In Short

30 January, 2009
Page 10 
== ADM in German buy ==
ADM has signed an agreement to purchase German company Schokinag, which will see it expand its chocolate and cocoa business in Europe. Schokinag produces chocolate couvertures, cocoa powder and cocoa butter. Scott Walker, managing director, ADM Cocoa International, said it will help them better serve the growing market and "realise significant efficiencies in sourcing, operations and transportation".== ABF's solid progress ==Associated British Food's (ABF) yeast and bakery ingredients business is continuing to trade well, seeing higher volumes and improved pricing, according to its statement for the 16 weeks to 3 January 2009. Allied Bakeries "has continued to perform well with an improvement in profit," said the firm. Its grocery division's revenue rose 21%.== Finsbury's sales rise ==Finsbury Food Group has seen group revenue rise by 12%, according to its latest trading update. However, it predicts operating margins will be 1-2% lower than last year. In its largest division, the bakery firm has seen cake sales increase by 4% in absolute terms, but like-for-like growth has been "flat". Sales in its smaller bread and free-from divisions saw like-for-like growth of 16% and 23% respectively. == Glisten is satisfied ==Snack and confectionery food-group Glisten has announced it has "traded satisfactorily" for the six months ended 31 December 2008. It reported sales in the run-up to Christmas for confectionery and savoury baked snacks were slower than expected. However, its Lyme Regis business (organic and protein-based snack bars) and Nimbus (bakery inclusions) performed solidly in the six-month period.



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