Following a review of the company’s credit ratings, Grupo Bimbo SAB de CV’s senior unsecured ratings were reaffirmed by Moody’s Investors Services at Baa2.
Grupo Bimbo SAB de CV has acquired St. Pierre Groupe, a United Kingdom-based baker of premium brioche-style products with a growing presence in the United States. The transaction was disclosed in Bimbo’s third-quarter financial results report.
In 2022, American consumers are expected to spend an all-time high of 10.6 billion dollars for the Halloween season, according to Statista. This would be an increase of about half a billion dollars from last year.
Panera Bread has announced a suite of new, elevated packaging for its line of grocery products, along with the launch of several new additions to its product portfolio.
Everybody heard the anecdotal stories about the huge increase in demand for packaging equipment during the pandemic, but PMMI recently released a survey that documented how sales grew 40% between 2019 and 2022, noted Jorge Izquierdo, vice president, market development, PMMI, the association for packaging and processing technologies, during the recent Pack Expo held in Chicago.
After much deliberation, the recommendation for added sugars in the Dietary Guidelines for Americans remained the same at less than 10% of total calories per day starting at age two.
An increased sophistication around sugar reduction is a trend driven by other food categories, according to Adam Pawlick, vice president of R&D at Dawn Foods, Jackson, Mich.
Sustainability took center stage in conversations on the show floor at the International Baking Industry Exposition (IBIE) this year, albeit, in a new way.