Milling & Baking News - January 12, 2021 - 50

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THE NEWS WEEKLY OF GRAIN-BASED FOODS
DECEMBER 15, 2020

bakingbusiness.com / foodbusinessnews.net

Aryzta reshaping structure through
sell-offs, management makeover

CONSUMER TRENDS

People keep baking at
home, ordering online
during pandemic

Digital
Delivery

Story on Page 26

LATE NEWS

Flowers taps Varnedoe
to lead transformation
THOMASVILLE, GA. - Heeth Varnedoe has been promoted to the newlycreated role of chief transformation officer at Flowers Foods, Inc. Mr. Varnedoe,
currently senior vice president of DSD
regions/sales, will take over his new
responsibilities on Jan. 4, 2021. Flowers
said Mr. Varnedoe's initial focus will
center on the company's digital and enterprise resource planning (ERP) initiative, which is a newly launched, multiyear effort to transform the company's
organizational capabilities, implement
new technologies, and make data-driven decisions. Mr. Varnedoe joined Flowers in 1990, holding a number of management positions, including president
Continued on Page 8

SCHLIERIN, SWITZERLAND - As
Aryzta AG prepared for its annual general meeting set for Dec. 15, a flurry of
moves over the past two weeks have
perhaps laid the foundation for what's
to come for the Swiss-based company.
Less than a month
after revealing that
it had hired investment banks Houlihan Lokey and Alantra to help it offload
some of its assets so it could " simplify
its business model by concentrating on
core markets and core businesses, " Aryzta on Dec. 7 announced it has sold its
take-and-bake pizza business in North
America to Great Kitchens Food Company, Inc. for an undisclosed sum.
Offloading assets is only part of a
raft of changes taking place at Aryzta,
though. On the same day the pizza sale

was announced, Aryzta confirmed that
it has received a conditional offer from
Elliott Advisors (UK) Ltd., an affiliate of
Elliott Management Corp., to purchase
the entire share capital of the company
for 0.80 Swiss francs per share (88¢ per
share), or approximately 794 million
Swiss francs ($872
million).
Aryzta
said its board " will
carefully consider
the offer in accordance with its fiduciary
duties and processes in due time. "
The company also on Dec. 7 revealed
that two members of its executive committee, John Heffernan and Tony Murphy, have stepped down from the company immediately.
Mr. Heffernan joined Aryzta in March
2018 as group chief strategy officer, and
Continued on Page 10

READY-TO-EAT CEREAL UPDATE

Bored by breakfast? Cereal
makers rise to the occasion

O

ver the past several years
convenient alternatives have
drawn more and more consumers away from the ready-to-eat cereal
category. Bar makers have introduced
myriad products geared toward giving
consumers their morning punch - all
in a format easy to eat on the go. Oatmeal makers have debuted microwavable bowls that have provided consumers a quick, hot breakfast option. And
for those individuals not wanting to
mess with meals at home, quick-service

restaurant chains have strengthened
their breakfast menus.
But something changed with the onset of the coronavirus (COVID-19) pandemic: Consumers have rediscovered
the RTE cereal category.
Adults encouraged to work from
home and children forced to school from
home have spurred a resurgence in a
once dominant category. Dollar sales in
the RTE cereal category in the 52 weeks
ended Nov. 29 were $9.3 billion, up 8%
from the same period a year ago, according to data from Information Resources,
Inc., a Chicago-based market research
firm. Unit sales during the period increased 5.2% to 2.72 billion.
" With so many people now working
from home instead of commuting, many
consumers are no longer eating on-thego or foodservice breakfasts, " said Ryan
Continued on Page 22

RESERVE YOUR AD SPACE TODAY!
001_MBN_December15_20.indd 1

1-800-243-ROSS

12/11/2020 10:03:42 AM

Contact: Lily Alvarez * Phone: 816-968-2815
Email: lalvarez@sosland.com

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21/,1(&ODVVLÀHG$GYHUWLVLQJ
Contact Lily Alvarez - Lalvarez@sosland.com
www.bakingbusiness.com/classifieds

