WORLD NEWS

The new SKU is made using the brand’s signature slow fermentation process and contains just four ingredients: flour, water, salt and fermented wheat flour, delivering a golden, crunchy texture when toasted.

The transaction will see CVC Capital Partners IX acquire Irca, the global B2B manufacturer of speciality food ingredient solutions.

The financing gives the food processing equipment business additional flexibility as it moves toward independence and a more aggressive acquisition-led growth strategy.

General Mills posted net sales of US$4.6 billion, representing a 1% increase from the same period last year.

The deal expands Olam Agri’s grain sourcing and farming business in Ukraine while marking another step in its growth under SALIC ownership.