Novozymes delivers 10% organic sales growth and an EBIT margin of 26% in the first half of the year, despite the volatile market environment. The company announces it adjusted its full-year organic sales outlook from 4-8% to now 6-8%.
Grupo Bimbo launched Bimbo Open Door, a food business accelerator in Latin America, to seek and invest in bakery startups and scale-ups.
Italian bakery Morato acquired Tuscan gluten-free specialist Nt Food, a company with a EUR 35 million turnover, known for its Nutrifree and Nutrisì brands.
Belgium’s Vandemoortele is building a new factory in Torcé in Brittany, to support the production of coffee cake, a market with an annual growth of 3-5%.
Groupe Le Duff and its subsidiary Bridor announced the acquisition of Lecoq Cuisine Corporation – a North American producer of Viennese and French-style pastries.
The first ship carrying grain left the Ukrainian port of Odessa under the landmark agreement it signed with Russia in Istanbul on July 22.
Ingredion Incorporated reported the financial results for the second quarter of 2022, which show the company’s strongest growth since 2017.
Schubert announced it purchased 7.36 acres of land to expand its North American headquarters in Charlotte, NC.
