The owners of Unifine Food & Bake Ingredients are seeking a buyer for the pastry ingredients supplier, with Royal Cosun saying it has retained an investment house to conduct a “comprehensive review of all strategic options.”
Canadian baked goods and meat producer Maple Leaf Foods, has attributed its 2 per cent rise in adjusted operating earnings in the third quarter of this year to the higher costs of grains and meat proteins.
New research from Euromonitor suggests a moderate but sustained increase in wheat and corn commodity prices from now until 2015 but the analysts predict that manufacturers focusing on premium and private label lines will offset rising input costs.
FMC Biopolymer has said it intends to raise prices of its microcrystalline cellulose (MCC) and carrageenan-based products by up to 15 percent due to continued supply/demand imbalance for raw materials.
Lotus Bakeries is boosting capacity and installing new lines in its biscuit and cake facilities in Belgium, a €27m scale up in production that it said is to meet the hike in demand for its caramelized biscuit brand following successful entry into Swedish...
In a move that has caught market analysts by surprise, UK based snack and biscuit maker, United Biscuits, is reportedly close to a deal with leading Chinese food group Bright Food in terms of a buy out.