28 February 2014
Maple Leaf Foods CEO Michael McCain is looking to 2014 with optimism after the Canadian food group saw profits fall in 2013 amid the cost of revamping its plant network, higher input costs and lower sales.
21 February 2014
Grupo Bimbo, the world's largest baker, has booked a doubling of net profit in 2013, boosted by improved operating margins and a lower tax rate.
17 February 2014
Grupo Bimbo's acquisition of Canada Bread builds on a number of recent deals aimed at strengthening the Mexican baker's hand in North America, consolidates the group's position as the world's largest baked goods provider and increases its exposure to higher margin premium branded sales. Katy Askew reports.
12 February 2014
Mexican baker Grupo Bimbo has entered into an agreement to acquire Canada Bread, the bakery business majority-owned by Canadian food group Maple Leaf Foods.
5 February 2014
Grupo Bimbo has confirmed it is to close its bakery in Sioux City in the US, a move that will affect 64 members of staff.
21 November 2013
Grupo Bimbo and Flowers Foods are said to be among early bidders for Canada Bread, the bakery business majority-owned by Canadian food group Maple Leaf Foods.
25 October 2013
Maple Leaf Foods is reported to have approached a number of firms, including Mexico's Grupo Bimbo, over the purchase of its controlling stake in Canada Bread.
9 October 2013
Mexico-based baker Grupo Bimbo is to expand one of its plants in Spain as part of plans to "modernise" its operations in Iberia.
18 September 2013
Grupo Bimbo has confirmed plans to close its Elk Grove bakery in Pennsylvania.
15 August 2013
Grupo Bimbo, the Mexican bakery giant, is to close a plant in the US, as it builds a new facility 30 miles away.
13 August 2013
US baker Flowers Foods saw its earnings and sales climb in the first half, boosted by gains from recent acquisitions.
1 July 2013
Swiss industrial chocolate maker Barry Callebaut plans to expand its customer base in Mexico, having invested CHF45m (US$47.6m) to ramp up production capacity in the country.
17 May 2013
US baker Flowers Foods has said it is "confident" its snack cake business will continue to thrive even as the new-look Hostess Brands returns to the market, with products including Twinkies.
16 May 2013
US baker Flowers Foods recorded an increase in earnings in the first quarter driven by gains from a recent acquisition.
1 May 2013
A higher tax bill hit Grupo Bimbo's bottom line in the first quarter of the year but the Mexico-based bakery giant reported an increased operating profit.
20 March 2013
Hostess Brands has received court approval to proceed with the sale of a swathe of brands, including Twinkies and Wonder Bread, in a series of deals worth around US$800m.
15 March 2013
Privately-owned US group McKee Foods looks set to be the latest buyer of assets from bakery giant Hostess Brands.
12 March 2013
Private-equity firms Metropoulos & Co. and Apollo Global Management have acquired the snack cake business of Hostess Brands.
11 March 2013
Hostess Brands creditor Silver Point Capital and hedge fund Hurst Capital are understood to be interested in buying some of the US baker's snack cake brands, including Twinkies.
4 March 2013
The fall-out from the horsemeat contamination continued last week, with Tesco outlining plans to shake up its supply chain and source meat from the UK. Elsewhere, UK free-from firm Genius Foods bought out venture partner Finsbury Food Group and, in the US, more buyers were found for Hostess Brands' assets. Click on the headlines for more.
1 March 2013
Flowers Foods won through in its bid to acquire the majority of Hostess Brands' bread units, including Wonder, but was outbid for the Beefsteak business by rival baker Grupo Bimbo.
8 February 2013
US baker Flowers Foods has expanded its market share in the wake of Hostess Brands' move to wind down its operations.
31 January 2013
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.
31 January 2013
Since selling its consumer units over the last few years, business-to-business chocolate maker Barry Callebaut has been treading a new path focused on its "core" business with industrial and artisanal customers. Michelle Russell caught up with Barry Callebaut marketing director for Western Europe, Sofie De Lathouwer at this year's ISM confectionery show in Cologne to find out more about its strategy for growth.
15 January 2013
Flowers Foods showed its hand when it emerged as the "stalking horse" bidder for parts of Hostess Brands' bread business, notably the Wonder and Nature's Pride brands. While the deal is not yet in the bag, Flowers has clearly emerged as the front-runner to snap up a significant chunk of Hostess' bread interests. Katy Askew takes a look at the impact the potential acquisition could have on Flowers.
15 January 2013
Bimbo Bakeries, the US unit of Mexico's Grupo Bimbo, is to invest US$75m in the construction of a second production facility in Lehigh Valley, Philadelphia.
3 January 2013
The sale of Hostess Brands will most likely result in a break-up of the company, a spokesperson for the group told just-food.
12 November 2012
A raft of quarterly results hit the just-food newsdesk this week, with the likes of Morrisons, Associatied British Foods and Marks and Spencer all revealing figures for the last three months. Morrisons spoke about its need to strengthen its marketing message and promotional mechanics, while ABF insisted its grocery business after profits fell in the last 12 months. just-food's latest exclusive interviews included chats with executives Spain's Campofrio and Swiss dairy group Emmi.
9 November 2012
US baker Flowers Foods has reported a slight lift in third-quarter earnings, which were boosted by "solid" sales gains.
7 November 2012
Swiss chocolate maker Barry Callebaut insisted it is "confident" on the outlook for the coming fiscal year after investments weighed on the group's bottom line.