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January 28, 2020

Hometown Food Company appoints Ferrara veteran Tom Polke as CEO

Hometown Food Company, a US-based business owned by private-equity firm Brynwood Partners, has appointed a confectionery veteran as chief executive.

By Dean Best

Hometown Food Company, a US-based business owned by private-equity firm Brynwood Partners, has appointed confectionery veteran Tom Polke as its president and chief executive.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

Polke is joining Hometown Food from Ferrara Candy Co. where has served as chief integration officer and also president in a career spanning 16 years at the US company.

Hometown Food was created in 2018 by Greenwich, Connecticut-based Brynwood Partners to house the food assets acquired from J.M. Smucker. And last year, the business went on to purchase the Arrowhead Mills and Sunspire brands from another US peer Hain Celestial.   

The majority of products produced by Hometown Food are manufactured in two facilities in Toledo, Ohio, and in Hereford, Texas. The company employs almost 300 people.

“We are delighted to announce the addition of Tom Polke to the Hometown Food team,” said Henk Hartong, Brynwood Partners’ chairman and CEO. “Tom’s extensive background managing complex businesses in the food category will immediately benefit the business.” 

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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