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THE NEWS WEEKLY OF GRAIN-BASED FOODS
JANUARY 14, 2020

bakingbusiness.com / foodbusinessnews.net

WASHINGTON

Stock Market Review

Grain-based foods shares surge
in rip-roaring 2019 bull market
Holiday 'gift-giving'
includes vote on
U.S.M.C.A., trade deal
with China
Story on Page 30

LATE NEWS

Try our mobile app:
mixers.com/web-app

Flowers expanding
plant to handle organics
RICHMOND, VA. - Flowers Foods,
Inc. has unveiled plans to invest $25
million to expand and transform its
Lynchburg, Va., baking facility into
an organic plant. The facility has been
in operation for more than 40 years.
"This expansion represents a tremendous opportunity for us to meet the increasing demand for our Dave's Killer
Bread (D.K.B.) organic, Non-GMO
Project verified bread," said Bradley
K. Alexander, chief operating officer of
Flowers Foods. "We chose to convert
our Lynchburg bakery for a number of
reasons, including its geographic location, access to key interstate highways,
and the partnership we have with

Dow Jones average of industrial shares
and lagged moderately the 28.8% jump
in the S.&P.500 and the 33.1% surge in
the Nasdaq Index.
Among the sectors of the S.&P.500, the
Grain Based Foods Share Index fell short
of all but three. At 25.4%, the grain-based
Continued on Page 22

Grupo Bimbo acquires Lender's
business from Conagra Brands
MEXICO CITY - Bimbo Bakeries USA,
Inc., a business unit of Grupo Bimbo
S.A.B. de C.V., has acquired the Lender's
Bagels business from Conagra Brands,
Inc., Chicago. Terms of the transaction
were not disclosed.
The transaction is expected to close in
the third quarter of fiscal 2020.
The acquisition includes the Lender's

brand and a baking plant in Mattoon,
Ill. Conagra Brands acquired the Lender's Bagels business as part of its $10.9
billion acquisition of Pinnacle Foods,
Inc. in 2018.
Lender's Bagels history dates back to
1927, when Harry Lender started the New
York Bagel Bakery in the family garage in
New Haven, Conn. As the business grew
into the late 1950s, Harry's sons, Murray
and Marvin, began to freeze the bakery's
bagels to keep up with consumer demand,
defrosting them for higher-volume weekend sales. This technique proved to be the
catalyst for much of the future success for
the company and the product.
The Lender brothers took ownership

Call Jim White for more
information at 816-756-1000
or e-mail reprints@sosland.com
Continued on Page 8

1-800-243-ROSS

KANSAS CITY - Rallying following a
disappointing performance the year before, the Grain-Based Foods Share Index
soared to a record close in 2019. Ending at
27004.09, the index, compiled by Milling &
Baking News, rose 25.4% during the year.
The gain was the widest for a single
year since 2000, when the index jumped
35.5%, and signaled a resumption of the
extended bull market in grain-based
foods shares that was interrupted in
2018 with an 11.8% decline. Before 2018,
the G.B.F. index had posted gains nine
consecutive years.
While shares of food companies and
consumer staples in general tend to lag
the stock market during the strongest
bull markets, the Grain-Based Foods
Share Index held its own in 2019 relative to other markets. The 25.4% gain
was greater than a 21.8% advance in the

