Calavo Growers Names Former Finance Chief as New CEO
Calavo Growers, a prominent player in the US produce industry, has appointed its former finance chief, B. John Lindeman, as the new CEO. Lindeman will...
Tag : business news
Comvita’s Acquisition by Manuka Honey Rival Florenz Collapses
In a significant turn of events, the proposed takeover of Comvita by its competitor in the Manuka honey sector, Florenz, has failed to secure the...
Tayto Group Names Mike Hancox as Chief Executive Officer
Mike Hancox will succeed Fergal McCann, who is set to retire in January after a notable 13-year tenure with Tayto, first as finance director and...
Žito Acquires Zvijezda Food Group from Fortenova, Boosting Podravka’s Portfolio
Podravka-owned food group Žito has finalized a deal to acquire the Zvijezda businesses in Croatia and Slovenia from Fortenova. Croatia-headquartered Zvijezda Group, recognized for producing...
McCain Foods Expands Footprint with Acquisition of US Competitor Penobscot McCrum
McCain Foods, the Canadian leader in frozen potato products, has acquired US competitor Penobscot McCrum. Although financial terms remain undisclosed, this acquisition signifies a strategic...
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...
Grupo Bimbo Appoints Alejandro RodrÃguez Basto as CEO
Grupo Bimbo, a leading player in the bakery industry, has appointed Alejandro RodrÃguez 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....