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News in brief

JM Smucker acquires Sahale Snacks

JM Smucker has acquired premium nut and fruit snack firm Sahale Snacks.

Allied Bakeries plant closure plan could hit 170 jobs

The closure of Allied Bakeries’ Orpington plant in Kent threatens up to 170 jobs and local MP Jo Johnson has demanded answers from Allied’s parent company Associated British Foods (ABF).

Exclusive interview

Haydens Bakery aims to avoid troubles like Avana

Haydens Bakery has restructured its operations by securing more contracts to safeguard jobs and prevent a similar situation to 2 Sisters’ Avana Bakeries site, where 650 jobs were at risk.

Breaking

Weetabix announces 30 redundancies

Weetabix will make 30 roles at its Northamptonshire sites redundant in response to increasing pressure from supermarket own-label products and the discounters, it has announced.

Nestlé Fitness strikes partnership with Malta Marathon

Nestlé Fitness will be the official cereal sponsor of the Vodafone Malta Marathon for the next four years.

Kellogg provided over 500,000 Nutri-Grain bars to the Commonwealth Games

Kellogg was one of the last companies to join the sponsors’ family of the Glasgow 2014 Commonwealth Games. It supported the Games by providing over 500,000 Nutri-Grain bars to the...

Kellogg profits slump 16%: ‘Failed innovation’ in US cereal a problem

Kellogg Q2 net profits slumped 16% with Special K and Kashi underperforming and ‘failed innovation’ across other parts of its US cereal portfolio.

News in brief

Kellogg ‘disappointed’ but working on Memphis ruling

Kellogg is ‘thoroughly reviewing’ the US ruling to end its Memphis lockout; working on return dates for employees, but remains disappointed by the outcome.

New Zealand

Taura claims its fruit pieces are the world's smallest

Kiwi fruit products company Taura Natural Ingredients has introduced what it claims is possibly the world’s smallest real fruit pieces.

Russian all-natural snack start-up: 'We’re catching the wave, not chasing it'

The Marc Bakery aims to transform its $1m Russian snack business into $45m in just three years – a possible goal in a country where all-natural remains nascent, its founder says.

News in brief

Kellogg to close Georgia snack plant

Kellogg will close a snack plant in Georgia by the end of 2015 as part of its restructuring program, Project K.

Genius pumps ‘a good whack of its budget’ into Commonwealth Games sponsorship

Genius Foods, the UK’s leading gluten-free food producer, made a big investment into its summer campaign after being asked to be an official provider of the Glasgow 2014 Commonwealth Games.

Bridor to pump $32 million into US operations

Artisan specialist Bridor USA Inc. will expand its Vineland plant to drive more European-style products into the US market, says its CEO.

Oxfam praises ‘bold’ climate change move from General Mills

Following a damning report published by Oxfam in May, General Mills has revamped its climate change plan; pledging to reveal global greenhouse gas emission targets by August 2015.

News in brief

Bridges Ventures acquires controlling stake in Wholebake

UK investment firm Bridges Ventures will bolster capacity and brand development at Welsh energy bar specialist Wholebake.

News in brief

Hovis job cuts? ‘Same old story’ industry insider tells us

News of more than 200 job cuts at the Hovis bakery in Leicester should surprise no one, a key industry insider has told this website.

Hovis bakery to close with loss of 200 jobs

The Hovis bakery in Leicester is to close by next January with the loss of 204 jobs.

Genius targets in-store bakeries for French expansion

UK gluten-free major Genius has rolled products in French in-store bakeries – a move it says should normalize gluten-free for consumers.

Flavor campaigns drove excitement and engagement for Frito-Lay

Frito-Lay posted steady growth for Q2, fueled by excitement and consumer engagement through flavor competitions, says PepsiCo’s chairman and CEO Indra Nooyi.

Bimbo Bakeries USA notes ‘surprising’ decline in private label

Bimbo Bakeries USA (BBU) saw a 7% dip in US private label packaged bread sales in its Q2 results.

Financials brief

Q2 ‘wrap’: Grupo Bimbo sharp profit rise, PepsiCo profits dip

Grupo Bimbo’s Q2 net profit surged 72.6% on the previous year as sales rose slightly, whereas PepsiCo’s net profit dipped 2% despite steady sales.

News in brief

Hardbite Chips goes non-GMO on select snacks

Naturally Homegrown Foods’ Hardbite Chips brand has received non-GMO verification on two products, with the rest of the portfolio soon to follow, its CEO says.

Philippine food major buys New Zealand snack firm Griffin’s

Universal Robina Corporation (URC) has snapped up New Zealand snack giant Griffin’s Foods for NZ$700m ($606.6m) in a move it says should bolster its presence in the Asian snack sector....

AAK reports 'record' Q2 profits, acquires Frita brand from Unilever

A 40% increase in operating profits for its chocolate and confectionery fats business unit helped AAK to 'record high' results in Q2, while the firm continues its expansion with a...

Finsbury Food Group to post profit rise

Cake, bread and bakery goods manufacturer Finsbury Food Group expects to post full-year profit ahead of market expectations, thanks to market promotions and cost cutting, according to its pre-close trading...

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