Milling & Baking News - March 10, 2020 - 50

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THE NEWS WEEK
LY OF GRAI
N-BASED FOOD
S

Y 25, 2020
FEBRUAR
DS
ASED FOO
OF GRAIN-B
S WEEKLY
THE NEW

bakingbusiness
.com / foodbu

Stock Mark
et Review

FOODS

to
SVIL
THOMA Foods, Inc. folio and sup-t
ers
at Flow 's product portmaterially boos
ed
company is expected to masville-bas
to
n
ply chai gins at the Thofit is expected
yield a
profit mar. And the bene
ity will
quickly. company will
company
t profitabil
evident
emh the
to boos
ulbecome
last fall
tive was
with whic
6, Mr. McM
ome.
The pace from this initia ce call led by
better outc erence call Feb.ce initial savings
gs
eren
In a conf d "confiden
reap savinin a Feb. 6 conf f executive offized this
be reali
esse
chie
fits
ized
ic
n,
phas
ullia
lian expr e projects can t of the bene
s McM
es
hydrolog
thes
mos
results
has been
A. Ryal
pany's
Brazil's from 2014 eas
ket that a num- from." He projected
Flowers.
com
mar
of
s
the
cer
in
year
t
s for
d food
show up r.
In a bake in recent year ration voiced
drough ny season
ts from
would
ing
mid-yea ment effor
frust
After
rai
optiwing
one
n
out.
challeng
to
follo
chai
improve
due
stands
reasons,
supply
restrucerway,
utives
"Margin
ber of
Page 32
ers exec a broad-based Project
folio and are now und once
port
Story on
its
by Flow
that
executed
through major in- our tion program confidence
Flowers the business
rem ove
2016,
t miza
of
have high
rts will Page 26
ched in
the effor
turing
and we , thes e effo
on
ial laun
part of
d imuted
Continued
Centenn that were
anticipate
n exec
ts
S
vestmen translate into Mr. McMullia
LATE NEW
.
to
failed
margins effort launched
profit
proved a new holistic
The J.M.
believes
FLA. - d plans to
RATON,
unce
BOCA Co. has anno line into cat,
Smucker Uncrustables T. Smucker
ch com
k
its
2021, whi ed by
expand
ies. Mar utive officer,
fiscal year ion authoriz
adjacenc
ction
egory
ion for
chief exec the compamill
and
t
ng
e mill d with $85.3 2020. The redu reCona mov
presiden icipants duri
get
at the
fiscal
owing
- pare
t's bud pub- Foll of staff mem
gress for
told part 19 presentation New York
presiden
arch,
of
GTON
to Con ained in the
in rese
ny's Feb. lyst Group that SmuckWASHIN fewer than 10% to relocate
cont
osed cuts
Ana
ns
d
ch
Raton
osals
ed prop staff.
sumer
in whi pted invitatio , the Econombles bran
prop
in Boca
flect
ce
rusta
get
City
and
artal
bud
k opconferen nd the Unc
bers acce es in Kansas
on arriv lications presidents'
U.S. Dep
and snac
expa
ed dead
rthe
line of
e lunch
er will
ice of thebeen targeted
While
new offic
consider s, they neve
ing mor ch includes a variarch Serv
has
s and
by offer
cally are
gres
ic Rese Agriculture ration for a 27%
ding
laun
i- typi n sent to Con ration prioritie issed.
ups, inclu a line of
tions. "The
ment of
The pres
administ
inist
-eat rollse and
Trump 2021 budget.
$62 whe reflect adm be so easily dismTrump
ecue
thaw-and t and chee
by the
get of
less
the
ring barb said.
fiscal
mea
S. bud
may not
E.R.S.,
eties of -eat bites featu
cut in the osed an E.R.
," he
therefore case of the d efforts to trim
kthe
varieties on, these
heat-and
dent prop
And in ration's sustaine get and wor
secti
and taco
8
, bud
ious
chicken in the freezer inued on Page
administ
activities gress in prev d
nd
Cont
cy's
ishe
"Fou
the agen arted by Con
accompl the
by
force, thw s, largely were
process,
38
cycle
geting
budget
on Page
the bud
Continued
outside

expand
bles to
Uncrusta categories
into new

www.Rental-Mixers.com

Grain-based
in rip-roari foods shares su
rge
ng 2019 bu
KANSAS
CITY -
ll market
Rallying
disappointi
following
ng perfor
a
fore, the
mance the
Grain-Based
year be-

