Lidas, a Romanian bakery headquartered in Tulcea, is opening a frozen pastry factory. It is an investment of EUR 46 million, half of which is state aid. When it opens in March, the facility located 270 km away from Bucharest will be one of the largest frozen pastry factories in Southeast Europe.
Ferrero Group acquired Fresystem, the Italian company that specializes in frozen bakery goods and is behind the Cupiello brand, for an undisclosed amount. The transaction is expected to close in the upcoming months.
McDonald’s plans to open 1,900 new locations in 2023. More than 400 will be in the U.S. and its international markets, including Germany, Canada, France, Australia, Canada, and the UK, Yahoo Finance reports.
French pastry-mix maker Cérélia will have to divest the Jus-Rol business, which it acquired from General Mills, as the Competition and Markets Authority (CMA) said that the merger hinders the competition among the UK’s retailers and, potentially, the end-consumers who might experience increased prices.
Greggs signed a multi-million-pound contract with Edinburgh-based Business Stream, one of the UK’s largest water retailers. As part of the latest three-year deal, Business Stream will provide water and wastewater services to Greggs’ nine UK manufacturing sites and over 1,400 shops.
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