Baker & Baker made its first acquisition since becoming a standalone bakery products manufacturer, after signing an agreement with Portuguese bakery Peipen.
Business
MULTIVAC announced changes in its management, as Guido Spix will step down from his joint Group President role at the end of the year and Christian Traumann will step in as the company’s CEO and spokesperson for the management starting January 1, 2023.
Bunge Limited announced today the sale of its wheat mills in Mexico to Grupo Trimex was finalized.
Dr. Jan Willem van der Kamp from the Netherlands was appointed as the new senator of the Bread Senate of the Association at the Annual Conference of the Association of Large German Bakeries in Heidelberg.
Japan’s Yamazaki Baking announced the purchase of the packaged bread business of Kobeya Baking, a company manufacturing bread, cakes, frozen dough and delicatessen.
Based on the current developments of the war in Ukraine, IPCO has decided to initiate the process to exit the Russian market and did so as of September 1, 2022.
Lallemand Inc’s subsidiary, Danstar Ferment AG, agreed to acquire the BASF Nutrilife® baking enzymes portfolio and business.
Starbucks announced that Laxman Narasimhan will become the company’s next CEO and a member of the Starbucks Board of Directors. Narasimhan will join Starbucks as the incoming CEO on October 1, 2022 and will start in the new role on April 1, 2023.
Robinson’s bakery, a family-run craft bakery from Failsworth, UK, faces an energy cost increase of GBP 250,000 per year.
Scotland’s bakery association, Scottish Bakers, tells the country’s politicians that the industry is “facing an existential threat” and asks the UK government for urgent action to support, and provide relief to the trade.