Milling & Baking News - November 21, 2017 - 52

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THE NEWS
APRIL 14,

THE NEWS WEEKLY OF GRAIN-BASED FOODS

AUGUST 29, 2017

usiness.com

inessnews.net

/ foodbus

bakingb

ACTIVITIES
INDUSTRY

e
et Roundtabl
Grain Mark

crop
er new
see low an prices
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Analystscorn, soybeestim
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Stock
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seen
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were
Plantings
s, 31

which
bullish
KANSAS an prices are to six month
reports, h for corn,
al to
and soybe the next three er
as bearis ans and neutr lowcline over a major weath
for soybe wheat, with butto amfor
barring due mostly
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.
prices
problem, stic and globa
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er corn
analysts
re to whea an and
ple dome
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Page 28
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Most
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t
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LATE NEWS
wheat
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spring
soybean
the U.S.
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til May, and the first
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10 differ Page 18
published," compared
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One study

for all
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FOOD INGREDIENT SOLUTIONS®

Techniques making
sweeteners more
cost-effective
Story on Page 20

LATE NEWS

I.G.C. forecasts record
wheat carryover
LONDON - Ending stocks of wheat
in 2018 are projected at a record 248
million tonnes in an Aug. 24 update
from the International Grains Council. The forecast is up 7 million tonnes
from the July forecast of 241 million
and would be up 2% from 244 million
tonnes in 2017. The 2018 carryover
would be significantly larger than 226
million tonnes in 2016 and 206 million
in 2015. The increase from July was
driven by a 10-million-tonne increase
in projected wheat production totaling 742 million tonnes in 2017-18, a
crop still slightly smaller than the record 754 million in 2016-17. The wheat
carryover increase was attributed by

Continued on Page 8

WEEKLY
OF GRAIN
-BASED FOOD
S

bakingb

usiness.com

/ foodbus

inessnews.net

JANUARY
20, 2015

WASHINGTO
N

bakingbusiness.com / foodbusinessnews.net

to open
Flowers
plant
baking
Lenexa

www.bakingbusiness.com.

2015

S
-BASED FOOD
OF GRAIN
WEEKLY

JAB expands in U.S. baking with
Bruegger's acquisition
DALLAS - Caribou Coffee, the secondlargest company-operated premium coffeehouse in the United States, has agreed
to acquire the Bruegger's Bagels chain
from Le Duff America. Caribou Coffee
is part of JAB Holding Co., which has
expanded significantly in grain-based
foods over the past year and whose holdings already include the nation's largest
bagel chain: Einstein Bros. Bagels.
Financial terms of the transaction
were not disclosed.
Founded in 1983 in Troy, N.Y., Bruegger's operates approximately 300 restaurants in 26 states, the District of Columbia and Canada. The bakery-cafe chain
initially was centered on its New Yorkstyle bagels, but has since expanded its
menu to includes sandwiches for breakfast and lunch, salads, soups, desserts
and coffee. Le Duff acquired Bruegger's
in March 2011. The company soon afterward set a three-year target to grow the
chain to over 400 stores from over 300.
Growth proved elusive.
The pending purchase of Bruegger's

Stock Mark
et Review

Grain-bas
outperfo ed foods sha
res up in
rming ma
KANSAS
straight CITY - Mark
2014,
jor marke
year
ing the
share prices of advan
sixth
t indexe
of grain- ces in the sector
panies
based
,
were
s

BRUEGGER'S BAGELS

Subscribe online at

THE NEWS

by JAB represents the latest in a flurry of
acquisitions by the Luxembourg-based
company. The transactions have been
heavily focused on coffee and grainbased foods. Most recently, the company acquired St. Louis-based Panera
Bread Co. for approximately $7.5 billion in a transaction that was approved
in mid-July. The Panera purchase came
a year after JAB acquired Krispy Kreme
Doughnuts, Inc. for approximately $1.35
billion. Other companies in which JAB

Continued on Page 10

B&G Foods to acquire Back to Nature
Foods Co. for $162.5 million the Back to NaPARSIPPANY, N.J. - B&G Foods, Inc.
has added another snack manufacturer
to its portfolio. The company entered
into an agreement on Aug. 20 with the
private equity firm Brynwood Partners
VI L.P. and Mondelez International to
acquire Back to Nature Foods Co. for approximately $162.5 million.
Back to Nature Foods Co. is a joint
venture between Brynwood and

