ARYZTA achieved a resilient 2 % organic growth performance in the third quarter across its businesses and markets, despite weak consumer spending, according to a statement. Recovery in QSR continued, although at a lower pace, while its retail and other foodservice segments performed solidly.
Two sales managers joined the ranks of Middleby Bakery, the company announced: Chris Janarek is a new Account Sales Manager for Auto-Bake Serpentine, covering the US market, and Vikrant Sawant took over the role of Area Sales Manager for India.
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.
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.
