Mexican bakery giant Grupo Bimbo, Hostess Brand, Japan’s Yamazaki Baking and Flowers Foods are reportedly among those still circling as possible buyers for the beleaguered Swiss-Irish frozen baked goods group.
Equipment manufacturers are investing ‘huge sums in R&D’ to enable bakers boost operational efficiency and develop application-specific products to meet exacting consumer demands, according to Global Market Insights.
Yamazaki Baking Co. posted a 1.1% sales increase, buoyed by Japan’s demand for premium breads, but noted a 14% drop in income for the year ended December 31, 2017.