Bimbo Bakeries USA in Horsham, Pennsylvania, has been named a 2018 Energy Star Partner of the Year by the U.S. Environmental Protection Agency in recognition of its companywide commitment to energy management strategy and leadership in the baking industry. “Bimbo Bakeries USA has always strived to be a leader in sustainability and minimize our carbon footprint,” said Fred […]
Category: Center Store
Ferrero Closes On Nestlé USA Candy Brands Sale
The Ferrero Group has finalized the purchase of Nestlé USA Inc.’s confectionery business, a deal that first was announced in mid-January and was estimated to be valued at $2.8 billion. The closing of the acquisition adds more than 20 U.S. brands into the Ferrero portfolio, including Butterfinger, Baby Ruth, 100 Grand, Wonka and the exclusive […]
Campbell Completes Snyder’s-Lance Acquisition, Creates Snacks Division
Campbell Soup Co. has completed the acquisition of Snyder’s-Lance Inc. for $50 per share in an all-cash transaction, which represents an enterprise value of approximately $6.1 billion. “Snyder’s-Lance represents a strategic and transformative acquisition for Campbell, creating a $10 billion company with nearly half of our annual net sales in the faster-growing snacks category,” said […]
Olé Mexican Foods Celebrating Its 30th Anniversary This Year
In 1988 Veronica Moreno sold her first order of tortillas from a recipe she learned from her grandmother. Today, 30 years later, Olé Mexican Foods Inc., maker of Olé and La Banderita tortillas, says it still aims to create “great food that brings friends and family together at the table.” On its 30th anniversary, Olé […]
Key Food, Goya Unite On 40K-Lb. Food Donation To City Harvest
Key Food Stores Co-operative teamed up with Goya Foods to donate 40,000 pounds of food to New York’s City City Harvest in mid-March. In total, Key Food and Goya will be donating 60,000 pounds of food as part of the Goya “Can Do” campaign. City Harvest will distribute this donation to 500 community food programs throughout […]
Unilever Enters Organic Snack Category With Growing Roots Brand
Unilever is launching Growing Roots, an organic, plant-based snack brand with a social mission. The company will donate half of all Growing Roots’ profits to support Unilever’s urban farming partnerships. The brand builds on Unilever’s multi-year urban farming commitment, which establishes and funds partnerships to unlock access to fresh foods and nutrition education in communities […]
General Mills Acquiring Blue Buffalo Pet Products For $8B
General Mills Inc. and Blue Buffalo Pet Products Inc. have entered into a definitive agreement under which General Mills will acquire Blue Buffalo for $40 per share in cash, representing an enterprise value of approximately $8 billion. General Mills expects the transaction to establish it as the leader in the U.S. “wholesome natural” pet food […]
Chacko To Succeed Papadellis As President Of Ocean Spray Cranberries
Randy Papadellis, president and CEO of Ocean Spray Cranberries Inc., announced Feb. 15 that he plans to leave the cooperative on July 1, 2018, capping an 18-year career. Effective immediately, Bobby Chacko, who has been serving as SVP and chief growth officer since 2017, has been promoted to president and COO. Papadellis, whose career in the food […]