Mondelez and features
ture and SnackWell's brands. Products
manufactured under the brands include
cookies, cakes, pretzels, popcorn, nuts
and trail mix, granola, cereals, soups and
juices. Many of the products sold under
the Back to Nature brand are Non-GMO
Project verified or certified organic.
"We are very pleased to add Back
to Nature to the B&G Foods family of
brands," said Robert C. Cantwell, president and chief executive officer of B&G
Foods. "Consistent with our acquisition
strategy and our recent Green Giant,
spices and seasonings and Victoria acquisitions, we are continuing to diversify our portfolio of brands and invest in
brands and products that we believe are
Continued on Page 11

Food as
fashion

LATE NEWS

Story on

Cocoa grin
in fourth d down
quarter

Page 28

foods
Grain-Based up sharp
ly in 2014. comFoods Share
lated by
Milling
Index, The
the year
&
calcuat a record Baking News,
ended
While
20342
in 2013, smaller than .89, up 17%.
the 23%
eclipsed grain-based
gain
share
in 2011, advances of 16% s in 2014
9% in
2010 and in 2012, 8%
From the
end of
Foods
2008, the 13% in 2009.
Share Index
Grain-Based
points,
has
for a
added
11,195
A rarity gain of 122%.
for food
The Grain
market,
stocks
the G.B.F.
-Based
dex also
in
each of
a
outperformFoods Share
the other index outperformbull index
Inces in
es. The
ed globa
ed an
2014. The major marke
17% gain
l
advan
the Stand
t indicompared stock
16.8%
ard
try Worldce of 1.5% in
gain
and
- up
bested
the All with
Poor's
Index
11.4%;
Emerg
Coun500 Index
(ACW
the
of indus
ing
trial sharesDow Jones
down 6% Markets IndexI). The MSCI
average
Nasdaq
durin
in
composite , up 7.5%;
Additionall g the year. 2014 was
and
index,
up 13.4% the were strong y, grainbased
.
when
share
measu
red again s
Continued
st

KANSAS
CITY
North
- Fourt
Amer
bean grind ican and Europ h-quarter
declined
ean
quarter
from the cocoa
a year
results
earlier,
same
were
but full-y
fourth-quar mixed. North
ear
ter grind
American
tonnes,
down
was
from the
2,446 tonne 122,886
on Page
s, or 2%,
National same quart
20
er
said, but Confectione in 2013, the
rs Assoc
521,657 grind for all
of 2014 iation
or 2%, tonnes, up
totaled
10,615
from 2013
WASH
tonne
on record
INGTON
and the
s,
ricultural
highest
reporting since the
- The
N.C.A.
DepartmenStatistics ServicNational Ag2009. EuropNorth Amer
began
e of the
acres as
ean fourth ican grind
estimated t of Agric
of 323,06
U.S.
ulture
in
the recen
-quarter
the
The
on Jan.
wheat
earlier 1 tonnes fell
for harvearea seeded
12 the U.S.D.A. estimt five-year
7% from grind
and was
average.
to winte
acres,
st in 2015
average
ate fell
the lowes a year
down
r mates
well
of
at
5%
40,452
in
pre-re
from 42,399
2014.
at
Continued t since
,000
port tradebelow
It was
official 42.7 million
on Page
,000 acres
wheat
estiacres.
estimate
8
area since the smallest
In fact,
of pre-re
2010 and
was
winte
the
port trade below the
compared36,576,000 acres r in a
lowest
recent
with 41.8
in
survey. estimates provi
The U.S.D
million
ded
.A. estim
winter
wheat
plantings ated hard
acres,
red
down
3% from at 29.5 millio
smallest
2014. It
n
28.5 milliohard winter
was the
wheat
area
with 29.3 n acres in 2011
and compsince
millio
five-ye
ared
ar avera n acres as
the recen
The U.S.D ge.
t
accompanyi .A. said
in comm
ng the
changes
entary
repor
from last
year are t, "Acreage
mixed
across
Contin

Winter
smaller wheat seede
d area
than in
5%
2014

ued on

52 / November 21, 2017

Milling & Baking News

Page 33

bakingbusiness.com / world-grain.com

http://www.capitolfoodco.com http://www.powder-solutions.com http://www.ciranda.com http://www.nongmoproject.org http://www.agridient.com http://www.goldenbarrel.com http://www.allstarch.com/en/index.htm http://www.maltproducts.com http://www.bakingbusiness.com http://www.bakingbusiness.com http://www.world-grain.com

Milling & Baking News - November 21, 2017

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