50 / January 12, 2021

Milling & Baking News

bakingbusiness.com / world-grain.com


http://www.bakingbusiness.com http://www.foodbusinessnews.net http://www.mixers.com/web-app http://www.ribbonblenders.com http://www.bakingbusiness.com/classifi 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
Milling & Baking News - January 12, 2021 - 1
Milling & Baking News - January 12, 2021 - 2
Milling & Baking News - January 12, 2021 - 3
Milling & Baking News - January 12, 2021 - 4
Milling & Baking News - January 12, 2021 - 5
Milling & Baking News - January 12, 2021 - 6
Milling & Baking News - January 12, 2021 - 7
Milling & Baking News - January 12, 2021 - 8
Milling & Baking News - January 12, 2021 - 9
Milling & Baking News - January 12, 2021 - 10
Milling & Baking News - January 12, 2021 - 11
Milling & Baking News - January 12, 2021 - 12
Milling & Baking News - January 12, 2021 - 13
Milling & Baking News - January 12, 2021 - 14
Milling & Baking News - January 12, 2021 - 15
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Milling & Baking News - January 12, 2021 - 18
Milling & Baking News - January 12, 2021 - 19
Milling & Baking News - January 12, 2021 - 20
Milling & Baking News - January 12, 2021 - 21
Milling & Baking News - January 12, 2021 - 22
Milling & Baking News - January 12, 2021 - 23
Milling & Baking News - January 12, 2021 - 24
Milling & Baking News - January 12, 2021 - 25
Milling & Baking News - January 12, 2021 - 26
Milling & Baking News - January 12, 2021 - 27
Milling & Baking News - January 12, 2021 - 28
Milling & Baking News - January 12, 2021 - 29
Milling & Baking News - January 12, 2021 - 30
Milling & Baking News - January 12, 2021 - 31
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Milling & Baking News - January 12, 2021 - 42
Milling & Baking News - January 12, 2021 - 43
Milling & Baking News - January 12, 2021 - 44
Milling & Baking News - January 12, 2021 - 45
Milling & Baking News - January 12, 2021 - 46
Milling & Baking News - January 12, 2021 - 47
Milling & Baking News - January 12, 2021 - 48
Milling & Baking News - January 12, 2021 - 49
Milling & Baking News - January 12, 2021 - 50
Milling & Baking News - January 12, 2021 - 51
Milling & Baking News - January 12, 2021 - 52
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Milling & Baking News - January 12, 2021 - 55
Milling & Baking News - January 12, 2021 - 56
https://www.nxtbook.com/sosland/mbn/2021_01_26
https://www.nxtbook.com/sosland/mbn/2021_01_12
https://www.nxtbook.com/sosland/mbn/2020_12_29
https://www.nxtbook.com/sosland/mbn/2020_12_15
https://www.nxtbook.com/sosland/mbn/2020_12_01
https://www.nxtbook.com/sosland/mbn/2020_11_17
https://www.nxtbook.com/sosland/mbn/2020_11_03
https://www.nxtbook.com/sosland/mbn/2020_10_20
https://www.nxtbook.com/sosland/mbn/2020_10_06
https://www.nxtbook.com/sosland/mbn/2020_09_22
https://www.nxtbook.com/sosland/mbn/2020_09_08
https://www.nxtbook.com/sosland/mbn/2020_08_25
https://www.nxtbook.com/sosland/mbn/2020_08_11
https://www.nxtbook.com/sosland/mbn/2020_07_28
https://www.nxtbook.com/sosland/mbn/2020_07_14
https://www.nxtbook.com/sosland/mbn/2020_06_30
https://www.nxtbook.com/sosland/mbn/2020_06_16
https://www.nxtbook.com/sosland/mbn/2020_06_02
https://www.nxtbook.com/sosland/mbn/2020_05_19
https://www.nxtbook.com/sosland/mbn/2020_05_05
https://www.nxtbook.com/sosland/mbn/2020_04_21
https://www.nxtbook.com/sosland/mbn/2020_04_07
https://www.nxtbook.com/sosland/mbn/2020_03_24
https://www.nxtbook.com/sosland/mbn/2020_03_10
https://www.nxtbook.com/sosland/mbn/2020_02_25
https://www.nxtbook.com/sosland/mbn/2020_02_11
https://www.nxtbook.com/sosland/mbn/2020_01_28
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https://www.nxtbook.com/sosland/mbn/2019_09_24
https://www.nxtbook.com/sosland/mbn/2019_09_10
https://www.nxtbook.com/sosland/mbn/2019_08_27
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https://www.nxtbook.com/sosland/mbn/2019_07_30
https://www.nxtbook.com/sosland/mbn/2019_07_16
https://www.nxtbook.com/sosland/mbn/2019_07_02
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https://www.nxtbook.com/sosland/mbn/2019_04_09
https://www.nxtbook.com/sosland/mbn/2019_03_26
http://digitalmbn.bakingbusiness.com/sosland/mbn/2019_03_12
http://digitalmbn.bakingbusiness.com/sosland/mbn/2019_02_26
http://digitalmbn.bakingbusiness.com/sosland/mbn/2019_02_12
http://digitalmbn.bakingbusiness.com/sosland/mbn/2019_01_29
http://digitalmbn.bakingbusiness.com/sosland/mbn/2019_01_15
http://digitalmbn.bakingbusiness.com/sosland/mbn/2019_01_01
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_12_18
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_12_04
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_11_20
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_11_06
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_10_23
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_10_09
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_09_25
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_09_11
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_08_24
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_08_14
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_07_31
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_07_17
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_07_03
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_06_19
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_06_05
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_05_22
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_05_08
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_04_24
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_04_10
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_03_27
https://www.nxtbook.com/sosland/mbn/2018_03_13
https://www.nxtbook.com/sosland/mbn/2018_02_27
https://www.nxtbook.com/sosland/mbn/2018_02_13
https://www.nxtbook.com/sosland/mbn/2018_01_30
https://www.nxtbook.com/sosland/mbn/2018_01_16
https://www.nxtbook.com/sosland/mbn/2018_01_02
https://www.nxtbook.com/sosland/mbn/2017_12_19
https://www.nxtbook.com/sosland/mbn/2017_12_05
https://www.nxtbook.com/sosland/mbn/2017_11_21
https://www.nxtbook.com/sosland/mbn/2017_11_07
https://www.nxtbook.com/sosland/mbn/2017_10_24
https://www.nxtbook.com/sosland/mbn/2017_10_10
https://www.nxtbook.com/sosland/mbn/2017_09_26
https://www.nxtbook.com/sosland/mbn/2017_09_12
https://www.nxtbook.com/sosland/mbn/2017_08_29
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