Bakery survey shows consumer behavior has changed
Dec 1, 2022 · Rich Products said it launched its ongoing consumer sentiment tracking study in 2020 to monitor changes in shopper preferences and fresh bakery purchasing behaviors across retail, foodservice and e-commerce channels. To date, the company has run 12 stages of the survey with 300 participants each. In addition, the company conducted several ...
Rise Baking to acquire Brill | 2021-06-23 | Baking Business News
Jun 23, 2021 · ATLANTA — Rise Baking Co. has reached an agreement to acquire Brill Inc. from Baker & Baker Group Ltd., a portfolio company of Rhône. Financial terms of the transaction were not disclosed. Headquartered in Atlanta, Brill Inc. specializes in cakes, cookies, muffins, icings, glazes and toppings, with a nationwide footprint and distribution network across the United States, servicing retail ...
Weston Foods finds buyer | 2021-10-26 | Baking Business
Oct 26, 2021 · TORONTO — FGF Brands Inc., which describes itself as “a technology company that bakes,” has reached an agreement to acquire the Weston Foods fresh and frozen bakery businesses of George Weston Ltd. for $1.2 billion. The purchase price represents approximately a 10x multiple on the 2021 estimated EBITDA of the …
Sunrise Flour Mill partners with CEAD Farms | Baking Business
05.21.2024. By John Reidy. SEIBERT, COLO. — Sunrise Flour Mill, LLC, a farmer-owned organic heritage wheat flour miller, has entered a strategic partnership with CEAD Farms LLC to ensure a secure and sustainable supply of premium organic wheat to meet growing demand. CEAD Farms is a fifth-generation organic farm based in Seibert with farmland ...
One Rock Capital acquires stake in Lewis Bakeries
Oct 7, 2024 · NEW YORK — An affiliate of private equity firm One Rock Capital Partners LLC has acquired an ownership interest in bread and baked foods manufacturer Lewis Brothers Bakeries Inc. Financial terms of the transaction, announced Oct. 7, weren’t disclosed. Based in Evansville, Ind., Lewis Bakeries makes bread in full and half loaves as well as ...
Slideshow: Bimbo Bakeries USA's year of innovation
Jan 1, 2024 · Slideshow: Bimbo Bakeries USA's year of innovation. KANSAS CITY — Bimbo Bakeries USA (BBU), a subsidiary of Grupo Bimbo SAB de CV, has had a busy year introducing new products across its various baked foods brands. After generating “historic results” in 2022, Grupo Bimbo continued with that trend, generating strong growth throughout 2023.
Rubicon Bakers is ready for its mission to be heard
Apr 5, 2024 · Rubicon Bakers is committed to transforming its local community and redefining how the baking industry operates. Based in Richmond, Calif., the bakery began in 1993 as part of Rubicon Programs, a local nonprofit helping disadvantaged populations transition to employment. The bakery found success making cakes and pies through the program, but ...
Bimbo to restructure its N. American business
Feb 20, 2024 · MEXICO CITY — In the wake of announcing the closing of a baking plant in New Mexico, Grupo Bimbo SAB de CV said it is planning a restructuring of its North American businesses. Brief comments about the restructuring were shared Feb. 19 in a call with investment analysts in connection with the release of Bimbo’s financial results for the ...
Franz Bakery elevates Nisbet to CEO | Baking Business
01.11.2024. By Eric Schroeder. PORTLAND, ORE. — Kim Nisbet has been promoted to chief executive officer of United States Bakery, (DBA) Franz Bakery. She succeeds Bob Albers, who has retired following a 48-year career with the company. Albers will remain with the company as chairman of the board. Nisbet has been with Franz for the past 34 ...
Legal settlement drags down Flowers Foods | Baking Business
Nov 10, 2023 · In the 40 weeks ended Oct. 7, Flowers net income was $87.74 million, or 41¢ per share, down 51% from $179.8 million, or 84¢ per share, a year earlier. Sales were $3.96 billion, up 6.4% from $3.72 billion. Business Baking Manufacturers Flowers Foods Bread Grain-based Corporate Strategy Financial Performance.