Adam Foods has reached an agreement with Bimbo over the acquisition of the Panrico brand in Spain, Portugal and Andorra.
The agreement will not only give Adam Foods Group control of the Panrico bread and pastry brand in Spain, Portugal and Andorra, but also the production patents and licences to sell similar products in Italy, Germany and France.
It also includes the acquisition of Panrico’s production plants in Gulpilhares in the north of Portugal, and Teror in Gran Canaria, reports DistribuicaoHoje.com.
This transaction still needs authorisation from the relevant competition authorities, as well as a resolution from the Spanish Supreme Court. It is expected that the process will be completed during the second half of 2016.
Adam Foods is a Spanish business group specialising in biscuits, spreads, honey, pastries and concentrated broth. Last year, it saw estimated sales of €340 million.
By Gabriela Guédez
Source: European Supermarket Magazine
Danone has appointed three deputy CEOs to “better connect categories and regions” and drive the delivery of its ‘Renew Danone’ strategy. The new appointees are Veronique Penchienati-Bosetta, Shane Grant and Juergen Esser. They will report to Danone CEO Antoine de Saint-Affrique.
PepsiCo Portugal has announced that it will invest €7.5 million to construct a new biodigester, which will turn organic waste into biogas. As well as helping its Carregado facility to achieve a 30% reduction in carbon emissions, the biodigester will also contribute to reducing gas consumption, allowing the installation to use the biogas produced during the anaerobic digestion process.
Kerry is sponsoring The Kerry Upcycled Food Foundation Fellowship in a new partnership with the Upcycled Food Foundation (UFF), the non-profit subsidiary of the Upcycled Food Association (UFA). The research fellowship is the second initiated by the UFF and will work toward advancing the understanding of the market, consumer perception and technical opportunities of upcycled food.