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March 25, 2020

Rise Baking Company buys Dawn Foods frozen division

Rise Baking Company, the US-based biscuits and flatbread maker, plans to purchase the frozen bakery division of a local ingredients business.

By Dean Best

Rise Baking Company, the US-based biscuits and flatbread maker, has entered an agreement to purchase the frozen bakery division of ingredients supplier Dawn Foods.

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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
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Owned by private-equity firm Olympus Partners, Minneapolis-based Rise Baking supplies retail and foodservice channels across North America. The deal will see it take ownership of Dawn Foods frozen plants in York, Pennsylvania, Atlanta in Georgia, Mantenoin in Illinois, and Mexico in Missouri. All employees at those sites will transfer over to the new owner. 

Mike Schultz, the chief executive of Rise Baking, said: “The Dawn frozen bakery division is a perfect fit for Rise as we look to bring additional products and innovation to the marketplace. We look forward to welcoming our new teammates to Rise Baking.”

Dawn Foods is disposing of the business to concentrate resources on its key product area, ingredients. No financial details were disclosed.

“As we prepare for the next 100 years, our ingredients business, which has been the foundation for Dawn’s growth, is at the centre of our long-term strategy,” said CEO Carrie Jones-Barber. “The sale of our frozen manufacturing business in North America to Rise Baking Company is the right move for Dawn and enables us to continue to leverage our insights to develop groundbreaking bakery ingredient innovations and invest in our ingredient plants and digital future. 

“For some time, the frozen bakery market has been consolidating and this sale gives our frozen business and team members a new home at a company where frozen bakery is the focus.”

On completion of the agreement, Rise Baking said its portfolio will now include cakes, muffins, croissants, and cinnamon rolls produced across 11 facilities in the US and Canada.  

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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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