Baking & Snack - April 2021 - 10

Aryzta finds buyer for North
American baking business

Hostess capitalizing on
c-store channel

Private equity firm Lindsay Goldberg has reached an agreement
to acquire the North American business of Schlieren, Switzerlandbased Aryzta AG for $850 million.
Aryzta North America (ANA) provides bread, sweet and savory baked foods, and snacks to customers in the quick-service
restaurant, foodservice and retail markets across the United States
and Canada. The company's portfolio includes both private label and branded offerings under the Otis Spunkmeyer, La Brea
Bakery and Oakrun Farm Bakery brands.
" ANA is one of the
leading suppliers of
high-quality
baked
goods in the US and
Canada, and we look
forward to partnering
with management to
continue ANA's tradition of serving millions of consumers, " said Russell Triedman, managing partner of
Lindsay Goldberg.
The pending sale of the North American business comes a little
more than three months after Aryzta's management  announced
plans to dispose of businesses in both North America and Latin
America and shift focus to Europe and Asia-Pacific markets. As
part of that strategy, Aryzta in early December 2020 sold its takeand-bake pizza business in North America to Great Kitchens Food
Company Inc., a newly formed portfolio company of Greenwich,
Conn.-based private equity firm Brynwood Partners VIII LP.
-	 Eric Schroeder, Food Business News

The convenience store channel was severely disrupted in 2020
with stay-at-home orders and mobility restrictions. Even so,
Hostess Brands Inc. was able to score mid-single-digit growth and
gain about 140 basis points of market share. Now, the Kansas City,
Mo.-based sweet goods and snacks maker will look to hold onto
those wins as the channel opens back up more fully in 2021 by
relying on the data, relationships and good decision-making that
made it successful during the past year.
" It's our highest share development, " Andrew P. Callahan, president and chief executive officer, said during a March 10 presentation
at the UBS Global Consumer and Retail Virtual Conference. " It's a
profitable channel for us. We do very well. We've always stated ... our
investment in the foundation of sustainable growth has really come to
play here. You never know what - you didn't anticipate this, but you
lean on those foundational elements to be able to grow. "
Mr. Callahan said Hostess plans to lean on the breadth of its
distribution to continue growing its presence in the convenience
store channel.
" We're able to access consumers across all channels, " he said.
" We have an ACV above 90%, which is 10 points greater than
anybody else within our category. So when the category shifts or
other things happen, we're there for consumers. "
-	 Eric Schroeder, Food Business News

General Mills, Bimbo
Bakeries leading in 2020
The total CPG industry grew approximately 10.4% in 2020, outpacing the prior three-year annual growth rate of 1.8%, according to Boston Consulting Group and IRI's annual CPG Growth
Leaders List, Chicago. Total CPG volume growth (6.4%) outpaced
price growth (3.7%) for the first time in more than a decade.
The report highlighted 2020's growth leaders among large,
medium and small CPG companies. Food and beverage manufacturers dominated the rankings, propelled by the shift toward
at-home eating. Bimbo Bakeries USA, Horsham, Pa., led among
large CPG companies, followed by  General Mills,  Minneapolis;
Conagra Brands, Chicago; Mondelez International, Deerfield,
Ill., and The Hershey Co., Hershey, Pa. 
-	 Sam Danley, Food Business News
10 Baking & Snack April 2021 / www.bakingbusiness.com

CBA forecasts increased
demand beyond pandemic
Demand for consumer packaged goods in 2021 will slow from the
record levels experienced during the coronavirus (COVID-19)
pandemic while remaining above pre-pandemic norms, the
Consumer Brands Association (CBA) predicted.
The association published a new report highlighting the postpandemic outlook in 2021. CPG purchases are expected to decrease by 1% to 2% from 2020 levels while still growing by 7.4%
to 8.5% compared with 2019 levels. The CBA surveyed more
than 1,000 Americans and found the return to normalcy likely
will be slow.
" Over the last year, the CPG industry has met unprecedented demand by being unafraid to change the game, " said Geoff
Freeman, president and chief executive officer of the CBA. " There
is no 'normal' to which the industry will return - urgent transformation is the only way forward. From elevated demand to supply chain to managing waste, everything about the CPG industry is in the midst of dramatic change and capitalizing on enormous opportunities. "
-	 Sam Danley, Food Business News


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Baking & Snack - April 2021

Table of Contents for the Digital Edition of Baking & Snack - April 2021

Baking & Snack - April 2021 - 1
Baking & Snack - April 2021 - 1
Baking & Snack - April 2021 - 2
Baking & Snack - April 2021 - 3
Baking & Snack - April 2021 - 4
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