Puratos has acquired Rochester, N.Y.-based Pennant Ingredients, a provider of specialty bakery products and solutions to the North American quick-service restaurant, food service and retail in-store bakery channels. Financial terms of the transaction were not disclosed.
“This acquisition will allow us to increase our positioning in North America, especially in food service,” said Daniel Malcorps, chief executive officer of Puratos.
Pennant has more than 70 years of expertise in producing and delivering ready-to-use mixes and toppings. The company generates more than $70 million in sales and employs 100 people.
Headquartered near Brussels, Belgium, Puratos maintains a U.S. office at Cherry Hill, N.J. It has five innovation and nutrition centers.
By Eric Schroeder
Source: Baking Business
Barry Simpson is stepping down from his position as chief platform services officer and senior vice president at the Coca-Cola Co. Mr. Simpson will leave the role Sept. 30, but he will remain in a senior advisory role until February 2023.
McCain Foods finalized its acquisition of Scelta Products, Kruiningen, Netherlands, for an undisclosed sum on Sept. 8. A maker of frozen, vegetable-based snacks, Scelta’s product line of breaded mushrooms, onion rings, and cauliflower fries joins McCain’s growing portfolio of prepared vegetable appetizers.
Plant-based, pumpkin spice, oat milk — these are just a few of the new food-related words added to the Merriam-Webster Dictionary this year. While these words are hardly new to the vernacular (especially pumpkin spice — why did that take so long?), they are only now deemed to have the “clear and sustained evidence of use” required for dictionary inclusion.
