Mergers And Acquisitions

 Pace Capital has acquired Bäckerhaus Veit, which specializes in artisanal European baked goods. Pic: ©GettyImages/Zolnierek

Private equity firm buys artisan bread baker

By Gill Hyslop

Private equity firm Swander Pace Capital has added to its growing portfolio of baked foods businesses with the acquisition of Canadian bakery Bäckerhaus Veit for an undisclosed amount.

PepsiCo has announced the acquisition of a UK brand it said it has coveted for a long time.

PepsiCo set to buy UK Pipers Crisps

By Gill Hyslop

The Walkers and Doritos maker has announced its intention to acquire the flourishing Lincolnshire business for an undisclosed sum.

Grupo Bimbo has successfully completed it voluntary redundancy program in an effort to create a leaner organization. Pic: Grupo Bimbo

‘Leaner’ Grupo Bimbo reports quarterly loss

By Gill Hyslop

Mexican bakery giant Grupo Bimbo reported a massive 87% second-quarter revenue decline after it took a 1,960m pesos ($105m) charge for a voluntary redundancy program to create a ‘lean organization design.’

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