Category Archives: Companies

ADM, Bunge Talks Advancing Quickly

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Archer-Daniels-Midland Co. is in advanced talks to acquire commodity trader Bunge Ltd., accelerating the pace of consolidation in the global grain-trading industry, according to people familiar with the matter. ADM and Bunge, which has a market value of about $11.5 billion, could reach an agreement as early as this week, the people said, asking not to be identified because the… Read more »

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Lesaffre Yeast Corporation Opens New Baking Ingredients Blending Plant

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Saf-Pro® Ingredients to bring complete line of baking ingredient blends  to North American bakers. With participation from customers, suppliers, public officials, and Lesaffre’s CEO Antoine Baule, Lesaffre formally opened its state-of-the-art blending facility in Cedar Rapids, Iowa today with a ribbon-cutting ceremony. The plant will immediately begin producing enzyme blends, concentrates, natural mold inhibitors, and dough improvers under the Saf-Pro®… Read more »

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ADM Expands Range of Vanilla Capabilities with Agreement to Acquire Rodelle

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Acquisition includes equity stake in farmer cooperative in Madagascar, part of the most extensive vertically integrated supply chain in the vanilla industry Archer Daniels Midland Company (NYSE: ADM) announced today that it has reached an agreement to acquire Rodelle Inc., a premium originator, processor and supplier of vanilla products. Rodelle, founded in 1936 and based in Fort Collins, Colorado, originates,… Read more »

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Teaming up with Hershey to eradicate child labor

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Monitoring the cocoa farmer communities from whom we source from on cases of the worst forms of child labor, is one example of how Barry Callebaut aims to eradicate child labor. Combining our efforts with our customers increases our impact. Barry Callebaut and The Hershey Company (“Hershey”) committed to address community needs and implement child labor monitoring and remediation with… Read more »

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Lindt & Sprüngli invests $201m to expand US chocolate plant

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Chocolate producer Lindt & Sprüngli has announced that it will invest CHF 200 million ($201 million) to expand its chocolate production facility in Stratham, New Hampshire. New “high-tech” production lines will be added at the plant over the next four years, which will create cocoa and chocolate mass for its premium chocolate products. Lindt & Sprüngli has approved the upgrade… Read more »

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EU Court Sends the KitKat Case Back to Trademark Office

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The European Court of Justice has thrown out an appeal by the chocolate bar’s maker, Nestlé, which argued that it owns the shape of the teatime treat. Nestlé has spent more than a decade fighting to trademark the four-fingered wafer shape – something that rival Cadbury had fought hard against. A long-running legal battle was sent back to the EU’s… Read more »

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Kohlberg & Company has completed its acquisition of Tyson Foods’ frozen bakery business, including the Sara Lee, Van’s, Chef Pierre and Bistro Collection brands. The new business will encompass all four brands and be called Sara Lee Frozen Bakery. Sara Lee Frozen Bakery will be based in Oakbrook Terrace and continue operations at two manufacturing facilities in Traverse City, Mich.,… Read more »

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ADM, Aston launch joint venture

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Archer Daniels Midland Co. (ADM) and Russia-based Aston Foods and Food Ingredients have successfully received all required regulatory approvals and launched their 50-50 joint venture to provide sweeteners and starches to customers in Russia. Aston is one of Russia’s largest agricultural and food ingredients businesses, with activities in farming, oilseeds crushing, edible oils and grain origination, in addition to its… Read more »

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Nestlé plans to slash 500 IT jobs in Switzerland

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Food giant Nestlé is planning to cut about 500 information technology (IT) jobs in Switzerland as part of the re-organization of its global IT activities. The company unveiled plans for re-organizing parts of its IT activities to benefit from its existing technology hub in Spain and other locations. Nestlé said none of its production sites in Switzerland will be affected… Read more »

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Bimbo Bakeries USA launches organic bread line

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Bimbo Bakeries USA has introduced a new organic line of bread under the Arnold, Brownberry and Oroweat brands. According to the Organic Trade Association’s 2017 Organic Industry Survey, organic bread ranks as the sixth largest organic category, and with consumer demand for more organic options at an all-time high, Arnold, Brownberry and Oroweat Organics Bread will offer consumers a better-for-you… Read more »

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