Swiss food group Aryzta announced today that it has bought two US bakery companies in separate deals worth a combined $1.08bn as a trading statement for the the nine months to the end of April show its sales in the period were down almost nine per cent.
Recent acquisition activity in the bakery ingredients supply industry involving Dutch firm Sonneveld being bought out by Orkla Food Ingredients may signal a flurry of similar takeovers and could mean price benefits for bakers, claims a market analyst.
The bakery and confectionary division of Vivartia, Greece's largest food production company, is being bought by a group led by Saudi Arabia's Olayan in a move that is claimed will reduce the firm’s exposure to risk in a turbulent Greek economic...
Planning permission has been secured for a site modernisation project at privately owned Frank Roberts & Sons’ Rudheath bakery in Northwich, Cheshire in the UK, reports our sister site Food Manufacture.
Swiss bakery group Aryzta had a decline in revenue of 7.4 per cent, which translated as €800.9m in the first half of 2009, with consumer and customer limited spending power cited as the chief factor for the decrease.
Improved sales and earnings performance within the baking and snacks division of the Campbell Soup for the fiscal year 2010 were due to favourable currency impact and margin growth in both Pepperidge Farm and Arnott’s, said the US company.
Rice bran and baby cereal specialist NutraCea is cutting 17 per cent of its US work force, a move the company claims will save $1m annually in its process of reducing its overheads under Chapter 11 bankruptcy.
A suspected cartel in the flour industry in the Netherlands is the subject of an investigation by the Dutch competition authority (NMa), with the spotlight being placed on the practice of both domestic and foreign players in the sector.