BAKO Group Limited announced the full acquisition of James A. S. Finlay Limited (Finlay’s Foods) from Northern Ireland, on April 3, 2024. Finlay’s employs a staff of around 60 people and sells food ingredients, including specialties for bakery, across the UK, Europe and Asia.
Vandemoortele announced it established a new partnership with Banneton, a manufacturer of premium freezer-to-oven croissants, Danishes and pastries in North America. As part of the agreement, Vandemoortele will acquire a majority stake in Banneton, while Victor and Alex Litinetsky, founders of Banneton, will stay invested in the capital and continue to lead the day-to-day management of the business after closing.
Subway introduced four wraps served on new, lavash-style bread, available from April 11 in the US restaurants. The range inspired by Middle Eastern cuisine is the chain’s first new bread option in three years, with a soft and bubbly texture. It also holds more ingredients than a wheat tortilla, Subway explains.
Reading Bakery Systems (RBS) promoted Kevin Bowes to Director of Engineering. In this new role, he is responsible for the engineering and design of all RBS equipment, as well as ensuring compliance with industry manufacturing standards and customer specifications are met.
Hovis bread prices will remain unchanged for the rest of the year, following an increase by almost a third as a result of the war in Ukraine and ensuing material and energy price hikes.
