Maple Leaf Foods, a Canada-based meats and baked goods producer, has launched an auction for its bakery business, which includes 90%-owned Canada Bread. Canada Bread is a manufacturer bread, rolls, bagels and sweet goods, specialty pasta ...
Tags: Agriculture, Food, Bread
City analysts remain doubtful about media reports speculating Premier Foods is considering selling its Hovis brand to the world's biggest baker Grupo Bimbo. Panmure Gordon was sceptical about rumours suggesting Grupo Bimbo will acquire ...
Tags: Agriculture, Food
Bimbo Bakeries USA is planning to close its facility in Easton, Pennsylvania, as part of its plan to shift the production to a new facility in the neighbouring county. The closure is expected to lead to a loss of 78 jobs. The phase out at ...
Tags: Bimbo Bakeries
Hostess Brands, a US-based bankrupt producer of bakery products, has attained US Bankruptcy Court approval to sell its Drake's snack cake brand as well as four of its northwest regional bread brands in separate transactions that are ...
Bimbo Bakeries USA, the American arm of Mexican baking company Grupo Bimbo, has acquired the Beefsteak bread brand from Hostess Brands, the US-based bankrupt producer of bakery products, for $31.9m. The Beefsteak brand has been acquired ...
Tags: Bimbo, Hostess'Beefsteak Bread, Food
The Woolmark Company anticipates its Out of Vietnam project will generate growth in the Vietnam wool processing industry, resulting in increased demand for Australian Merino wool. The Out of Vietnam project is working towards developing a ...
Tags: wool, wool processing industry, Merino Wool
US snack food manufacturer McKee Foods has been selected as the leading stalking horse bidder to acquire Hostess Brands' Drake's snack cake business for $27.5m. Hostess Brands stated that the deal will be presented to the US Bankruptcy ...
Tags: Mckee Foods, Drake's Snack Cake, Food
US-based baking company Flower Foods has acquired the perpetual, exclusive, and royalty-free licenses to the Sara Lee and Earthgrains brands for sliced breads, buns, and rolls in California from Grupo Bimbo's subsidiary BBU for an ...
Tags: baking company, Flower Foods, Sara Lee, Earthgrains brands
Bimbo Bakeries USA, the American arm of Mexican baking company Grupo Bimbo, is voluntarily recalling its bakery products across the US due to the possible presence of flexible wire. According to the company, the fault has been caused due ...
Flowers Foods has expanded its market share in the wake of Hostess Brands move to wind down its operations. The US baker has been named the "stalking horse" bidder for the majority of Hostess Brands' bread business. While the assets will ...
Tags: Flowers Foods, bread business, Flowers
US baker Flowers Foods has delayed issuing guidance for 2013 until the outcome of its attempt to buy various assets, including bread operations from Hostess Brands, is clear. The company has been named the "stalking horse" bidder for ...
A consortium of two private-equity firms has emerged as the lead bidder for the majority of Hostess Brands' cake business, including the Twinkies brand. Apollo Global Management and Metropoulos submitted a US$410m offer for the Hostess ...
Hostess Brands has named McKee Foods and United States Bakery as the stalking horse bidders for its Drake's cake business and various bread brands. In a statement released late yesterday (28 January), Hostess said that McKee Foods has ...
Tags: Hostess Brands, McKee Foods, Horse Bidders
Wal-Mart Stores, Kroger, Alpha Baking and Grupo Bimbo are seeking to acquire the assets that are being divested by Hostess Brands, the bankrupt producer of bakery products. The auction has attracted about 24 bidders. While some bidders ...
Tags: Wal-Mart, Hostess Brands'Assets
US baker Flowers Foods has reported a slight lift in third-quarter earnings, which were boosted by "solid" sales gains. In a regulatory filing yesterday (8 November) the company said net income rose to US$31.2m in the three months to 6 ...
Tags: baker Flowers, Flowers Foods, Flowers, Foods