Value-add products within Gruma SAB de CV’s portfolio continue to grow steadily in the United States, even as strong momentum mounts for private label products.
Reser’s Fine Foods said the acquisition will create regional, channel and product opportunities while supporting St. Clair’s current path to opening new avenues for growth.
Mondelez invested $5 million in the facility, which the company said will serve as a strategic center of excellence and regional hub “driving creative development and innovation in the biscuits and baked snacks category.”
Grupo Bimbo SAB de CV completed four “bolt-on” acquisitions during the first quarter, expanding its global presence to 35 countries, Daniel Servitje said.
Last year, the company said it planned to add more than 150,000 square feet of space to the plant, which makes the company’s appetizer products primarily sold under the SeaPak and Farm Rich brands.