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
Danone has appointed Carla Hilhorst to the newly created position of senior vice president of research and innovation categories and zones, as the company looks to make science the heart of its business. Hilhorst, who brings over 30 years of experience in research and innovation, will report directly to Isabelle Esser, Danone’s chief research, innovation, quality and food safety officer.
The move, part of Pernod Ricard’s strategy to enhance its premiumisation efforts, will allow the company to focus more resources on its portfolio of premium international spirits and champagne brands that drive the growth of its business. This decision aligns with the company’s commitment to delivering sustainable value for shareholders, employees, clients and partners.
Schai – who is the current CEO of Swiss chocolate company Lindt & Sprüngli’s Australian operation – has previously worked with Aryzta from 2015-2018, where he served in roles including managing director for Asia Pacific and global strategic business lead (McDonald’s). The fast-food giant McDonald’s is one of Aryzta’s significant clients.