Regional trends complicate efforts to improve results and spur growth.

Management forecasts deal generating $1 billion in additional US sales.

Brian Dick has been named president and CEO.

Spinoff of cereal business scheduled for the fourth quarter of 2023.

Acquisition will be Ferrara’s first in Brazil.

The two companies also agreed to long term distribution and manufacturing agreements.

Brynwood’s total food and beverage portfolio has sales of approximately $2.6 billion.

Ingredient suppliers are bringing a plethora of sugar reduction innovations to market.

Management sees shifting purchasing patterns as a headwind in the year ahead.

The process uses enzymes to reduce sugar in malt, milk and fruit juices.