Canadian fast-food restaurant operator Tim Horton's Inc., Oakville, Ontario, said it sold its 50 percent interest in a Brampton, Ont., frozen bakery, Maidstone Bakeries, to joint venture Aryzta AG.
Frozen bakery and prepared foods are key growth areas for Swiss global bakery foods giant Aryzta AG, which expected by July to complete two acquisitions valued at $1.08 billion.
Cafe Valley Bakery officials expect by early 2011 to construct a $40 million bakery in Phoenix that will help the company triple its production and product sales.
Meat, bakery and prepared foods giant Sara Lee Corp., Downers Grove, Ill., said last Friday that Chairman & CEO Brenda Barnes will take a temporary medical leave of absence.
Taking another cue from pizza restaurant offerings, product developers and marketers at DiGiorno (now part of Nestle Pizza) introduced a combination frozen DiGiorno pizza and breadsticks line.
Fresh wholesale baker Sterling Foods II, Inc., San Antonio, Texas, said it purchased frozen baker Caravan Trading Co., Union City, Calif., for an undisclosed amount.