Poorvi Patodia

AMSTERDAM — Corbion, a global ingredient supplier, has completed the divestiture of its emulsifier business, which was announced earlier this year. Private equity firm Kingswood Capital Management acquired the business for $362 million, with expected net cash proceeds of approximately $275 million post-tax and transaction costs.

SHELBY TOWNSHIP, MI — Ethel’s Baking Co., a gluten-free dessert company, has made a major shift in its packaging to better accommodate consumers. The company’s new 4-count trays come in custom clamshell packaging with a clearer call out to the brand’s quality, taste and gluten-free certification. The new design also drops the price for the product from an SRP of $9.99-$10.99 per pack to $5.99-$6.99, a switch that is already making a difference for the company.

CHICAGO — During the American Society of Baking’s BakingTECH 2024, held February 27-29, Catherine Hogan, North America category marketing leader for the Bakery and Bars & Confectionery categories at IFF, presented Duality in Bakery: Sensorial Explorations and Holistic Health & Wellbeing Trends during a breakout education session.