Sara Lee Frozen Bakery has signed a definitive agreement to acquire Spokane, Washington-based pie maker Cyrus O’Leary’s Pies. The transaction is the latest in a series of initiatives at Sara Lee Frozen Bakery aimed at growing its presence in the in-store bakery (I.S.B.) category, which began last August with the acquisition of Superior Cake Products, Inc.
Pizza crust is expected to reach nearly $4,500 million in revenue by the end of 2022, with frozen bread being the second largest revenue-generating product.
September 11, 2019
The global frozen bakery products market is expected to witness sluggish growth, registering 3.1% CAGR between 2017-2022, according to the latest report by Fact.MR, Rockville, Md.
IFF will provide the industry with a platform to exchange information, share best practices, expand business networks and learn the latest in formulation advances and regulatory requirements.
September 9, 2019
The Tortilla Industry Association (TIA), Arlington, Va., launched the International Flatbreads Federation (IFF), a new association focused on the flatbread industry designed to address manufacturing complexities, industry growth and support those that produce flatbreads commercially.
Superior Cake Products, Southbridge, Mass., produces a range of sweet goods, including Éclairs, Madeleines, Brownie Bites, Black and White Cookies and other offerings made under the Superior on Main brand name.
August 5, 2019
Hostess Brands, Inc., Kansas City, Mo., entered into a definitive agreement to sell its Superior Cake Products, Inc. in-store bakery business to Sara Lee Frozen Bakery, Oakbrook Terrace, Ill., for $65 million in cash.
For the first time in more than 10 years, the marketing and product development teams will work side-by-side with twice the amount of resources dedicated to Sara Lee Frozen Bakery’s brands.
June 17, 2019
Sara Lee Frozen Bakery opened a 10,000-square-foot R&D innovation center and test kitchen at its Oakbrook Terrace, Ill., headquarters location.
According to the report, total bread and baked goods sales surpassed $59 billion in 2018, split between the fresh bakery department and items located in the grocery, frozen and dairy departments.
April 9, 2019
Bakery is one of the biggest drivers for in-store trips, bringing shoppers to the store nearly once a week, yet opportunities exist for retailers to increase consumption frequency and household penetration across individual categories, according to a report released by the American Baker’s Association (ABA), Washington, D.C., and Food Marketing Institute (FMI), Arlington, Va.
Estimates depict that the frozen bakery industry will surpass a revenue of $25 billion by the end of 2024, with 8.8% CAGR projection over 2017-2024.
April 5, 2019
The Asia-Pacific (APAC) frozen bakery market is projected to witness lucrative growth potential over 2017-2024, with frozen cakes and pastries dominating the product landscape, according to a new research report by Global Market Insights, Inc., Shelbyville, Del.
Valley Cooperative Association members consist of bakers, millers and allied companies.
April 2, 2019
The American Bakers Association (ABA), Washington, D.C., and Valley Cooperative Association, Greenville, Wis., entered into a unique membership arrangement that will leverage key strengths of each organization.