Instacart to receive investment from PepsiCo 08.31.2023 By Eric Schroeder PepsiCo has agreed to purchase $175 million of Instacart’s Series A preferred convertible stock. Read More
Hostess shares surge after news of potential sale 08.29.2023 By Eric Schroeder Several companies have expressed interest in Hostess, including General Mills, Inc., Mondelez International, Inc., PepsiCo, Inc. and Hershey Co. Read More
Rich Products names new chief R&D officer 08.29.2023 By Eric Schroeder Tracey Ziener has more than 28 years of experience in the development and delivery of new products, packaging and technology programs.Read More
Roland Foods acquires baking industry importer, distributer 08.21.2023 By Eric Schroeder As part of the transaction, ifiGOURMET will be combined with AUI Fine Foods, Roland Foods’ sweet division. Read More
Flowers Foods hires first chief innovation officer 08.18.2023 By Eric Schroeder Penny Patterson-Smith has been named chief innovation officer at Flowers Foods, Inc. Read More
Ingredion adapts well to changes in customer demand 08.09.2023 By Eric Schroeder Quarterly sales increased to $2.07 billion, up 1% from $2.04 billion the previous year.Read More
Plant-based demand boosts MGPI sales in Q2 08.07.2023 By Eric Schroeder Net income at MGP Ingredients, Inc. increased 25% in the second quarter ended June 30.Read More
Bunge sees dramatic increase in net income for Q2 08.03.2023 By Eric Schroeder In the second quarter ended June 30, Bunge posted net income of $622 million, equal to $4.09 per share on the common stock, up sharply from $206 million, or $1.34 per share, in the previous year’s second quarter. Read More
Almond Board of California selects new president/CEO 07.19.2023 By Eric Schroeder Clarice Turner will succeed Richard Waycott, who plans to step away from the ABC at the end of 2023.Read More
Bimbo Bakeries acquires Minnesota bagel producer 07.19.2023 By Eric Schroeder National Choice Bakery manufactures European-style bagels (water boiled, hearth baked) for the retail and foodservice industries. Read More