New wheat variety touted as “higher-value crop” for food industry, consumers.

Bread, pastries awarded start by guild.

Transaction valued at $34 million.

Calbee will seek to develop new healthy snack foods.

Franchisee partner to operate shop in Rabat.

Joint venture furthers strategy to boost global presence.

Foreign exchange negatively impacts sales.
 

Biscotti maker had previously changed hands under private equity owners.

Company will spend nearly $17 million on upgrades.

New offering brings consumers more fiber without impacting food taste and texture.