Baking & Snacks
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J. M. Smucker enters US$5.6B deal to acquire Hostess Brands
USA – The J. M. Smucker Co., a leading consumer foods company, has signed a definitive agreement to acquire Hostess Brands for a total enterprise…
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Mali’s biscuit giant SOMABIS plans to double production capacity with a new factory
MALI – The International Finance Corporation (IFC) plans to grant US$4.3M to Société Malienne de Biscuiterie (SOMABIS), an established biscuit manufacturer in Mali, to support…
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PepsiCo and General Mills expand footprint in India with new facilities
INDIA- PepsiCo is currently in the process of a new constructing Lay’s potato chip production plant in India, with an estimated investment of US$95 million. …
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Use cassava in bread making to manage surging wheat prices, Tanzanian bakers urged
TANZANIA – In Tanzania, the International Institute of Tropical Agriculture (IITA) is persuading bakers to start using cassava and wheat flour in making bread to…
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RCL Foods posts 45% profit slump, attributes dismal performance to load-shedding, sugar levy
SOUTH AFRICA – RCL Foods has reported an annual headline earnings per share slump of 45%, attributing the dip to increased production costs, load-shedding, and…