Milling & Baking News - March 27, 2018 - 60

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INGREDIENTS

INGREDIENTS

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Phone: 562-404-4321 * Fax: 562-404-1041
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gpal@gpalab.com www.gpalab.com

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bakingbusiness.com / foodbusinessnews.net

FOOD INGREDIENT SOLUTIONS®

Techniques making
sweeteners more
cost-effective
Story on Page 20

LATE NEWS

I.G.C. forecasts record
wheat carryover
LONDON - Ending stocks of wheat
in 2018 are projected at a record 248
million tonnes in an Aug. 24 update
from the International Grains Council. The forecast is up 7 million tonnes
from the July forecast of 241 million
and would be up 2% from 244 million
tonnes in 2017. The 2018 carryover
would be significantly larger than 226
million tonnes in 2016 and 206 million
in 2015. The increase from July was
driven by a 10-million-tonne increase
in projected wheat production totaling 742 million tonnes in 2017-18, a
crop still slightly smaller than the record 754 million in 2016-17. The wheat
carryover increase was attributed by

Continued on Page 8

JAB expands in U.S. baking with
Bruegger's acquisition
DALLAS - Caribou Coffee, the secondlargest company-operated premium coffeehouse in the United States, has agreed
to acquire the Bruegger's Bagels chain
from Le Duff America. Caribou Coffee
is part of JAB Holding Co., which has
expanded significantly in grain-based
foods over the past year and whose holdings already include the nation's largest
bagel chain: Einstein Bros. Bagels.
Financial terms of the transaction
were not disclosed.
Founded in 1983 in Troy, N.Y., Bruegger's operates approximately 300 restaurants in 26 states, the District of Columbia and Canada. The bakery-cafe chain
initially was centered on its New Yorkstyle bagels, but has since expanded its
menu to includes sandwiches for breakfast and lunch, salads, soups, desserts
and coffee. Le Duff acquired Bruegger's
in March 2011. The company soon afterward set a three-year target to grow the
chain to over 400 stores from over 300.
Growth proved elusive.
The pending purchase of Bruegger's

BRUEGGER'S BAGELS

* MALT EXTRACT
* TAPIOCA SYRUP/BROWN RICE
SYRUPS & POWDERS

by JAB represents the latest in a flurry of
acquisitions by the Luxembourg-based
company. The transactions have been
heavily focused on coffee and grainbased foods. Most recently, the company acquired St. Louis-based Panera
Bread Co. for approximately $7.5 billion in a transaction that was approved
in mid-July. The Panera purchase came
a year after JAB acquired Krispy Kreme
Doughnuts, Inc. for approximately $1.35
billion. Other companies in which JAB

Continued on Page 10

B&G Foods to acquire Back to Nature
Foods Co. for $162.5 million the Back to NaPARSIPPANY, N.J. - B&G Foods, Inc.
has added another snack manufacturer
to its portfolio. The company entered
into an agreement on Aug. 20 with the
private equity firm Brynwood Partners
VI L.P. and Mondelez International to
acquire Back to Nature Foods Co. for approximately $162.5 million.
Back to Nature Foods Co. is a joint
venture between Brynwood and

Mondelez and features
ture and SnackWell's brands. Products
manufactured under the brands include
cookies, cakes, pretzels, popcorn, nuts
and trail mix, granola, cereals, soups and
juices. Many of the products sold under
the Back to Nature brand are Non-GMO
Project verified or certified organic.
"We are very pleased to add Back
to Nature to the B&G Foods family of
brands," said Robert C. Cantwell, president and chief executive officer of B&G
Foods. "Consistent with our acquisition
strategy and our recent Green Giant,
spices and seasonings and Victoria acquisitions, we are continuing to diversify our portfolio of brands and invest in
brands and products that we believe are
Continued on Page 11

60 / March 27, 2018

Milling & Baking News

bakingbusiness.com / world-grain.com

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Milling & Baking News - March 27, 2018

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