While the pasta unit has been profitable and has benefited from recent capital investment, Cerealto indicated that the business would be better positioned under a dedicated pasta operator.
The new state-of-the-art plant marks a significant expansion of the company’s manufacturing footprint in India and reinforces its long-term commitment to serving the fast-growing food and bakery sector.
Flowers Foods reported a mixed set of operating improvements, offset by a material non cash charge, resulting in a net loss for the period.
Consumer demand for healthier, cleaner-label foods and heightened interest in sustainable diets are driving manufacturers to broaden plant-based offerings, while innovations in ingredients and processing are improving texture, shelf life, and nutritional profiles to better match traditional bread products.
The Marzetti board said his appointment will strengthen its strategic capabilities as the company pursues growth across retail and foodservice channels