Brynwood Partners VI L.P. announced that its portfolio company, Pearson Candy Company, has acquired the Bit-O-Honey confectionery brand from Nestle USA, Inc. The acquisition marks the fifth brand Brynwood Partners has acquired from Nestle. Terms and conditions of the transaction, which closed today, were not disclosed.
With all the orchards and corn fields that dot the Hudson Valley landscape, Tuthilltown Spirits doesn't have to look far for the grains and apples to make their whiskey, vodka and gin. The 10-year-old company crafts many of their liquors from ingredients grown no more than a few minutes away, the bounty of the rolling hills that surround it.
The Hain Celestial Group Inc. reported major profit gains in its fiscal third quarter on stronger sales, but the company issued a weak full-year forecast. Hain Celestial earned $40.7 million, or 85 cents per share, for the quarter that ended March 31. That compares with $24.1 million, or 52 cents per share, earned last year. It made 72 cents per share on an adjusted basis, excluding one-time items.
After fleeing to Israel following an immigration raid in 2008, a former manager at a kosher slaughterhouse in Iowa finally appeared in a U.S. courtroom Friday to face charges that he conspired to exploit immigrant workers for profit. Amara pleaded not guilty to an indictment charging him with conspiring to harbor workers who were in the country illegally and conspiring to provide false immigration papers.
Michael Chichetti, whiskey production manager, pours a bag of corn into a roller mill while making baby bourbon at Tuthilltown Spirits on Wednesday, April 17, 2013, in Gardiner, N.Y. Some call it “grain to glass,” the booze equivalent of the local-food slogan “farm to table,” though in the case of the apple vodka made from Hudson Valley at Tuthilltown, it’s more like “tree to tumbler.” Whatever the name, it’s catching on.
In this digital exclusive from TLC, the cable channel takes a look at the history of the frozen foods processing industry and the pioneers who made the convenience of frozen foods a reality and revolutionized the way Americans eat.
Virtualization, the practice of using a software layer to let one physical computing server run multiple applications on virtual machines, enables manufacturers to maximize their return on hardware investments while conserving precious real estate on the plant floor.
The FlexiBag 280 and FlexiBag 400 are single-tube vertical form-fill-seal machines capable of producing pillow, gusseted, standup and stable pouches.
The TruCLEAN II has a unique bucket-in-bucket concept that works to isolate soiled contaminants from cleaning and disinfecting agents.
Available in several widths to match existing forming equipment, Company's Perforators and Scoring Devices offer a variety of configurations to meet processor needs.
Taco Bell says its new value menu may go national in coming months. The fast-food chain had already said in January that it was testing a "$1 Cravings" menu that would replace its "Why Pay More" menu, which has tiered pricing. In a call with reporters Thursday, executives at the chain said they're confident they've hit on the right mix of products for a national rollout this year. But they declined to specify a date.
Kraft Foods is reviving old brands like Kool-Aid and betting on big new innovations as it begins finding its way as a smaller, independent company. The Northfield, Ill., company, which makes Miracle Whip, Oscar Mayer and other staples found in American pantries, on Thursday reported first-quarter results that beat Wall Street expectations.
Kellogg has a plan to get adults to eat more cereal: pile on the nutrients. The Battle Creek, Mich.-based company says it's introducing Raisin Bran with omega-3 and a multigrain version of Special K later this month as it works to boost struggling cereal sales in North America.
A new federal report blames a combination of problems for a mysterious and dramatic disappearance of U.S. honeybees since 2006. The intertwined factors cited include a parasitic mite, multiple viruses, bacteria, poor nutrition, genetics, habitat loss and pesticides.
Nestle Pizza Co. of Little Chute is recalling four frozen-pizza products that might be contaminated with plastic fragments. The USDA says one consumer reported a chipped tooth after biting into one of the California Pizza Kitchen products. The problem was apparently related to the spinach in the pizza, so the company is recalling other pizza products that used the same lot of spinach.
Scan through the business section of the news, and you’re likely to see stories about the resurgence of U.S. manufacturing, about how companies are moving jobs back to the United States because of the rising cost of manufacturing in (and shipping to and from) China.
After a new food safety law only vaguely increased food safety regulations in China, a new scandal involving nearly 1,000 suspects is rocking the country. The Chinese Ministry of Public Security has announced that rat and fox meat has been fraudulently sold as lamb.
Among food and beverage champions, average year-one dollar sales for the top-100 brands were $43.4 million. New food and beverage brands addressed long-standing trends around wellness, indulgence and convenience. Importantly, though, the most powerful launches of the year also delivered more to today’s finicky, frugal and fast-moving consumers.
An upstate New York company is recalling a mozzarella cheese product because it contains soy, which isn't listed on the label and could cause allergic reactions. Formaggio Italian Cheese Specialties of Sullivan County says it's recalling about 234 pounds of fresh mozzarella with chorizo and cilantro products sold in New York and New Jersey.
Hillshire Brands on Thursday reported quarterly sales that fell short of Wall Street expectations as it ran into some hiccups switching to a new packaging for its lunch meats. The company, which his based in Chicago, is the former North American business of Sara Lee Corp. and makes brands including Jimmy Dean sausages and Ball Park hot dogs.