Jones Village Bakery Launches New £20 Million Production Line
The recently installed production line, which took 14 months to complete, has successfully doubled the company’s roll-making capacity. Moreover, it is projected to generate 60...
Tag : business news
Grupo Bimbo Appoints Alejandro Rodríguez Basto as CEO
Grupo Bimbo, a leading player in the bakery industry, has appointed Alejandro Rodríguez Bas as its new CEO, following the resignation of Rafael Pamias Romero....
Doughlicious Receives Investment from Bain-Backed Fund
UK cookie dough producer Doughlicious has secured a significant investment from a Bain & Company venture fund. The specifics, including the size of the investment,...
PepsiCo to Shut Down Another Frito-Lay Facility in the U.S.
PepsiCo has officially announced plans to close its Frito-Lay plant in Orlando. This closure marks yet another in a series of facility shutdowns by the...
Hormel Foods to Eliminate 250 Positions as Part of Restructuring Efforts
Hormel Foods plans to eliminate 250 positions as part of a corporate restructuring process, which will involve a combination of voluntary early retirements and layoffs....
Ferrara Holding Company Completes Acquisition of French Confectioner CPK
A European holding company for Ferrara Candy Company has finalized the acquisition of the French sweets maker CPK Group from investment firm Eurazeo. In its...
Windel Group Purchases The Chocolate Family
Germany’s Windel Group is strategically expanding its Belgian chocolates portfolio by acquiring The Chocolate Family (TCF). While the financial terms of this transaction remain undisclosed,...
Heritage Foods Set to Acquire Majority Stake in Get-A-Way Parent Company
Heritage Foods has finalized an agreement to acquire a controlling interest in Peanutbutter and Jelly, the company behind the distinguished Get-A-Way dessert brand.According to a...
Hormel Foods to Divest Justin’s Brand
Hormel Foods is strategically spinning off its Justin’s brand of nut butters and chocolate snacks through a partnership with Forward Consumer Partners. This transaction, anticipated...
Bakkavor and Greencore Executives Stay Optimistic Despite CMA Worries
The UK’s competition watchdog has indicated that the £2.1 billion acquisition of Bakkavor by Greencore is likely to “substantially” reduce competition in the supply of...