Saputo Inc. announced today a change in its senior management structure with the retirement of Kai Bockmann. Effective immediately, Mr. Bockmann is stepping down as President and Chief Operating Officer and will be leaving the Company on March 4, 2022. …
Tekni-Plex has acquired assets and licensed technologies of Fibro Corporation, a Tacoma, Washington-based company that develops and manufactures innovative molded-fiber packaging. The transaction strategically expands Tekni-Plex’s materials science solutions in the fresh food marketplace to include a broader range of sustainable, pulp-based packaging solutions. …
C.H. Guenther & Son LLC (“CHG”), a leading producer of branded and private-label food products, today announced the acquisition of Baldinger and Sons bakeries (“Baldinger-Sons”), North American specialty bakers with operations in the midwestern United States and Canada. The transaction expands CHG’s bakery manufacturing capacity and deepens its relationships with premier quick service restaurant (“QSR”) customers. Terms of the transaction were not disclosed. …
Atlantic City’s famed Formica’s Bakery, a maker of bread in New Jersey for more than a century, is changing ownership. The family of George E. Norcross III purchased a majority stake in the company and has plans for a multimillion dollar expansion of the business in the years ahead. …
Chase, the largest co-brand card issuer in the U.S., and Instacart, the leading online grocery platform in North America, today announced an expansion of their existing partnership to make Chase the exclusive issuer of Instacart’s first credit card. As a part of this partnership, Mastercard will become the exclusive payments network for the new offering. …
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