customers – global and local food manufacturers, as well as...

Aryzta AG: announces H1-2019 Revenue Update

Zurich / CH. (aag) Swiss-Irish Aryzta AG announces financial results for the six month period ended 31 January (H1/2019). The company is on track to deliver within its previously guided range for the current financial year, Aryzta said in its statement. Strategic, Financial and Operational Highlights Strategic...

Goodman Fielder: Wilmar to buy out co-investor

Singapore / SG. (wi) Wilmar International Limited wishes to announce that it has entered into a share purchase agreement dated 11 March 2019 (the SPA) to acquire the balance 50 percent shareholding interest of FPW Singapore Holdings Pte. Limited (FPW) not already owned by the Company, from...

First Pacific to Sell Goodman Fielder Stake to Wilmar

Hong Kong / HK. (fp) First Pacific Company Limited agreed to sell its 50 percent shareholding (including shareholder loans) in FPW Singapore Holdings Pte. Ltd. (FPW) to Wilmar International Limited, owner of the other half of the joint venture vehicle, for USD 300 million. FPW owns 100 percent of...

Yum China: Outlines Innovation Powering Growth Strategy

Shanghai / CN. (yb) Following two strong years of profitable growth since the spin-off from Yum! Brands Inc., Yum China Holdings Inc. hosted the 2019 Investor Day in Shanghai, China. At the event, Yum China’s Chief Executive Officer, Joey Wat, and other members of Yum China management...

AAK Makes Significant Investments in China Facility

Tuesday, 12. March 2019

Malmo / SE. (aak) Eighteen months after inaugurating its production facility in Zhangjiagang, China, Swedish AAK Group (former AarhusKarlshamn AB) has decided on some significant add-on investments to increase capacity and support volume growth for, in particular, its Special Nutrition...

Julius Meinl Doubles UK Business with Acquisition Deal

Tuesday, 12. March 2019

Vienna / AT. (jmi) Viennese coffee roaster Julius Meinl Industrieholding GmbH is significantly expanding its UK operation with the acquisition of a coffee distributor in the Midlands. The Austrian premium coffee business, currently marketed in over 70 countries, expects to see its UK turnover double...

Greggs PLC: announces strong FY-2018 performance

Monday, 11. March 2019