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 ingredients supplier NutraCea has agreed to sell its cereal ingredients business and certain related equipment to Kerry Group as part of its restructuring strategy.
Dutch food group CSM has announced the acquisition of US based frozen bakery manufacturer Best Brands for $510m to strength its global position in the bakery supplies market.
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.
Over the last two years, Premier Foods has increased Hovis’s market share of the UK bread market by four percentage points up to 26.3 per cent, reports our sister publication Food Manufacture.
Baked good companies should look to discount chains, control distribution, develop a broad product portfolio, manage input costs and tap into newer markets in order to ensure resilience over the next five years, stresses a report on the European bakery...
