Milling & Baking News - May 19, 2020 - 11

Business

The Bakery Cos. breaks ground
on croissant baking operation
NASHVILLE, TENN. - To bolster its
presence in the breakfast carrier category, The Bakery Cos. has broken ground
on a 50,000-square-foot expansion to its
Nashville operation to produce frozen,
thaw-and-serve croissants for the retail,
in-store bakery and foodservice channels.
Yianny Caparos, president, The Bakery
Cos., said the new bakery will boast one
of the nation's largest high-speed croissant production lines as well as enough
cold storage space to house an additional
5,000 pallets of frozen product.
The expansion is located on land adjacent to the company's Nashville cold
storage facility, where it also operates a
frozen biscuit and dough operation. The
company plans to hire 70 people to support the new bakery.
The Bakery Cos. was recapitalized in

September 2019 by Chicago-based Arbor Investments, a private equity firm
that invests in companies in the food and
beverage industries. The company makes
a range of fresh and frozen buns, bread,
biscuits, English muffins and frozen
dough products.
"We really like the biscuit and English
muffin as versatile breakfast carriers,"
Mr. Caparos said. "The natural product
line extension to this daypart is croissants. We're thrilled to round out our
category offering with thaw-and-serve,
sliced butter and margarine croissants
that come in all shapes and sizes and will
be manufactured at high speeds that enable us to be a low-cost provider."
For Mr. Caparos and his brother,
George Caparos, chief development officer, the return to the croissant market

Aryzta outlines wide sweeping
COVID-19 cost-saving measures
SCHLIEREN, SWITZERLAND - Aryzta AG on May 4 outlined measures it
has taken since mid-March to maximize
cash and cut costs during the coronavirus
(COVID-19) pandemic.
Aryzta has paused production at eight
baking plants - five in North America and
three in Europe - since April 30. In addition, the company temporarily has closed
more production lines within baking plants
to reduce capacity in line with demand.
Approximately 30% of Aryzta's current

workforce has been furloughed, including temporary staff, and future capital
expenditures have been suspended with
the exception of maintenance and health
and safety, the company said. The initiatives have yielded savings of more than
€50 million, Aryzta said.
Aryzta also has postponed future Project Renew programs where additional
cash would be needed and is eliminating discretionary costs to the maximum
extent possible. The company is using

New PepsiCo direct-to-consumer
e-commerce platforms launched
PURCHASE, NY. - PepsiCo, Inc. has
launched PantryShop.com as well as
Snacks.com, two direct-to-consumer
e-commerce platforms that feature the
company's portfolio of products.
On PantryShop.com consumers
may buy bundles of products organized around a daypart or activity.
The Rise & Shine bundle, for example, includes Tropicana Juices,
Quaker Instant Oatmeal and Life
cereal. The Workout & Recovery
bundle includes Gatorade Whey
Protein bars, Muscle Milk protein
shake and Propel electrolyte water. Bundles come in standard and
family sizes and prices range between $29.95 and $49.95 per pack.

At Snacks.com consumers may curate
a package from the company range of
snack brands.
"We've seen incredibly strong demand

PEPSICO, INC.

bakingbusiness.com / world-grain.com

is a bit of a homecoming.
"It's a product that we've spent more
than 30 years baking, and that our father
so successfully introduced us to," Yianny
Caparos said. "It has provided a livelihood
for our family for decades. It's exciting to
be reentering the category and being able
to offer croissants to our friends in the industry who are looking for new partners."
Scott Shelley, corporate vice president
of operations, and Dan Dodevski, vice
president of engineering, will oversee the
project.
In March, The Bakery Cos. acquired
Steck Wholesale Foods of North Sioux
City, SD, which produces biscuits and
English muffins for grocers and convenience store chains.
Cordia Harrington, chief executive officer, noted the Steck purchase not only
provided "a hand-in-glove fit for The
Bakery Cos.," but also offered redundancy in manufacturing capabilities at geographically dispersed facilities. MBN
government support actions across its
regions, including partial reimbursement
of salary costs, social security and pension payment deferrals, as well as payroll, corporation and other tax payment
deferrals.
At the start of April, the executive management committee agreed to a threemonth 30% salary reduction. The broader
leadership team agreed to a 15% salary reduction, and the board of directors
agreed to a 30% reduction in fees. Aryzta
said lenders have given consent for a precautionary amendment of its financial covenants. As of April 30, Aryzta had liquidity
in excess of €385 million. MBN
for our snacks during this time, and
Snacks.com offers consumers another
way to purchase the products they love,
delivered right to their door," said Michael Lindsey, chief transformation and
strategy officer for Frito-Lay North
America.
The new initiative is in response to
consumers using online ordering
more in the wake of the coronavirus (COVID-19) pandemic, according to the company.
"In these uncertain times, as
more and more consumers are using e-commerce channels to purchase food and beverage products,
PantryShop.com and Snacks.com
offer shoppers another alternative
for easy and fast access to products they love," said Gibu Thomas, senior vice president and head
of e-commerce for the company. MBN
Milling & Baking News

May 19, 2020 / 11


http://www.Snacks.com http://www.Snacks.com http://www.PantryShop.com http://www.Snacks.com http://www.PantryShop.com http://www.PantryShop.com http://www.Snacks.com http://www.bakingbusiness.com http://www.world-grain.com

Milling & Baking News - May 19, 2020

Table of Contents for the Digital Edition of Milling & Baking News - May 19, 2020

Milling & Baking News - May 19, 2020 - 1
Milling & Baking News - May 19, 2020 - 1
Milling & Baking News - May 19, 2020 - 2
Milling & Baking News - May 19, 2020 - 3
Milling & Baking News - May 19, 2020 - 4
Milling & Baking News - May 19, 2020 - 5
Milling & Baking News - May 19, 2020 - 6
Milling & Baking News - May 19, 2020 - 7
Milling & Baking News - May 19, 2020 - 8
Milling & Baking News - May 19, 2020 - 9
Milling & Baking News - May 19, 2020 - 10
Milling & Baking News - May 19, 2020 - 11
Milling & Baking News - May 19, 2020 - 12
Milling & Baking News - May 19, 2020 - 13
Milling & Baking News - May 19, 2020 - 14
Milling & Baking News - May 19, 2020 - 15
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Milling & Baking News - May 19, 2020 - 18
Milling & Baking News - May 19, 2020 - 19
Milling & Baking News - May 19, 2020 - 20
Milling & Baking News - May 19, 2020 - 21
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Milling & Baking News - May 19, 2020 - 40
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Milling & Baking News - May 19, 2020 - 42
Milling & Baking News - May 19, 2020 - 43
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Milling & Baking News - May 19, 2020 - 48
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