Manufacturers

Grupo Bimbo has finalized the acquisition of US bun producer East Balt Bakeries and formed a new division, Bimbo QSR, to focus on the quick service restaurant sector. Pic: ©iStock/firstwavemedia

Grupo Bimbo finalizes East Balt deal to form Bimbo QSR

By Gill Hyslop

Grupo Bimbo has completed the integration of East Balt Bakeries, opening a new division that will boost the Mexican bakery giant’s global growth strategy in ‘high-potential’ markets and sectors.

Twinkies maker Hostess Brands has announced its CEO Bill Toler will be retiring next year. Pic: Hostess

Hostess Brands’ CEO to retire

By Gill Hyslop

Bill Toler, president and CEO of Twinkies producer Hostess Brands, has informed the Board of Directors that he plans to retire in March 2018.

LT Foods JV to ‘create’ rice-based snacks category

India

LT Foods JV to ‘create’ rice-based snacks

By RJ Whitehead

Basmati rice manufacturer LT Foods will launch premium rice-based snacks through a joint venture with Kameda Seika of Japan, under the brand name Kari Kari.