Milling & Baking News - August 1, 2017 - 1
THE NEWS WEEKLY OF GRAIN-BASED FOODS
AUGUST 1, 2017
bakingbusiness.com / foodbusinessnews.net
FOOD INGREDIENT SOLUTIONS®
Lecithin becomes a popular
choice while other emulsifiers
may need more scrutiny
Story on Page 26
Dunkin' taking steps
to simplify menu
CANTON, MASS. - Several muffins,
bagels, danishes and cookies will be
removed from the menu at Dunkin'
Donuts as part of a menu simplification taking place at the Canton-based
quick-service restaurant chain. The
initiative is part of the company's larger move to continue its evolution into
a beverage-led, on-the-go brand, said
David Hoffman, president of Dunkin'
Donuts U.S. and Canada at Dunkin'
Brands Group, Inc. Net income at
Dunkin' Brands Group, Inc. in the
second quarter ended July 1 totaled
$55.7 million, equal to 61c per share on
the common stock, up 12% from $49.6
million, or 54c per share, in the same
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Grupo Bimbo global growth seen
bolstered by East Balt acquisition
MEXICO CITY - East Balt Bakeries represents a "compelling opportunity" for
Grupo Bimbo S.A.B. de C.V. to expand
geographically and diversify its product
range, said Daniel Servitje, chairman and
chief executive officer of Grupo Bimbo.
When the acquisition of Chicago-based
East Balt is completed, the number of
countries in which Bimbo operates will
increase by a third, to 32.
On July 21, Grupo Bimbo S.A.B. de
C.V. announced it had reached an agreement to acquire Chicago-based East Balt
Bakeries from One Equity Partners for
Founded in 1955, East Balt produces
and supplies buns, English muffins,
rolls, tortillas, bagels, artisanal bread
and other baked foods to quick-service
restaurants around the world. The company employs approximately 2,200 and
operates 21 bakeries in 11 countries
across the United States, Europe, Asia,
the Middle East and Africa. The company generated sales of approximately
$420 million and EBITDA of $70 million
in the most recent fiscal year.
Bimbo said 32% of East Balt's sales
are in the United States, 25% in Asia and
43% in the rest of the world. The company operates three plants in the United
States, five in Western Europe, two in
Russia/Ukraine, four in the Middle East
and Africa and seven in Asia. Leading
East Balt customers include McDonald's, Wendy's, Burger King, KFC, Pizza
Continued on Page 11
Pamplona to buy BakeMark
from CSM Bakery Solutions
NEW YORK - Pamplona Capital
Management has reached an agreement to acquire the BakeMark business of CSM Bakery Solutions. Financial terms of the transaction were not
The announcement comes a little more
than three months after CSM announced
its intent to sell the BakeMark business.
Marianne Kirkegaard, president and
chief executive officer of CSM Bakery,
said the decision to sell the BakeMark
business fits into the company's strategy
of focusing on its core business in Europe and North America.
"We have always had great appreciation for the value of the BakeMark business, but this sale will help us support
our goal of further strengthening our core
business in Europe and North America
by focusing on our value-added bakery
products and ingredients portfolio,"
Ms. Kirkegaard said. "Under Pamplona's ownership, BakeMark can further
strengthen its strong position and reputation as the industry's supply and distribution market leader in North America."
Based in Pico Rivera, Calif., BakeMark
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