As part of the agreement, Vandemoortele will acquire a majority stake in Banneton, while Victor and Alex Litinetsky, founders of Banneton, will stay invested in the capital and continue to lead the day-to-day management of the business after closing.
The survey is a follow-up of the survey conducted by the coalition in March 2023, when producers and traders the world over were facing unprecedented cost hikes.
Gifford’s Ice Cream started making ice cream again at its Skowhegan, Maine, plant for the first time after a fire ripped through production facilities, forcing them to rely on co-packers.
The project includes adding 25,000 square feet of warehouse space, 8,500 square feet of cold dock space, nine new dock doors and increased staffing to run the expanded facility.