Adam Foods to buy Panrico bread assets from Bimbo
Spanish food maker Adam Foods has reached an agreement to acquire certain Panrico assets in Spain, Portugal and Andorra from Mexican baker Grupo Bimbo.
Panrico
Food industry quotes of the week – Unilever, Hain Celestial
Unilever was among the companies issuing second-quarter results this week - and, after a period of higher food revenues, said it is making targeted efforts to grow the business. Elsewhere Hain Celestial acquired Europe plant-based food and beverage maker Mona Group. just-food also interviewed Seabrook Crisps CEO Jonathan Bye about the management buy-out at the UK crisp firm and to US start-up Flapjacked's co-founder David Bacon about its ambitions.
Bimbo predicts 70% sales jump in Europe post-Panrico buy
Mexican baker Grupo Bimbo is banking on last month's acquisition of a clutch of assets from Spanish bakery group Panrico to propel its growth in Europe over the next three years.
Food industry news of the week – Ferrero & Thorntons, JBS & Moy Park
This week has been bumper for food sector M&A. Ferrero announced that it is gobbling up UK chocolate maker Thorntons. JBS is taking control of Moy Park from heavily indebted Brazilian meat group Marfrig. Grupo Bimbo also announced it has purchased parts of Spanish baker Panrico. Meanwhile, in the world of retail, Delhaize and Ahold revealed plans to combine. Here is just-food's top news and insight coverage from this week.
UPDATE: Bimbo confirms deal for Panrico
Grupo Bimbo today (22 June) confirmed it has struck an agreement to buy parts of Spanish bakery company Panrico.
Bimbo “to buy Spanish baker Panrico”
Mexican bakery giant Grupo Bimbo has reportedly struck a deal to buy Spanish company Panrico. A report by Spanish business publication Expansion, published today (22 June) said Bimbo had signed…
SPAIN: Panrico strikes union deal on cuts
Spanish baker Panrico has secured union backing for cuts to pay and jobs - although its initial plans have been watered down. Under a "preliminary agreement" with the UGT union,…
SPAIN: Baker Panrico trims job cut plans
Spanish baker Panrico has reduced the number of jobs it plans to stem losses and revitalise the business - although over 800 posts are still set to face the axe.…
SPAIN: Panrico set for union talks as strike action continues
Talks are scheduled over the next week between the management at Spanish baker Panrico and unions as strike action at the company continues. Industrial action at Panrico's Santa Perpctua de Mogoda factory…
SPAIN: Panrico to reinstate pay after union talks
Ailing Spanish baker Panrico has agreed to resume partially paying staff after talks with union officials. Panrico said today (4 October) workers will receive some money from Wednesday. Two weeks…
SPAIN: Nationwide strike to hit ailing baker Panrico
Unions representing workers at Spanish baker Panrico have drawn up plans for a nationwide strike next week. The UGT and CCOO unions have announced an "indefinite strike" will hit Panrico's…
