Palsgaard opens India office
Palsgaard strengthens its presence in the Indian market for its emulsifier solutions with the opening of a new facility in Mumbai. The office will be officially launched in 2025.
Category: Business
Nissin Foods acquires frozen food manufacturer ABC Pastry
Nissin Foods announced the complete acquisition of ABC Pastry, a leading manufacturer of frozen dumplings, which are either company-branded (i.e., ABC Pastry) or third-party branded in Australia. The value of the acquisition is AUD 33.7 million (EUR 20.7 million).
Europastry cancels IPO listing for the second time
Spain’s Europastry canceled its stock market listing citing market volatility. The company will still evaluate going public under more favorable market circumstances at a later time.
Mademoiselle Desserts acquired by Emmi
First announced in July, the acquisition of the French Mademoiselle Desserts Group was successfully completed. Mademoiselle Desserts specializes in premium patisserie, with 12 production sites in France, the UK, the Netherlands and Belgium.
Lallemand acquires Singapore ingredient company
Lallemand Inc. acquired CerealTech Pte Ltd, a bakery ingredient business based in Singapore, for an undisclosed amount. Lallemand will integrate the business and associated employees into its Lallemand Baking Solutions (LBS) business as of October 15.
Mondelēz International invests in UK donut start-up
SnackFutures Ventures, the corporate venture capital arm of Mondelēz International, acquired a minority stake in Urban Legend, a UK pastry bakery start-up specializing in better-for-you fresh donuts and pastries.
Europastry IPO gets green light
Europastry’s initial public offering (IPO) was approved by Spain’s Comisión Nacional del Mercado de Valores (CNMV), valuing the company at EUR 1.57 billion.
Schubert joins UN Global Compact Network Germany
Gerhard Schubert GmbH has been an official participant in the UN Global Compact Network Germany since August 2024, supporting the UN’s sustainability goals. The United Nations initiative groups together 10 principles in the areas of human rights, labor, the environment and anti-corruption.
pladis opens new GODIVA Café in Dubai Mall
Pladis opened a new GODIVA Chocolate Café in Dubai Mall, the world’s second-largest mall. It is the company’s 10th location in the region. In addition to GODIVA’s chocolate collections, the café will serve up an all-day menu, including tartines and croissants, Belgian waffles, crêpes, pancakes and patisseries.
Lesaffre embarks on carbon capture project
Lesaffre hosted an event at the Lesaffre Campus, where over 25 companies, including startups, were invited to brainstorm and explore a collaboration aiming at harnessing the power of carbon capture and utilization (CCU) in the food industry.
