Endless LLP's acquisition of Hovis builds its bakery presence, with the bread brand joining cake manufacturer Bright Blue Foods in the private equity firm's portfolio and opportunities for synergies, one financial adviser claims.
Vegan ingredients, fruits and traditional cakes are just a few of the products benefiting from the coronavirus pandemic, which has prompted increased consumer focus on health, indulgence, provenance and functional ingredients.
Bakery will be the nutrition labelling battleground for the foreseeable future as processors across Europe face increasing pressure to reformulate and consumers seek healthier options, according to experts at Bunge Loders Croklaan (BLC).
Italy's Newlat Food has confirmed its proposed acquisition of Hovis, following a Sky News report flagging the move, with Newlat claiming a successful bid would enable it to reach sales of €1bn within 24 months.
Laurence Smith, managing director of Fatherson Bakery, shares its progress since winning Small Bakery Manufacturer of the Year at the 2020 Food Manufacture Excellence Awards and new product development plans in this podcast.