Norwegian conglomerate Orkla has signed an agreement to acquire 70% stake in Broer Bakkerijgrondstoffen to expand its presence in the Netherlands. Broer is a manufacturer of almond paste, bakery ingredients and ice cream powder. Orkla ...
Australia based private equity investment firm Pacific Equity Partners (PEP) has agreed to acquire Kerry Pinnacle, the Australian subsidiary of British baked goods firm Kerry Group. Reuters reported citing a person with knowledge of ...
Tags: baked goods, Kerry Group
New 53XL80 thermal transfer coder helps bakery ingredients supplier to improve traceability and fulfil 24-hour production When supplier of dry premixed ingredients to the bakery industry, Puratos, needed to further improve traceability ...
Tags: bakery ingredients
RPC Kerkrade has developed new user-friendly polypropylene bottles for Dreidoppel, a German manufacturer of bakery, confectionery and ice cream ingredients. The extrusion blow molded packaging manufacturer has created the bottles in two ...
Tags: Packaging, Printing, Polypropylene Bottles, Bottle
Bakery ingredients firm British Bakels is splashing out 2.5M on new plant, equipment and premises at its Bicester site, bosses have revealed. Bakels’ investment programme includes this new tumble mixing system, supplied by Matcon, ...
Tags: Ingredients Firm, Food
Japanese trading firm Mitsubishi has agreed to acquire Kirin Kyowa Foods (KKF), a food flavors manufacturing subsidiary of Kirin Holdings, for JPY30.5bn ($321m). Kirin Kyowa Foods produces a variety of ingredients and flavour enhancing ...
Tags: Mitsubishi, Kirin Kyowa Foods, KKF, food
Associated British Foods has forecast flat revenue from its grocery division in the first half of its fiscal year amid challenging conditions in bread markets in the UK and Australia. ABF, which owns the Kingsmill bread brand in the UK ...
Tags: ABF, flat revenue, grocery division
UK-based Premier Foods plans to shut down its Glasgow flour mill by the end of the first quarter of 2013,in response to low milling volumes. The closure of the facility is expected to lead to a loss of 15 jobs.This decision comes after ...
Tags: Premier Foods, shut down Glasgow flour milling facility
UK bakery and ingredients firm The Real Good Food Co. has booked a drop in half-year profits, despite rising revenues. The sugar-to-dessert company said profit for the six months to end September dipped to GBP1m (US$161.9m), down from ...
Tags: Real Good Food, profits drop, rising revenues, company news
UK sugar-to-dessert group Real Good Food Company has booked a 62% increase in EBITDA on strong sales gains. EBITDA for the 15 months to 31 March rose to GBP9.1m (US$14.3m) on sales that increased from GBP249m to GBP305.5m. Key trading ...
Tags: Real Good Food, sales gains, increase, company news
Shares in Dutch food group CSM closed up today (8 August) after the company reported half-year profits that beat analyst forecasts and it provided an update on the planned sale of its bakery business. CSM shares finished 3.05% higher on ...
Tags: Dutch food, bakery businesses, net sales
Associated British Foods today (10 September) revealed it had taken an impairment charge of A$150m (US$155m) on its Australian meat business as it battles "difficult" trading conditions in the market. The UK-listed group announced the ...
Tags: Australia, ABF, impairment charge, meat business
Dutch food ingredients firm CSM has developed a new bread ingredients technology, which is said to lower rework and waste during production, to generate cost savings of nearly 10%. CSM said that the Dough Control Technology (DCT), which ...