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Kerry acquires SuCrest, gains sweet expertise
Kerry Group’s acquisition of sweet ingredients provider SuCrest will extend its technology and expertise in that arena, said the global flavour and ingredients powerhouse.
Legal firm launches probe as Ralcorp rebuffs ConAgra’s advances
A legal firm specializing in shareholder litigation has launched an investigation to determine whether Ralcorp has acted in its shareholders’ best interests by rejecting a recent $94 a share cash...
Acquisition strengthens global position for AMF Bakery Systems
AMF Bakery Systems has completed the undisclosed acquisition of Baking Technology Systems (BAKETECH), the US-based supplier of ovens and other related equipment to high speed bread and bun bakeries.
Kraft invests in Bournville, defends global split
Kraft has confirmed that it has chosen Cadbury’s site in Bournville as the site of a new chocolate centre to “drive new product development and new technologies” for chocolate brands....
Mayan group claims Kellogg’s legal action over toucan logo
A non-profit organisation that defends indigenous Mayan culture says Kellogg Company is taking legal action over its use of a toucan logo.
Can we expect more M&A in bakery? ‘Absolutely yes’, says Flowers Foods
Punishing rises in input costs, cautious consumers and a predicted rise in capital gains tax will drive further consolidation in the US bakery sector this year and next, packaged bakery...
United Biscuits break-up denied, source
Reports about the imminent break-up of United Biscuits (UB) are not true, said an industry source.
Sara Lee to part with dough in $545 million deal
Sara Lee has entered into an agreement to sell its North American branded refrigerated dough products business to Ralcorp Holdings and is also intending to divest its French refrigerated dough...
Diamond set to become world’s second biggest snack maker with Pringles buy
The Ukraine has followed US, UK and German authorities by OKing Diamond Foods €1.6bn takeover of the Pringles business from Procter & Gamble that will make it the second biggest...
Kraft Foods to split into two separate companies
Kraft Foods has said it intends to split into two companies, in a move that would create a global snacks powerhouse separate from its North American grocery business.
News in brief
Lees Foods hit by commodity prices
Scottish bakery group Lees Foods said it had been hit by high commodity costs in a July 28 trading update.
UK lagging behind US cereal market but momentum expected in Q3, says Kellogg
The UK breakfast cereal category remains challenging reports Kellogg, as it announces net sales growth of 11 per cent to $3.4bm for its Q2, but the snack and cereal maker...
Commodity costs: snack maker Snyder's-Lance issues profit warning
US snack group, Snyder's-Lance, has issued a profit warning, citing the impact of increasing commodity costs on the margins of its private label products.
Drop in frozen bread sales volumes hits Lantmännen Unibake's revenue
Lantmännen reports a decline in its Unibake’s operating revenue for Q2 citing factors such as a drop in sales volumes for frozen bread operations in Germany, the UK and Denmark,...
Higher raw material prices see AAK's profits climb
Edible oils and fats supplier, AAK, has reported its best ever second quarter, with the bakery industry remaining one of the Swedish ingredients company’s key targets for growth.
Record confectionery results drive Zetar’s profits
Record confectionery performance drove UK-based confectionery and snack foods firm Zetar to achieve adjusted profit before tax of £6.7m; up six percent for the year ended 30th April 2011.
Burton’s Foods strike action averted
The Bakers Food and Allied Workers Union (BFAWU) has called off scheduled strike action at Burton’s Foods Blackpool site, after the union agreed to further talks with company management.
Dunkin Donuts looks to raise $460m in IPO
Dunkin’ Donuts owner is expecting to raise around $460.6m in an initial public offering (IPO), according to its US Securities and Exchange Commission (SEC) filing yesterday.
AAK acquires US shortening maker, surprising market watchers
Fats and oils supplier AAK has acquired a US manufacturer of flaked shortenings for the bakery and food service industries, surprising some market analysts who believed the company’s strategy was...
News in brief
Border Biscuits invests £2.5m in plant
Border Biscuits is investing a further £2.5 million to increase manufacturing capabilities and plant capacity over the next 18 months as the Scottish biscuit maker targets a 50% turnover increase...
Warburtons slices prices to maintain market share
Despite rising wheat and energy prices, Warburtons says it was forced to keep a check on bread prices and increase promotions during 2010 to “maintain its market share”.
Agrana ups annual forecast after strong Q1 results
Bakery ingredients supplier Agrana has increased its 2011 forecast across all its segments following positive Q1 results.
Less waste with new bakery sales prediction tool, says supplier
A new technology for retail bakers can predict shop sales, thereby reducing wastage and improving ordering quality, says supplier RedBlack Software.
Holland’s Pies efficiency drive sees jobs cut
Holland’s Pies has confirmed that 10 manufacturing staff will leave the Accrington firm as it bids to become “more efficient and competitive in the marketplace”.
Market conditions in UK and Ireland still tough, notes Aryzta
UK and Ireland remain tough trading environments, claims Swiss bakery group Aryzta, as it reports a doubling in output volume arising out of its recent acquisitions.
