Kellogg trumps Abraaj in $125m Bisco Misr bid
Kellogg has triumphed in its battle to acquire Egyptian snack maker Bisco Misr, following the withdrawal of rival bidder Abraaj Capital at the end of last month.
Archives for January 12, 2015
Research
Soybean salt tolerance gene identified as crop land gets more saline
With the amount of saline agricultural land expected to double by 2050, a Sino-Australian research effort has identified a specific soybean gene that it believes will vasty improve crop resistance to salt.
The start-up era? Curious consumers and online shoppers help, says Mintel
The start-up explosion in bakery, cereal and snacks will continue as online shopping booms and consumers seek out the extraordinary, says Mintel.
Aryzta forms flatbreads firm with ex-Honeytop bosses
Aryzta has pledged to shake up the ethnic baking category, creating UK business Signature Flatbreads with the help of the former bosses of Aryzta subsidiary Honeytop Speciality Foods.
Company boosting output at pilot plants
Metabolix scales back biopolymer manufacturing plans
Metabolix, which develops biopolymers for use in packaging and other applications, recently announced it is revising its manufacturing plans for 2015.
Grupo Bimbo faces strong headwinds with Saputo Bakery
Grupo Bimbo’s acquisition of Saputo Bakery is a surprise because the Canadian packaged cake firm is unprofitable and struggling, says Euromonitor International.