Subway announced that its shareholders are exploring a possible sale of the company. There is no indication of timing or assurance that a sale will occur, the company clarifies.
EUROGERM started construction work for its new sourdough bio-fermentation plant in France. The plant represents an investment of EUR 21 million.
Palsgaard started expansion work at its Netherlands factory, an investment worth EUR 18 million that will double the company’s global capacity to produce PGPR emulsifiers. The construction work at the plant is scheduled to be finalized in 2024.
Baker & Baker launched a heart-shaped donut in the UK, ahead of Valentine’s Day and Mother’s Day celebrations. The soft donut base is topped with pink, strawberry-flavored icing and white sugar strand. It contains no artificial colors, flavors, or preservatives, and is suitable for vegans.
Reading Bakery Systems (RBS) installed its new electric-powered convection oven at the RBS Science & Innovation Center and is now ready for production trials.
Lidas, a Romanian bakery headquartered in Tulcea, is opening a frozen pastry factory. It is an investment of EUR 46 million, half of which is state aid. When it opens in March, the facility located 270 km away from Bucharest will be one of the largest frozen pastry factories in Southeast Europe.
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Ferrero Group acquired Fresystem, the Italian company that specializes in frozen bakery goods and is behind the Cupiello brand, for an undisclosed amount. The transaction is expected to close in the upcoming months.