Milling & Baking News - January 12, 2021 - 16

Business

Peak Rock acquires Houston-based
Shipley Do-Nut Flour & Supply Co.
AUSTIN, TEXAS - An affiliate of private investment firm Peak Rock Capital has completed the acquisition of
Shipley Franchise Company and Shipley Do-Nut Flour & Supply Co. (Shipley Do-Nuts). Financial terms of the
transaction were not disclosed.
Founded in 1936, Houston-based
Shipley Do-Nuts is a quick-service
restaurant franchisor offering donuts,
kolaches and beverages. The company
has more than 300 locations spanning
nine states, and since the late 2010s it
has experienced a period of rapid expansion, debuting locations in Colorado, Florida and Oklahoma in 2018.
" My grandfather, father and I have
dedicated our lives to serving Shipley Do-Nuts, our franchisees and
our guests, " said Lawrence Shipley
III, who has retired from the company
after many years as president to focus
on other family investments. " After
an exhaustive search, it became clear
that Peak Rock Capital was the ideal
steward of our business as it pursues
the next stage of growth. My family is
thrilled to continue as investors in the

company, and we look forward to the
exciting growth to come. "
The acquisition of Shipley Do-Nuts
represents Peak Rock's twelfth investment in the food and beverage industry in recent years. Other companies

SHIPLEY DO-NUT FLOUR & SUPPLY

in Peak Rock's portfolio include Halo
Foods Ltd., Turkey Hill, Pretzels Inc.,
Louisiana Fish Fry, TNT Crust, Diamond Crystal Brands, Berner Food &

Research firm sees carbon-neutral
snack demand rising post-pandemic
LONDON - Carbon-neutral snack foods
are expected to gain an increasing importance to consumers in a post-pandemic
world, according to new research from
GlobalData, a London-based market research firm.
According to GlobalData, sustainability and reducing environmental impact are becoming ever more critical to
consumers' perceptions of brands. Citing new research, GlobalData said 41%
of European consumers now consider a
reduced environmental footprint to be
more important now than before the pandemic. In addition, 42% of European consumers said the COVID-19 pandemic has
made ethical or sustainable production
methods more important to them.
" Brands shouldn't dismiss the issue of
CO2 emissions, " said Ryan Whittaker, consumer analyst at GlobalData. " According
to GlobalData, while Gen Xers and millennials worldwide reported the most interest in products that lower environmental
footprints in the wake of the pandemic, it
has grown as a priority for all age groups.
It is a significant and pervasive effect and
not an issue that is going to go away. "
16 / January 12, 2021

Milling & Baking News

SnackFutures, the innovation and investment hub launched by Mondelez International, Inc. in mid-2019, is seeking to
capitalize on the trend toward carbon neutrality with the recent introduction of NoCoƩ. The sustainable cracker brand, available in France, is certified organic and relies on local suppliers and production. The
crackers are also a source of plant protein
and fiber, vegetarian and low in fat with
no added sugar, additives or palm oil.
" Other snack brands should take notes
from this product launch, " Mr. Whittaker
said. " SnackFutures has designed this
product to translate climate change into
something with a real physical presence,
something that empowers consumers to be
able to proactively contribute toward environmental protection: by choosing products
with sustainable, shorter supply chains and
carbon neutrality credentials. "
In addition to SnackFutures, Planet
FWD, a San Francisco-based food startup
founded in 2019 by Zume co-founder Julia Collins, in early December launched
its first product, Moonshot Snacks, carbon neutral crackers that also are plantbased, organic, kosher, and non-GMO. MBN

Beverage and Natural American Foods.
" Shipley represents an exciting
opportunity to invest in a beloved
consumer brand with an established
reputation for authenticity and quality, " said Robert Strauss, managing
director of Peak Rock. " We are incredibly impressed with the franchise
that the Shipley family has built, and
we look forward to partnering with
the company's management team
to invest behind their growth plan.
Shipley is deeply committed to continue providing existing franchisee
partners with opportunities to grow
their business and will actively seek
relationships with new partners who
are interested in being a part of our
growing concept. "
Anthony DiSimone, chief executive officer of Peak Rock, added, " This
transaction further exemplifies Peak
Rock's deep experience investing in
founder and family-owned businesses
and highlights our continued interest
in attractive investments in the food,
beverage and multi-unit consumer
sectors. We continue to seek consumer-oriented platforms and acquisitions
that we believe could benefit from our
ability to drive rapid growth and performance improvement. " MBN

New baking mix with
hemp lets home bakers
create French bread
PHILADELPHIA - Baking Innovation, a
consulting firm based in Philadelphia, has
developed Hemp N' Seeds, a rustic French
bread mix for home bakers. The first commercial production will be available early
in 2021, said Richard Charpentier, owner.
The mix creates bread with 19 grams
of whole grains per slice along with 14
grams of fiber and 5 grams of protein.
The mix contains hemp protein and
hemp seeds, both of which are viewed as
Generally Recognized as Safe (GRAS) by
the US Food and Drug Administration.
" Hemp seeds or hemp hearts are seeds
that have been hulled or shelled while
hemp protein is the powder form of
hemp seeds, " said Mr. Charpentier, a certified master baker.
The protein digestibility-corrected
amino acid score (PDCAAS) for hemp
protein ranges from 0.83 to 0.92, he said.
A perfect score is 1.0. Milk protein, which
has a 1.0 score, and wheat protein, 0.45,
also are found in Hemp N' Seeds.
Besides hemp seeds, the baking mix
contains flaxseeds, sesame seeds and
sunflower seeds. MBN
bakingbusiness.com / world-grain.com

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

Milling & Baking News - January 12, 2021

Table of Contents for the Digital Edition of Milling & Baking News - January 12, 2021

Milling & Baking News - January 12, 2021 - 1
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