Baking & Snacks – INVESTMENTS, FUNDING & M&A

The acquisition is expected to improve Oetker’s presence in eastern Germany and diversify its baking portfolio.

The investment by FIAF is intended to reinforce Santangelo’s standing in the high-end leavened baked goods sector.

To reinforce its expansion efforts in North America, Eshbal has appointed Avi Markus as Chief Commercial Officer for the region.

The investment includes the launch of a new production line, which will boost its hourly output to 6 tons.

A new manufacturing line is set to be installed at the 150,000 square-foot Oakwood South Industrial Park facility.