Milling & Baking News - October 24, 2017 - 10

Business X

VALDOSTA, GA. - Martin's Famous our employees and our community," said
Pastry Shoppe, Inc., a family-owned bak- Scott Munger, Martin's director of producer of bread and roll products, is expand- tion operations in Valdosta. "The new caing its baking plant in Valdosta-Lowndes pacity along with the additional technology
aids in developing our workforce and brings
County, Ga.
"We are excited about the expansion additional revenues into our community."
The company's potato rolls and bread
of the bakery, which adds an additional
119,379 square feet of production space," contain no artificial colors or artificial
said Tony Martin, executive vicepresident of Martin's Famous Pastry Shoppe, Inc. "We are moving to
a higher level of business and operational sophistication. This will increase the ability to efficiently serve
our customers on a larger scale as
our markets continue to grow."
Martin's Famous Pastry said
the expansion will be undertaken MARTIN'S FAMOUS PASTRY SHOPPE, INC.
in a manner that will allow for future sweeteners, and the company sources all
growth. The newest production line will non-G.M.O. ingredients.
"Quality is crucial to our brand, and
be geared toward production efficiency,
automation and verification processes the efficiency of our operations is esthat promote quality in food safety stan- sential, especially since Martin's bakery products are only on the stores
dards, the company said.
"We see this as not only as an investment shelves for 3-4 days, which is a signifiin our company but also an investment in cantly shorter amount of time than our

Grupo Bimbo finalizes acquisition
of East Balt Bakeries
MEXICO CITY - Grupo Bimbo S.A.B. de
C.V. on Oct. 16 said it has completed the
acquisition of Chicago-based East Balt
Bakeries from One Equity Partners for
$650 million.
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
baking plants 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.
"East Balt Bakeries brings us a talented team of professionals with great
experience in the food service industry,"
said Daniel Servitje, chairman and chief
executive officer of Grupo Bimbo. "Our
entry into eight new countries represents
an important step in achieving our vision
of transforming the baking industry and
expanding our global leadership to better serve more consumers. We warmly
welcome all our new East Balt associates

Dave's Killer Bread adds to
Thin-Sliced bread line
MILWAUKIE, ORE. - Dave's Killer
Bread (D.K.B.), a subsidiary of Flowers
Foods, Inc., is expanding its Thin-Sliced
bread line with a new variety: White
Bread Done Right Thin-Sliced.
The bread, which contains 8 grams of
whole grains and 80 calories per slice, features quinoa, spelt, rye, millet and barley.
White Bread Done Right Thin-Sliced is
also U.S.D.A.-certified organic, Non-GMO
10 / October 24, 2017 XMilling & Baking News

Project verified, meets the Whole
Grain Stamp requirements and is
made with no bleached flour, no
high-fructose corn syrup and no artificial preservatives or ingredients.
"Our White Bread Done Right is
one of D.K.B.'s most popular varieties, and people love our ThinSliced products," said Cristina
Watson, brand manager for D.K.B.

competitors' products," Mr. Martin said.
"We are thrilled that Martin's Famous
Pastry Shoppe, Inc. is nearly doubling
their footprint in Georgia with this expansion," said Pat Wilson, commissioner
of the Georgia Department of Economic
Development. "It's a win for all of us
when a company announces they are expanding to accommodate projected sales
growth in the U.S. and around the world.
I also commend our economic development partners in Valdosta who have supported their efforts."
Tom Call, chairman of the Valdosta-Lowndes County Development
Authority, described Martin's as a
hometown favorite known throughout the country for its "great-tasting,
quality bread and rolls."
"We are very pleased they are
investing more into our community with more jobs and capital
investment," Mr. Call said.
The Martin's Potato Roll and Bread bakery in Valdosta has been producing Martin's
products since 2008. The design, build and
installation of the new production line is expected to be completed by February 2019.
In addition to Valdosta, Martin's operates a baking plant in Chambersburg, Pa. MBN
to the Grupo Bimbo family and look forward to working together within our new
division: Bimbo QSR."
Diego Gaxiola, chief financial officer of
Grupo Bimbo, added, "The integration of
East Balt helps drive forward our value
creation objectives, as the approximate
3% and 5% annualized increase in group
sales and EBITDA translates directly into
accretive margins, earnings per share and
profitability. To fund the transaction, we
are drawing down an existing committed
long-term revolving credit facility and
utilizing part of the resources obtained
from the recent local bond issuance: BIMBO17. This strategy preserves the company's financial flexibility and healthy
credit profile." MBN
"So, we thought, what a perfect opportunity to marry the two and load up a smaller loaf with that new-school nutrition. Our
Thin-Sliced options are not only ideal for
calorie counters or those desiring a
smaller portion size, they're also a
great option for kids ... and White
Bread Done Right Thin-Sliced is even
more perfect for kids, considering its
soft, smooth texture."
White Bread Done Right ThinSliced will be available nationally
this month with a suggested retail
price of $4.99. MBN
FLOWERS FOODS, INC.

Martin's Famous Pastry Shoppe
expanding Georgia baking plant

bakingbusiness.com / world-grain.com

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Milling & Baking News - October 24, 2017

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