Twinkie

Kellogg's cookie brands. Pic: Kellogg's

News in brief

Race for Kellogg’s cookie, fruit snacks businesses nearing the end

By Gill Hyslop

Twinkie-maker Hostess Brands and Ferrero are reportedly the frontrunners in the race to buy Kellogg’s Keebler, Famous Amos, Murray and Mother’s cookie businesses, as well Stretch Island fruit snacks business, in a roughly $1.5bn deal.

MarketsandMarkets projects the global frozen bakery market will reach $21.2bn by 2020. Pic: Melanie F Hardy

Bimbo acquires frozen bakery brand Panattiere

By Douglas Yu

Grupo Bimbo has acquired a Colombia-based frozen bakery firm, Panattiere, CEO Daniel Servitje announced during the recent financial results conference call.

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