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News > Manufacturers

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...

News in brief

2 Sisters non exec director quits to become minister

2 Sisters Food Group’s non executive director Baroness Lucy Neville-Rolfe has left the business to take up the role of business minister.

Grupo Bimbo acquires Ecuadorian firm Supan

Mexican bakery giant Grupo Bimbo is set to acquire Ecuadorian company Supan – its first buy in the region.

Exclusive interview

Grupo Bimbo ceo to invest in UK arm

Bakery giant Grupo Bimbo believes the UK arm of Canada Bread - the business it bought in May - together with Spanish and Portugese divisions can strengthen European sales after further investment....

China

General Mills spends big on Asian product development

In a move to channel more investment into its growing Chinese market, food major General Mills has opened its first major technical centre outside of its Minneapolis headquarters. 

Weetabix in jobs consultation with 60 staff

Pressure to stem eroding profits has led Weetabix to place up to 60 jobs across its industrial hygiene departments at risk.

Sugar prices to blame for ABF's poor sugar revenues

Associated British Foods (ABF) has blamed lower sugar prices and weak EU sales volumes for its poor sugar revenues in an interim management statement today (July 10).

2 Sisters’ Avana Bakeries sale offers staff hope

The sale of 2 Sisters’ Avana Bakeries site has offered hope to workers who faced losing their jobs because of its previously announced closure, although concerns remain about its future.

News in brief

Allied Bakeries Kingsmill launches Great White Rolls

Kingsmill launches Great White Rolls following the release of Kingsmill Great White - loaves with as much fibre as wholemeal - back in March. 

General Mills launches 150 products inspired by food trends

General Mills introduces a range of 150 products across the U.S inspired by leading consumer food trends: protein, bold flavors, gluten free, indulgence and whole grain.

Can General Mills' Grumpy Cat bring kids back to cereal?

General Mills' recruit of social media celebrity Grumpy Cat could engage young consumers but does not come without risks, according to a food marketing expert. 

Fazer closes 2 factories in industrial to in-store shift

Finnish firm Fazer has announced the closure of two of its bakeries – a move it said was unavoidable considering a market shift from pre-packed bread to in-store baked. 

Want Want China to add some 50 products to its snack line in 2014

Chinese snack titan Want Want will extend its product line this year after strengthening its position in China.

Dispatches from IFT 2014

Cricket bars founder: ‘We launched a product without a supply chain in place to scale it’

Since it was created in 2012, Chapul Inc. has been on a mission to integrate edible insects into Western diets, using its cricket energy bars as the vehicle. 

Australia

Goodman Fielder agrees to takeover bid from Wilmar and First Pacific

Iconic Australian food maker Goodman Fielder has finally agreed to an A$1.34bn (US$1.26bn) offer by Wilmar International and First Pacific Company to acquire the company after the last two bids...

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