Who owns weston foods

Founded in , FGF Brands is a Canadian, family-owned baking company that combines innovations in robotics, AI systems and supply chain solutions with a commitment to making quality food with the cleanest possible ingredients.

For George Weston, the transaction comes seven months after the company announced its intent to sell its bakery segment to focus on its retail and real estate businesses. With FGF as the new owner, the business will be in good hands. George Weston said it expects to return the net proceeds from the transaction to shareholders through share repurchases over time. In the interim, the company said it is committed to ensuring that a smooth transition plan is in place as Weston Foods continues to support its customers and workforce.

The transaction did not include Interbake Foods, which produces biscuits, cookies, cones and wafers, or Maplehurst Bakeries, which produces and distributes frozen bakery products. By Staff The Canadian Press. Posted October 26, am. Updated October 26, am. View image in full screen. Smaller font Descrease article font size - A. Share this item on Facebook facebook Share this item via WhatsApp whatsapp Share this item on Twitter twitter Send this page to someone via email email Share this item on Pinterest pinterest Share this item on LinkedIn linkedin Share this item on Reddit reddit Copy article link Copy link.

Leave a comment Comments. Sponsored content. Weston Foods has taken steps, including pricing, to help mitigate the impact of cost inflation, and expects the labor availability challenges will ease over time. The business is well-positioned to meet the increasing demand from its customers and continue to offer superior products and services.

During the call, Mr. Dufresne said the inflationary storm took hold swiftly and is likely to adversely affect results in the second half of the year. These challenges are expected to persist in the second half of the year. Galen G.

Weston, chairman and CEO, echoed Mr. Weston said. The fundamentals underpinning Weston Foods remains strong with leading bakery assets and high customer engagement, and we maintain our conviction around the opportunity for that business to unlock meaningful, incremental value in the right hands.

Adjusted net income of George Weston Ltd. We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy. Home » Weston Foods sale process seen progressing well. George Weston puts food unit up for sale.