China’s regulators approved Bunge’s acquisition of Viterra for USD 34 billion. The merger creates a USD 8.2 billion giant. The acquisition was first announced in 2023. It now creates a global grain specialist in the ranks of ADM and Cargill.
Yum! Brands elected Chris Turner as its Chief Executive Officer, starting from October 1, 2025. Currently, he is the Chief Financial Officer for the company, a role he has held since 2019.
Krispy Kreme, Inc. sold its remaining stake in Insomnia Cookies Holdings, LLC for USD 75 million – to Insomnia Cookies and certain existing shareholders who were involved in the July 17, 2024 sale of Krispy’s majority ownership stake.
The President of the German Bakers’ Association, Roland Ermer, is now also the new President of the European Bakers’ and Confectioners’ Association (CEBP). Ermer was unanimously elected to the position by the CEBP General Assembly.
Martin Plaschg joins backaldrin as the new Key Account Manager Austria. The Styrian native began his professional career as a baker and pastry chef apprentice in his home region.
Despite challenging market conditions, the Oetker Group managed to increase its sales by 2.5 %, reaching approximately EUR 7.1 billion in 2024. The group is also forecasting moderate growth for the current financial year.
Panera Brands Inc. announced that José Cil has been appointed chairman of its Board of Directors. Cil succeeds Patrick Grismer, who served as independent Board Chair since June 2024 and was recently nominated to serve on the Board of Krispy Kreme.
After achieving its mid-term targets a year ahead of schedule, ARYZTA announces new mid-term targets for the 2025-2028 timeframe.
Kingsmill maker Associated British Foods (ABF) is exploring a deal for its Allied Bakeries business. The move could bring together some of the UK’s biggest bread brands – Kingsmill and Hovis, according to a Reuters report.
Coperion announced the next step in its brand identity as the company further unifies its operations through branding changes for its Food, Health and Nutrition division brands.
The Romanian Competition Council approves Bimbo Group’s acquisition of Karamolegos Bakery Romania through its local company Vel Pitar.
Rademaker announced two new developments aimed to expand its innovation capabilities: the acquisition of Form & Frys Maskinteknik and a strategic partnership with Sensure.