©JOYFOTOLILAKID- STOCK.ADOBE.COM

STATEMENT OF OWNERSHIP
MANAGEMENT AND CIRCULATION
(Requester Publications Only)
1. Publication Title: Milling & Baking News
2. Publication Number: 508300
3. Filing Date: September 22, 2020
4. Issue Frequency: Bi-Weekly
5. No. of issues published annually: 26.
6. Annual Subscription Price: $135.00
7. Complete mailing address of known office of publication:
Sosland Companies, Inc., 4801 Main St., Suite 650,
Kansas City, Missouri 64112-2513.
8. Complete mailing address of the headquarters or general
business offices of the publisher: Same as above.
9. Full names and complete mailing addresses of publisher,
editor, and managing editor: Publisher: Michael Gude, Sosland
Companies, Inc., 4801 Main St., Suite 650, Kansas City, Missouri
64112-2513. Editor: L. Joshua Sosland, Sosland Companies, Inc.,
4801 Main St., Suite 650, Kansas City, Missouri 64112-2513.
10. Owner: Sosland Companies, Inc., Charles S. Sosland and L.
Joshua Sosland, 4801 Main St., Suite 650, Kansas City,
Missouri 64112-2513.
11. Known bondholders, mortgagees, and other security holders
owning or holding 1 percent or more of total amount of bonds,
mortgages or other securities: none.
12. Tax Status: Has not changed during preceding 12 months.
13. Publication Title: Milling & Baking News
14. Issue Date for Circulation Data Below: September 8, 2020
15. Extent and Nature of Circulation:
Average
No. Copies
No. Copies
of Single
Each
Issue
Issue During
Published
Preceding
Nearest to
12 Months
Filing Date
a. Total Number of
Copies (net press run)
4,810
5,111
b1. Outside country paid/
requested mail subscriptions
stated on PS Form 3541
2,437
3,108
b2. In-county paid / requested
mail subscriptions stated on
PS form 3541
0
0
b3. Sales through dealers and
carriers, street vendors,
counter sales and other paid
or requested distribution
outside USPS
170
172
b4. Requested copies distributed
by other mail classes
through the USPS
0
0
c. Total paid and/or requested
circulation distribution
2,607
3,280
d1. Outside County nonrequested
copies stated on PS Form 3541
1,421
1,486
d2. In-County nonrequested copies
stated on PS Form 3541
0
0
d3. Nonrequested copies distributed
through the USPS by
other classes of mail
0
0
d4. Nonrequested copies distrbuted
outside the mail
56
0
e. Total nonrequested
distibution
1,477
1,486
f. Total distribution
4,084
4,766
g. Copies not distributed
727
345
h. Total
4,811
5,111
i. Percent paid and/or
requested circulation
64%
69%
16. Electronic Copy Circulation
a. Requested and Paid Electronic Copies
304
685
b. Total Requested and Paid Print Copies
(Line 15c) + Requested/Paid Electronic
Copies (Line 16a)
2,911
3,965
c. Total Requested Copy Distribution
(Line 15f) + Requested/Paid
Electronic Copies (Line 16a)
4,388
5,451
d. Percent Paid and/or Requested
Circulation (Both Print & Electronic Copies)
(16b divided by 16c x 100)
66%
73%
I certify that 50% of all my distributed copies (electronic and
print) are legitimate requests or paid copies.
17. Publication of Statement of Ownership for a Requester
Publication is required and will be printed in the
October 6, 2020 issue of this publication
18. Signature and Title of Editor, Publisher, Business Manager
Michael Barbee, Audience Development Director - Sept. 22, 2020
I certify that all information furnished on this form is true and
complete. I understand that anyone who furnishes false or misleading
information on this form or who omits material or information
requested on the form may be subject to criminal sanctions
(including fines and imprisonment) and/or civil sanctions (including
civil penalties).

Continued on Page 11

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Milling & Baking News - October 6, 2020

Table of Contents for the Digital Edition of Milling & Baking News - October 6, 2020

Milling & Baking News - October 6, 2020 - 1
Milling & Baking News - October 6, 2020 - 1
Milling & Baking News - October 6, 2020 - 2
Milling & Baking News - October 6, 2020 - 3
Milling & Baking News - October 6, 2020 - 4
Milling & Baking News - October 6, 2020 - 5
Milling & Baking News - October 6, 2020 - 6
Milling & Baking News - October 6, 2020 - 7
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Milling & Baking News - October 6, 2020 - 9
Milling & Baking News - October 6, 2020 - 10
Milling & Baking News - October 6, 2020 - 11
Milling & Baking News - October 6, 2020 - 12
Milling & Baking News - October 6, 2020 - 13
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Milling & Baking News - October 6, 2020 - 15
Milling & Baking News - October 6, 2020 - 16
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Milling & Baking News - October 6, 2020 - 18
Milling & Baking News - October 6, 2020 - 19
Milling & Baking News - October 6, 2020 - 20
Milling & Baking News - October 6, 2020 - 21
Milling & Baking News - October 6, 2020 - 22
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Milling & Baking News - October 6, 2020 - 30
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Milling & Baking News - October 6, 2020 - 47
Milling & Baking News - October 6, 2020 - 48
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