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The Middleby Corporation announced it will acquire the assets and the manufacturing facility of the High Speed Slicing business unit of Marel, which has annual revenues of approximately $15 million USD.
While cheese and wheat prices hardly moved last week, Domino's and Papa John's both reached new 52-week highs on the same day.
Gas prices may be up, but cheese costs have stayed the same for two weeks and things are looking relatively good for pizza stocks this past week.
Last week saw a rise in most prices, including stocks, with natural gas as the exception.
Commodity prices continue to fall, while Pizza Hut shares race above competitors.
Gas prices have fallen even further and are down more than $1 from a year ago.
Look into markets that sell seconds or items that are discounted because of overruns.
Gas prices have fallen 50 cents in the past month and are more than $1 lower than they were this time last year.
Fuel experiences its longest streak of declining prices on record, according to AAA.
The average cost of fuel is nearly 70 cents lower per gallon than it was last year at this time, and has dropped below the $2 mark in 13 states.
On top of record-high commodities prices, labor inflation, technology costs and health care/menu labeling logistics, there is also intensified competition in foodservice.
The Federal Trade Commission alleges that if the merger between Sysco and US Foods goes forward as proposed, foodservice customers, including restaurants, would likely face higher prices and diminished service.
NoshList has changed its name to Waitlist Me, according to a company announcement.
The Middleby Corporation, foodservice equipment provider, announced it has acquired the assets of Marsal & Sons Inc., a manufacturer of deck ovens based in Lindenhurst, New York with annual revenues of approximately $5 million.
POSsible POS announced the rollout of its latest restaurant plug-and-play in-a-box solution available at retailers nationwide.
San Francisco-based Columbus Foods is launching an all new ready-to-bake, all-natural pizza line.
Cargill, one of the largest pork producers in the U.S., has completed conversion of all its company-owned farms to group housing for sows. It's a step in the right direction, said a spokesperson for the Chipotle Mexican Grill, but Cargill needs to go further.
Domino's expects to deliver more than 11 million pizza slices and more than 3 million chicken wings nationwide on Super Bowl Sunday.
Polystyrene foam is not recyclable, and can interfere with recycling and waste reduction efforts by contaminating other recyclables.
The Middleby Corporation plans to acquire Goldstein Eswood, a commercial equipment manufacturer based in New South Wales, Australia. According to a news release, Goldstein Eswood has annual revenues of approximately $25 million USD. Goldstein manufactures ranges, ovens, griddles, fryers and...
The Middleby Corporation has announced the acquisition of Desmon Food Service Equipment Company, based in Nusco, Italy. According to a news release, Desmon has annual revenues of approximately $15 million. The company produces blast chillers and refrigeration for commercial kitchens,...
MAFSI representatives are forecasting growth of 4.1 percent for 2015 over 2014, inline with the growth forecast for GDP.
Cardinal International has announced the launch of the new Arcoroc and Tiger-Glass concepts, and has also expanded its Zenix collection. "In the drinkware category, we have worked with beer experts to develop new ways to better market craft brews and...
Jodi L. Berg, president and CEO of Vitamix, has been named the EY Entrepreneur Of The Year 2014 National Family Business Award winner. According to a news release, the EY Entrepreneur Of The Year Award recognizes industry leaders who "demonstrate...
Last week, the Environmental Protection Agency announced it will delay the 2014 ethanol volume mandate, a move that will continue to affect commodities costs. The announcement was greeted with strong opposition from restaurant industry organizations. "We are disappointed that the...
Packaging trends include continued interest in sustainable products.
From kitchen equipment to front-of-house furniture, we'll help you stay on top of the latest trends and considerations when it comes to restaurant supply purchases.
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