Milling & Baking News - October 20, 2020 - 11

Business

15 Flowers Foods bakeries earn
EPA Energy Star certification

FLOWERS FOODS

To gain Energy Star certification, a
plant must perform in the top 25% of similar facilities across the United States for
energy efficiency and meet energy effiThirteen of the 15 plants also were En- ciency standards established by the EPA.
THOMASVILLE, GA. - Flowers Foods,
"It is a testament to these bakeries'
Inc. on Oct. 6 announced 15 of its US bak- ergy Star certified in 2019. New to the 2020
ing plants have been granted Environ- list were the Houston and Modesto plants. commitment to sustainable environmental practices that they were able to
mental Protection Agency Energy
achieve the EPA's rigorous Energy
Star certification for 2020. In 2019,
Star standards, despite the chal13 of the company's 46 bakeries
lenges created by the pandemic,"
achieved Energy Star status.
said Margaret Ann Marsh, vice
Flowers baking plants that represident of environmental sustainceived Energy Star status are loability at Flowers. "I am pleased
cated in Batesville, Ark.; Baton
to report that Flowers Foods is
Rouge, La.; El Paso, Texas; Henderon track to reach and surpass the
son, Nev.; Houston; Lafayette, La.;
greenhouse gas emissions target
Lynchburg, Va.; Modesto, Calif.;
we've set for 2025."
New Orleans; Norfolk, Va.; and TyAs a part of the company's enler, Texas. Also achieving certificaergy efficiency and conservation eftion were Alpine Valley Bread Co.,
forts, Flowers said it is pursuing its
Mesa, Ariz.; Dave's Killer Bread,
Milwaukie, Ore.; Holsum Bakery of
Its facility in Modesto, Calif., was among 15 Flowers 2025 goal of reducing greenhouse
Tolleson, Ariz.; and Tuscaloosa OrFoods baking plants granted Environmental Protection gas emissions by 20% per tonne of
product produced. MBN
ganic Baking Co., Tuscaloosa, Ala.
Agency Energy Star certification for 2020.

PepsiCo allocates 2019 Green Bond
funds toward sustainability vision
PURCHASE, NY. - PepsiCo, Inc. has put
nearly $450 million of its $1 billion Green
Bond to use in support of packaging, decarbonization and water, the company
announced on Oct. 13. Funds also have
been allocated toward advancing several
of the United Nations' Sustainable Development Goals, PepsiCo said.
The company's first-ever Green Bond
was issued in October 2019. At that time,
PepsiCo said net proceeds of the $1 billion fund would be allocated to investments where the company believes it can
make a lasting impact on priorities within
its sustainability agenda.
"We are focused on accelerating our
momentum to further align business and

purpose, and are proud of the progress
we've made toward building and investing in a more sustainable future," said
James P. Andrew, chief sustainability officer at PepsiCo. "The Green Bond is one
of the many tools we're using to advance
critical steps in our sustainability journey,
and it is a significant catalyst for continued
progress."
PepsiCo said that as of Dec. 31, 2019,
$447 million of the net proceeds from the
Green Bond have been allocated. Highlights include:
* Approximately $200 million to procure recycled polyethylene terephthalate
(rPET) plastic for the company's North
American beverage packaging, avoiding

Newlat Food submits non-binding
offer for Hovis Holdings
REGGIO EMILIA, ITALY - Newlat Food
SpA, an Italian food company, has submitted a non-binding offer to acquire all
the shares of Hovis Holdings Ltd.
Financial terms of the offer were not
disclosed, but Newlat said the offer was
formulated "by evaluating the sustainability of the investment in the short, medium and long term, in compliance with
the rigorous economic and financial discipline that has always characterized the
company's investments."
"The management of Newlat Food
bakingbusiness.com / world-grain.com

considers it useful to underline that the
acquisition of Hovis, an over 100-year-old
brand with a great tradition and recognizability in the United Kingdom, would
allow Newlat Food to anticipate by 24
months two important objectives set out
in the business development plan proposed to investors during the IPO roadshow: Achieve consolidated revenues of
approximately €1 billion (and) become
one of the most important operators in
the food sector in Europe, with a substantial market share in Italy, Germany and

approximately 210,000 tonnes of greenhouse gas emissions;
* More than $110 million to help transition the company-owned fleet to lowercarbon models;
* $98 million to build a green R&D facility in Valhalla, NY, featuring 681 solar
panels, among other innovations; and
* $9 million to improve water-use efficiency in the company's plants, including a project at a PepsiCo snack plant
in Vallejo, Mexico, a high-water-risk location, which implemented new water
treatment technologies resulting in 70%
water reuse rates.
"We are incredibly proud that we're
among the first corporations in the food
and beverage industry to issue a green
bond, and we're excited about accelerating our momentum to further align business and purpose," Mr. Andrew said. MBN
the United Kingdom," Newlat Food said.
Newlat added that the production and
distribution structure of Hovis would offer the possibility to benefit from numerous synergies and to implement a virtuous cross-selling activity.
Hovis is owned by Premier Foods and
The Gores Group. Its portfolio includes
a broad range of baked foods, including
bread, muffins and pancakes.
The Newlat Group is a multi-channel
player in the Italian and European agrifood sector. The Newlat Group is mainly
active in the pasta, dairy, bakery and special products sectors, and in particular in
the health and wellness, gluten-free and
baby food sectors. MBN
Milling & Baking News

October 20, 2020 / 11

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Milling & Baking News - October 20, 2020

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