Nerida Kelton’s second term as World Packaging Organization (WPO) Vice President of Sustainability & Save Food was confirmed at the beginning of 2024. “We have so many resources available now and there are so many more to come!” she commented on the organization’s work and upcoming projects.
Grupo Bimbo reports strong performance across most regions in the three months ending on March 31, 2024. During this time, the company’s gross margin expanded 90 basis points to 52.0%, due to lower raw material costs across every region, which was offset by higher labor costs.
Grupo Bimbo appointed Rafael Pamias as CEO, starting from May 1, 2024. The bakery also created the Executive Chair position, which will be held by previous CEO, Daniel Servitje. The Executive Chair will focus on strategic decision-making. The CEO will report directly to the Executive Chair and will be responsible for running the company.
The European Union is set to fine Oreo maker Mondelez for blocking sales across borders, according to a Financial Times report, which cites people familiar with the developments. The fine, possibly in the millions of Euros, could be announced as soon as next month, the financial publication says.
Glanbia announced an agreement to acquire Flavor Producers LLC, for an initial consideration of USD 300 million. Flavor Producers is a US flavor platform, providing flavors and extracts to the food and beverage industries, with a focus on organic and natural ingredients.
Bridor announced the acquisition of PANDRIKS Holding B.V., a Dutch bakery specializing in organic and artisanal-inspired products. PANDRIKS has a turnover of EUR 150 million (2023) and 400 employees. “Under the BRIDOR umbrella, PANDRIKS will continue its journey with both its brand and values being preserved,” the company detailed in an announcement.
Lesaffre announced the launch of an open call to discover new paths of innovation in carbon capture and utilization (CCU) specifically tailored for the food industry. In this endeavor, Lesaffre partnered with SoScience, a company specializing in responsible research and innovation.
LeMatic Inc. appointed Wouter Reindorp EMEA Sales Manager to assist LeMatic’s Global team with growth in Europe, the Middle East and Africa. An industry veteran of 30 years, Reijndorp began his career with the Kwik Lok Corporation.
Private markets manager CVC is investing in Grupo Monbake, a leader in the frozen dough sector in Spain. CVC funds are acquiring the entire stake in Grupo Monbake that was previously held by private equity firm Ardian and its co-investors in this project (Alantra, Artá, and Landon). The price of the transaction has not been disclosed.
Russell T. Bundy passed away on April 5, Bundy Baking announced. He was the founder of Russell T. Bundy Associates, which later became Bundy Baking Solutions, headquartered in Urbana, OH. He was a respected leader in the baking industry, with a spot on the inaugural class of the American Society of Baking’s ‘Baking Hall of Fame’, which he earned in 2007.