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Breaking News on Industrial Baking & Snacks

News > Manufacturers

Snyder’s-Lance to ‘substantially streamline’, close plant and cut 250 jobs

Snyder’s-Lance has announced a restructuring plan to drive down costs and complexities, which includes closing its Florida chips plant and retrenching 250 employees.

Quarterly Earnings

McCain Foods president to become Mondelēz’s new CEO amid Q2 revenue decline

Dirk Van de Put will succeed Irene Rosenfeld as Mondelēz’s new CEO in November.

Aunt Jemima recall stresses Pinnacle’s earnings

Pinnacle Foods’ has posted a steep drop in Q2 earnings after recalling Aunt Jemima pancakes, frozen waffles and frozen French toast from US and Mexico shelves in May following potential...

Good Grain Bakery wins listing on Ocado and with Abel & Cole

Good Grain Bakery, a UK organic artisan bakery specialising in gluten-free vegan bread, has been listed by online supermarket Ocado and with organic delivery company Abel & Cole.

Snack Attack 2017

Natural snacks bet on Amazon for distribution

Natural snack producers - from multi-million dollar snack companies to emerging startups - are eying Amazing for distribution expansion.

News in brief

Royal DSM appoints new president of DSM Food Specialties

Royal DSM has appointed Patrick Niels to replace Ilona Haaijer as president of DMS Food Specialities from August 1.

Heinz accused of falsely marketing ‘healthy’ toddler snack

HJ Heinz Australia has been taken to court by the Australian Competition and Consumer Commission (ACCC), which alleges the food manufacturer engaged in misleading representations on the packs of its...

News in brief

Know Allergies selects former Hostess Brands chairman as CEO

Allergen-free granola bar producer Know Allergies has appointed Greg Rayburn as its new CEO to meet growing demand.

Ruiz Food Products in $79m expansion

Ruiz Food Products will invest $79m to expand its South Carolina factory, creating 705 jobs.

Premier Foods first quarter sales dip, despite good growth from Cadbury cakes

Mr Kipling maker Premier Foods’ reported a 3.1% sales dip in 2017 Q1 as warmer weather negatively affected winter favorites like Bisto and Oxo, but this was offset by bigger...

Hershey to ‘truly be a snacking company’ with new popcorn brand

Hershey has developed its first popcorn brand Popwell, which it is rolling out across the US in selected retailers. 

The top 10 US bread suppliers in 2017: Rising sales for Aryzta, Bimbo and Flowers

US fresh bread value sales have flat-lined so far in 2017, but there are some rising stars, IRI data for the 52 weeks, ending June 11, 2017 shows.

'We're the first product that dreams of impeaching the US president'

German start-up Smuus mixes food, politics & tongue-in-cheek marketing

German start-up Smuus has an original concept with its fruit and vegetable smoothies for yoghurts, desserts, bread, meat and cheese. But the campaign for its peach-flavoured product, which promises to...

Grupo Bimbo buys East Balt Bakeries to expand global footprint

Grupo Bimbo has acquired East Balt Bakeries from One Equity Partners for $650m to give the Mexican conglomerate entry into eight new countries in Asia, the Middle East and Africa.

Simple ingredients renovation

Next step: Mondelēz to cut sugar, salt, sat fat and artificial ingredients in power brands

Cadbury owner Mondelēz International plans to renovate its power brands with simpler ingredients and improved nutrition after meeting some of its well-being targets early.

Halal certification ‘unnecessary’ down under for Special K and Cornflakes, says Kellogg

Special K and Cornflakes maker Kellogg Company Australia and WeetBix producer Sanitarium have stopped paying for halal certification, stating their products are ‘inherently halal’.

Snyder’s-Lance funds upgrades at Baptista’s Bakery and Cape Cod Potato Chips plants

Baptista’s Bakery and Cape Cod Potato Chips have received capital from their parent company, Snyder's-Lance, to upgrade their factories. 

General Mills wins fight to label Nature Valley granola bars as ‘natural’

General Mills has won a lawsuit alleging its Nature Valley granola bars cannot be labelled “100% natural” as they purportedly contain traces of herbicide.

Gold Coast Bakeries acquired by Peak Rock Capital

Gold Coast Bakeries is the latest food and beverage company to be snapped up by private equity firm Peak Rock Capital as it expands its portfolio.

Grupo Bimbo to close Canada Bread’s Calgary bakery

Canada Bread will shut down its production plant in Calgary, Alberta on Sept. 8, 2017, to drive productivity improvements.

M&A

KP Snacks acquires UK popcorn brand Butterkist

KP Snacks is acquiring Tangerine Confectionery’s popcorn business Butterkist for an undisclosed amount. 

Espiga de Ouro US$50m investment could stabilize Mozambique’s bread price

Maputo-based Espiga de Ouro has invested more than US$50m in the country’s biggest industrial facility that could further alleviate the threat of an erratic bread price in Mozambique.

Sweets & Snacks Expo 2017

1-800-Flowers set to compete with Amazon with new snacking brand

1-800-Flowers says it is considering acquiring a new brand from the snack category, such as nuts, to boost its e-commerce business. 

General Mills prioritizes cereal growth for fiscal 2018

General Mills said it will focus on growing its cereal venture with Nestlé, unlocking growth opportunities and investing in NPDs to overturn the company’s historical decline in quarter-on-quarter revenues.

Top 10 US salty snack brands in 2017 so far: Sales soar for Frito-Lay’s Ruffles brand

IRI data reveals the 10 biggest brands in eight key US salty snacks categories in the first half of 2017.

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