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Trends > Diversification

Diversification

Diversification

Companies are increasingly moving into new market areas in a bid to drive and grow business. It's a risk, particularly if knowledge in the new sector isn't as strong as competition, but it seems to be one worth taking...

Goodman Fielder’s major restructuring strategy; cuts 200 jobs

More than 200 jobs could be lost under restructuring plans by the Australian bakery giant.

Entrepreneur sees demand for bakery processing equipment following eCommerce Hub success

Entrepreneur George Spears, of ePurchasing Network (ePN), has created an eCommerce Hub for resellers (dealers) and distributors.

Three Squirrels expects to be incorporated after reporting net profit of over $29m

Rumor has been mounting over the last month that e-commerce snack brand in China, Three Squirrels, is planning to be incorporated in the near future, BakeryandSnacks learned from various sources.

Clover buys stake in Olive Pride; announces new JV

Publicly-listed Clover Industries has announced it has acquired a 51% stake in olive and olive oil supplier Olive Pride.

ProSweets 2017

Answering consumer's call: the reformulation tour

Exhibitors and visitors alike are gearing up for ProSweets Cologne 2017, taking place in Cologne, Germany from January 30 – February 2.

Startup Tracker

Fantasy Candies owner creates probiotic chocolate startup Blue Planet

Long-time candy maker and owner of the Ohio-based Fantasy Candies, Joel Fink, hopes to take probiotic chocolate to the national level through his new startup called Blue Planet Chocolate. 

Kellogg’s Pringles launches five new flavors under LOUD collection

Pringles has introduced potato chips range Pringles LOUD, featuring five new flavors, including fiery chilli lime.

J&J extends baked goods offerings with Hill & Valley acquisition

J&J Snack Foods Corp (J&J) has acquired Hill & Valley, a $45m manufacturer of a variety of pre-baked cakes, cookies, pies, muffins and other desserts located in Rock Island, Illinois....

Parker Products to triple its production facilities

Parker Products has broken ground for its new 90,000 square foot facility in Fort Worth, Texas.

‘Dunkable’ Mallow & Marsh secures Starbucks listings in the UK

UK’s premium marshmallow brand Mallow & Marsh has announced it will be available in over 800 Starbucks stores in the UK and will be promoted on the coffee chains mobile...

General Mills likely to be overtaken by 3G, analysts speculate

Brazilian multibillion-dollar investment firm, 3G Capital, is likely to target General Mills for its next acquisition move, after it helped Heinz take over Kraft Foods for $40bn alongside Warren Buffett-owned...

ADM sells stake in GrainCorp; completes revamp of Ukraine oilseed plant

Archer Daniels Midland Company (ADM) has sold its stake in GrainCorp Limited soon after separately reopening  its oilseed processing facility in Chornomorsk in the Ukraine.

Company's president Sabrina Peterson: Hydroponics would create a larger supply of organic ingredients, which, in turn, would lower the cost and make organic more accessible.

Pure Growth Organic’s president supports hydroponics

Co-founder and president of Pure Growth Organic, Sabrina Peterson, recently told BakerysandSnacks that she thinks “there is a lot of good” in hydroponics. 

Interpack preview 2017

Confectionery and bakery ‘snackertainment’ on the rise

With the latest trend for confectionery and bakery including videos and commercials to promote products, Germany’s top industry associations discuss ‘snackertainment’, energy-efficiency, packaging costs, vegan diets, halal, and industry 4.0,...

Novozymes to add 0.001 Euro cent to a kilo flour after increasing Fungamyl price

The global biological solutions firm, Novozymes, has announced a price increase of its Fungamyl products by up to 10%, which will add approximately 0.001 Euro cent to a kilo of flour.

IBIE 2016

Arla Foods Ingredients reduces egg whites by 50% with Nutrilac whey proteins

Arla Foods Ingredients launched 100% natural Nutrilac whey proteins that can reduce egg whites by 50% in bakery products during the recent IBIE in Las Vegas, Nevada, as consumer demand...

IBIE 2016

Answering the call for sugar reduction and clean label: Briess launches whole grain sweetener

Malt and ingredients company, Briess, was sampling pound cake with 50% of the added sugar reduced by its first whole grain nutritive sweetener, InnoSweet, during the recent IBIE in Las...

IBIE 2016

Firebird Artisan Mills set to expand gluten-free ancient grain business

Earlier data from Datamonitor showed that chia and quinoa led the field in US gluten-free product launches that contain ancient grains. It indicated that new US food launches containing ancient...

IBIE 2016

American Key Food Products partners with Kumamoto Company to bring ‘superfine’ rice flours

US ingredient distributor, American Key Food Products (AKPF), has brought “superfine” white and brown rice flours to the US gluten-free market through a new partnership with the Japanese company, Kumamoto...

Kellogg to acquire controlling stakeholder of Brazil’s Parati for $429m

Kellogg has entered an agreement to acquire Ritmo Investimentos, controlling shareholder of Brazilian food group Parati to expand its presence in global emerging markets.

SubConnection puts menu fatigue in the crosshairs with 10 bold bread flavors

SubConnection, a deli concept from Sodexo, a food and facilities management company in North America, is going bold this season by introducing a line of freshly baked, flavored breads. But...

Expo East 2016

I Won Organics continues to tap plant-based protein frenzy, expanding North America footprint

High protein is considered the second most important product claim by consumers who purchase better-for-you snacks, according to a recent Mintel survey sampling 993 internet users. 

Reading Bakery Systems on trend with cookie processing tech

Reading Bakery Systems (RBS) has added a cookie production line to its Science and Innovation Center in Reading, Pennsylvania, to complement its existing snack production line testing crackers, pretzels and...

Expo East 2016

Probiotics migrate from drink and yogurt chillers to the snack aisle

Probiotic is booming as an ingredient in the US market, particularly in the beverage category as companies target consumer interest in digestive and gut health. 

Siemens: F&B manufacturers are slow to embrace IoT and Industry 4.0 demands

Food and beverage (F&B) manufacturers are slow to meet the rising demand in digitalization and adapt their machines to customized packaging, according to Siemens.

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