Holiday 'gift
includes vote-giving'
U.S.M.C.A., on
trade dea
with Chin
l
a
Story on Page

LATE NEWS

30

Flowers exp
plant to han anding
dle organic
s

soared to
a record closeFoods Share Index
27004.09,
in 2019. Endin
the
g at
Baking News, index, compiled by
Milling &
rose 25.4%
The gain
during the
year since was the widest for year.
2000, when
a
35.5%, and
the index single
signaled
extended
a resumptionjumped
bull mark
foods share
et in grain of the
2018 with s that was interr -based
an 11.8%
upted in
decline. Befor
the G.B.F
. index had
e
consecutive
posted gains 2018,
years.
nine
While share
s of food
consumer
Dow Jones
companies
staples in
average
and
the stock
gener
market durin al tend to lag and lagged mode of industrial share
bull mark
rately the
s
in the S.&P.
g the strong
ets, the
28.8% jump
500 and
est
Grain-Base
Share Index
the 33.1%
d Foods the Nasdaq Index
surge in
tive to other held its own in
.
Among the
2019 relamarkets.
sector
was greate
r than a 21.8%The 25.4% gain Grain Based Foods s of the S.&P.500,
the
Share Index
of all but
advance
three. At
fell short
in the
25.4%, the
grain-based
Contin

RICHMON
D, VA. -
Inc. has
Flowers
unveiled
Foods,
plans
million to
expand and to invest $25
Lynchburg,
Va., bakin transform its
an organ
ic plant. The g facility into
in operation
facility has
"This expan for more than 40 been
years.
dous oppor sion represents a
ued on Page
trementunity for
creasing dema
22
us to meet
the inBread (D.K. nd for our Dave
's
Killer
Project verifi B.) organic, Non-G
MO
K. Alexander,ed bread," said
MEXICO
Bradl
CITY
Flowers Foodschief operating office ey
Inc., a busin - Bimbo Baker
r of
ies
. "We chose
ess unit
our Lynch
S.A.B. de
of Grupo USA, brand and
to convert
burg baker
C.V.,
reasons, includ
y for a
Bagels busin has acquired the Bimbo Ill. Cona a baking plant
in
Lender's
gra Brand
ing its geogr number of
tion, access
Inc., Chica ess from Conagra
s acquired Mattoon,
er's
aphic locaBagel
to key inters
go. Term
Brands,
the Lend
s business
and the
s of the
were not
partnership tate highways,
transaction billion acquisition as part of its
disclo
$10.9
we have
The transa sed.
Inc. in 2018.
of Pinna
with
cle Food
ction is expec
Continued
the third
s,
on Page 8
Lender's
ted to close
quart
Bagel
in 1927,
The acqui er of fiscal 2020.
when Harry s history dates back
sition includ
Lender starte
to
York
es the Lend
d the New
er's New Bagel Bakery in the
family garag
Haven,
e in
into the late Conn. As the busin
ess grew
and Marv 1950s, Harry's sons,
in, began
Murray
to
bagels to
keep up with freeze the bakery's
defrosting
consumer
them for
higher-volu demand,
end sales.
This techn
me weekique
catalyst for
much of the proved to be the
the comp
any and the future success for
product.
The Lend
er brothers
took owne
rship
Contin

dget
27% bu
oposes move
ration pr
ter
AdministE.R.S. even af
cut for

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s
ers Food
g at Flows rapidly
fit
st cuttin
New co nerating bene
ative
An initi the
-
seen ge
LE, GA.
optimize

Profile
Company

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WEATHER

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Grupo Bim
business bo acquires Lend
from Cona
er'
gra Brand s
s

ued on Page

7 AM
11:10:3
001_MBN_Janua

ry14_20.indd

11

1

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50 / March 10, 2020

Milling & Baking News

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Milling & Baking News - March 10, 2020

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