Finsbury Food Group Plc reached an agreement with DBAY Advisors Limited on the terms of its acquisition for GBP 143.4 million. Its shares surged more than 22% after the UK-based bakery group agreed to the takeover.
Warburtons launched a new TV ad starring Samuel L. Jackson, titled ‘Mad about bread’. The baker’s past campaigns included other celebrities who promoted bread, such as George Clooney, Robert De Niro and Sylvester Stallone.
Leanne Parker joined AMF Bakery Systems as chief financial officer. Parker brings 25 years of financial leadership experience in multinational businesses. The company also welcomes Clint Adams as commercial director, North America Specialty Segments, starting on September 19.
Torsten Türling will be the new CEO of Syntegon Group from November 1, 2023, the packaging technology company announced. The current CEO, Dr. Michael Grosse, resigns as of October 31, after three years in this role.
Hadsfield Bakery, a business in Huddersfield, with 13 locations and 74 employees filed a notice to appoint administrators. The owners are working on a plan to save the business and the shops, and is in talks with banks and lawyers for a possible solution.
J. M. Smucker announced the acquisition of Hostess Brands for USD 5.6 billion, which includes approximately USD 900 million of net debt. Additionally, approximately 3,000 Hostess Brands employees will join J. M. Smucker in conjunction with the transaction.
As the European Commission lifted the temporary bans on Ukrainian grain, its neighboring countries, Poland, Slovakia and Hungary imposed national-level restrictions of their own. This is an outcome the EC was trying to avoid, Euro News reports. Ukraine has been exporting its grain by land, through the countries around it since the grain deal fell through and it couldn’t use sea transport anymore.
British specialty flour producer, Matthews Cotswold Flour, appointed Elaine Boddy from Foodbod Sourdough as its very first brand ambassador. Boddy is a renowned sourdough baker and author, who has published three books about sourdough. She has a loyal international baking following and is a supporter of Matthews Cotswold Flour.
