Tag: Baking & Baked Goods

EG group diversifies into bakery manufacturing with acquisition of Cooplands bakery chain

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UK – British retailer and operator of fast food outlets and petrol station Euro Garages (EG) has acquired baked goods manufacturer and retail bakery chain Cooplands for an undisclosed sum.  Founded by Frederick and Alice Coopland in 1885, Cooplands employs more than 1,600 colleagues and reportedly is the UK’s second-largest bakery chain.  The purchase includes three bakeries that process ingredients and manufactures fresh food which is distributed through its supply chain and logistics network to about 180 stores and cafes.  Following the acquisition, EG plans to diversify the Cooplands brand into the…

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Kenyan food processor SimpliFine enters baked goods market following acquisition of Ennsvalley Bakery

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KENYA – SimpliFine, a food production company offering fresh, locally-sourced meat, vegetables, baked goods, and other foods to restaurants, hotels, and retailers across East Africa has completed the acquisition of Kenyan based Ennsvalley Bakery.  SimpliFine has taken full ownership of the premium baked goods manufacturer Ennsvalley, from Kenya’s leading milling company, Unga Group, in a deal that was entered through its cold chain logistic firm BigCold. With the acquisition, SimpliFine is set to inject US$500,000 worth of investment in the next six months into the operations. The investment is earmarked…

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Egyptian food manufacturing giant Domty is on expansion spree, earmarks US$2.95m investment in new facilities

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EGYPT – The Arabian Food Industries Co, an Egyptian food and beverage company popularly known as Domty is seeking to enter the croissant market, as it has signed an agreement to acquire a processing line from AMF, a US-based provider of bakery equipment solutions. The company has also inked another contract with AMF to supply it with a fourth line for baked goods production, with both investments set to total to 2.5 million euros (US$2.95m). Currently at its three bakery production facilities, Domty is operating with a capacity of 90…

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Corbion unveils expands Pristine range with new dough conditioners that reduces need for gluten

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NETHERLANDS — Amsterdam, Netherlands-based global ingredients leader Corbion is expanding its Pristine range of dough improvers with the launch of a new consumer-friendly dough strengthening solution that helps bakers bake more efficiently.  According to a statement from the company, the new Pristine 3000 allows bakers to overcome quality hurdles such as wheat protein inconsistencies and high-speed processing without relying on gluten supplementation and other artificial systems like DATEM (diacetyl tartaric acid ester of monoglycerides).  Removing the need for wheat gluten is cost-effective for bakers as supplementation often subjects bakers to volatile pricing which they…

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SIO acquires Sara Lee desserts and baked foods business in Australia

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AUSTRALIA — New Zealand-based investor group South Island Office (SIO) has reached an agreement to acquire the Sara Lee desserts and baked foods business in Australia from McCain Foods (Aust) Pty. Ltd.  Once completed, the transaction will combine Sara Lee with Christchurch-based baking company Original Foods Baking Co., which SIO acquired in February.  McCain acquired the Sara Lee business from Hillshire Brands Co. in 2013 for approximately $85 million. as a way  to expand its range of products across desserts, meals and snacking occasions.   As part of its strategy to grow the Sara Lee business, McCain named Mark Mackaness as a dedicated general…

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Aryzta continues business simplication with sales of Brazil Unit as Harlan Bakeries acquires AmeriQual

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BRAZIL – Switzerland-based international baking company Aryzta has agreed to divest its Brazil businesses to Grupo Bimbo in its latest move to simplify its operations.  “The successful sale of the Brazil businesses is a further positive step in the delivery of our strategy to rebuild Aryzta’s leadership in bakery in Europe and Asia,” said Aryzta chairman Urs Jordi, who has also been serving as the company’s interim CEO since the end of last year.    “Aryzta’s disposal programme since September has exceeded expectations in all regards and accelerates the group’s journey to financial stability.”  As part of…

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Kenyan biscuit maker Britania sits on pins and needles of accrued debts

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KENYA – Britania Foods Limited, which was once a behemoth in the Kenyan biscuit market, has been put under administration in a bid to craft a strategy to settle its debt of more than Ksh 1.3 billion (US$11m) provided by suppliers and creditors. The move has been orchestrated by audit firm PKF Consulting Ltd who has in turn appointed Peter Kahi as administrator of the company, acting on behalf of DTB bank which is owed millions of shillings by the manufacturer. Following the changes, all operational matters relating to Britania…

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Egyptian snacks manufacturer Edita Food cements leadership position in bakery segment with launch of new facility

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EGYPT – Edita Food Industries, Egyptian leader in packaged snack food market, is seeking to construct a new bakery production line. The new production line, which will be housed at Edita’s E07 facility, comes at an investment cost of EGP 135 million and is expected to be operational by February 2022. It is set to expand Edita’s bakery annual production capacity by 11,000 tons, allowing the company to meet the growing demand for its Molto products while further cementing its leadership position in this attractive market. The strong and rising…

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Grupo Bimbo posts strong Q2 results, sells AI-focused subsidiary to Mekitec

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MEXICO – Mexican multinational baking company Grupo Bimbo has reported strong Q2 results where net sales grew 6.6% driven volume growth in multiple categories, mainly snacks, confectionery, buns and rolls, and pastries.  During the quarter ending June 30th, Grupo Bimbo generated record profits while boosting return on equity by 280 basis points.  Regionally, the company’s North American business remained resilient amid a pandemic and managed to deliver sales growth of 0.9% buoyed by a strong delivery of the group’s branded business led by sweet baked goods, buns and rolls, and snacks.  In Mexico, sales rose 14.7%, attributable…

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Unga Holdings seeks to offload assets of bakery unit to cold chain logistic firm BigCold

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KENYA – Unga Group, a Kenyan-based holding company with investments in flour milling and manufacturing of human nutrition products and animal feeds has entered into an asset purchase agreement with Bigcold Kenya Limited for its subsidiary Ennsvalley Bakery Limited, as it seeks to cut costs and improve efficiency. The leading milling and baked goods company has indicated that the transaction is subject to meeting certain conditions prior to completion. “Following discussion, BigCold Kenya Limited and Ennsvalley Bakery Limited have entered into an asset purchase agreement on July 26, under which,…

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