Lidl Ireland signed a EUR 22 million contract with Panelto Foods bakery, which will stock the supermarket with premium baked breads across the island of Ireland, in Great Britain and Northern Ireland.
Business
Flowers Foods, Inc. reported its Q1 sales increased by 6.9% to a quarter-record of USD 1.534 billion, compared to the first quarter of 2022. The company’s net income decreased by 17.4% to USD 70.7 million and its adjusted net income decreased by 13.1% to USD 80.9 million.
Vicky Foods reported a turnover of EUR 536 million in 2022, a 32.3% growth compared with the results achieved in 2021. Last year, the Spanish group boosted its production volume by 6% – to a total of 203,000 tons.
Hillenbrand announced the acquisition of Schenck Process Food and Performance Materials (FPM), a Blackstone company. FPM specializes in feeding, filtration, baking, depositing, milling, and material handling equipment, among other technologies.
On May 30, AAK is moving its headquarters to the neighboring Hyllie Terrass in Malmö, Sweden. The new premises are in line with the company’s environmental and health-promoting priorities, with a building designed to be climate neutral and enjoy plenty of daylight.
Dutch Bakery, a bakery group specialized in home bake-off bread and snack products, is combining with coolback, a leading German bakery group specialized in bake-off bread. Together, they are creating European Bakery Group, a pan-European bakery platform, according to an announcement made by investor 3i Group plc.
Abel+Schäfer exits the frozen patisserie business in France as it sold its shares in Florepi to the Navigator group. Florepi, based in Guignicourt/Reims, was founded by Abel+Schäfer in 1998 and produces traditional French pastries such as éclairs, choux and tartlets for the frozen segment. With around 150 employees, the company generates annual sales of around EUR 27 million.
Genius Foods named Adam Smart as its new Chief Executive Officer. Smart took on the new role on April 17, joining the business following its recent acquisition by Katjes Greenfood, and as it is looking to strengthen its focus on the UK market. He takes over the CEO assignment from Dr. Peter Quinn.
The Leceister Square Greggs can stay open late at night, as the bakery reached an agreement with the Westminster Council to do so. Originally, the request to also keep this store open from 23:00 to 5.00 had been denied, due to concerns that it would create public disturbances.
Food and Drink Federation (FDF) Scotland launched a new fund, in partnership with Food Standards Scotland (FSS), aimed at helping Scottish bakery businesses to make their products healthier. It is available to all businesses based in Scotland.