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).
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.
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 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.
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’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.
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 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 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.
Cuba’s government moved to lower the weight of its subsidized ration of bread allotted per day by a quarter, Reuters reported. The bread was shrunk from 80 g to 60 g, along with a slight price reduction, to just under 1 peso.
Middleby Bakery appointed Mike Scouten as President of Global Bakery Sales and Strategic Accounts. In his previous role, he served as Vice President of Sales for Stewart and Baker Thermal Solutions, Middleby Bakery.
Mondelēz International signed an agreement to acquire a significant majority stake in Evirth, a leading manufacturer of cakes and pastries in China, the snack giant announced. The transaction is subject to customary closing conditions, including regulatory approval.
