Baker

Baking news in brief

Baking news in brief

UK beverage group Diageo has sold 49.9 million shares in US company
General Mills to reduce debt, while US-based Sara Lee is to shed 60
of its smallest businesses to invest in its leading brands.
Elsewhere, Spain has instigated a...

IBC closes Buffalo bakery

IBC closes Buffalo bakery

Interstate Bakeries Corporation (IBC) has continued its
cost-cutting programme with the closure of yet another bakery, in
Buffalo, New York. The closure, which will take place in October,
will see the loss of 200 jobs but will help...

Cirio sells bakery unit

Cirio sells bakery unit

Cirio, the Italian food group which went bankrupt in 2002, has
reached an agreement to sell its industrial bakery unit to a
family-owned group, a further step on the road to recovery.

Flowers buys Sara Lee plant

Flowers buys Sara Lee plant

Flowers Foods, the US baked goods producer, is to buy the
Houston-based bread and bun production facilities of compatriot
Sara Lee, including the rights to supply own label and foodservice
customers in the local market.

Good year for Hiestand

Good year for Hiestand

Swiss baked goods group Hiestand has reported strong increases in
both pre-tax and net profits for 2003 on the back of a double-digit
increase in sales, the first results from a new restructuring
programme designed to make the company...

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