The Leading Source for Food Manufacturing News
Post To Acquire Hearthside Food
May 10, 2013 9:31 am | News | CommentsCereal maker Post Holdings Inc. is buying the branded and private label cereal, granola and snacks business of Hearthside Food Solutions for $158 million, partly as a way to broaden its presence in the cereals category. Post's existing cereal brands include Honey Bunches of Oats, Post Raisin Bran and Grape-Nuts.
Photo of the Day: McDonald’s Cuts Angus Burgers
May 10, 2013 9:30 am | News | CommentsOn Thursday, May 9, 2013, McDonald’s said it is cutting the Angus burger from its menu. McDonald's had said earlier this year that it was evaluating whether to continue selling the Angus Third Pounders, which were introduced in 2009 and among the chain’s priciest. The company also said at the time that it was it was cutting Chicken Selects and Fruit & Walnut Salad.
Food Industry Apps
May 10, 2013 9:16 am | by The Street | Videos | CommentsJim Cramer joins panelists from The Street and Mad Money to discuss new technology at work in the food industry, including an app that facilitates direct-to-consumer sales between farmers and those looking to cut out food supply chain middlemen.
Reducing Total Packaging Cost, Automatically
May 10, 2013 9:16 am | by John King, Food Equipment Director, North America, Sealed Air Corporation, Cryovac Food Packaging Division | Articles | CommentsEfficient operations at processing facilities are more critical than ever if meat product manufacturers are to remain profitable. Fortunately, advancements in packaging machinery and the potential for automation resulting from these innovations can play a pivotal role in enhancing efficiency for meat processing operations.
Warehouse Management Solutions
May 10, 2013 1:00 am | by Food Manufacturing Staff | Product Releases | CommentsCompany introduces new iWAREHOUSE Essential™ and iWAREHOUSE Enterprise™, two solutions that combine fleet efficiency, warehouse optimization and professional services.
Chap Apron
May 10, 2013 1:00 am | by Food Manufacturing Staff | Product Releases | CommentsThe VR™ Chap Apron is designed to meet the challenging conditions of the food processing and produce industries.
Adjustable Case Sealers
May 10, 2013 1:00 am | by Food Manufacturing Staff | Product Releases | CommentsCompany now offers the InterpackUSA Series Case Sealers, which are adjustable, operator-fed machines that process same-sized RSC style cases.
Daily Sound Bite: Wrigley Removes Alert Gum from Shelves
May 9, 2013 12:58 pm | News | CommentsA Food and Drug Administration investigation into the safety of caffeine-added foods has prompted Wrigley to take its new caffeinated gum off the market for the time being. Wrigley said Wednesday that it will temporarily halt sales and marketing of Alert caffeinated gum after discussions with the FDA.
Dole To Buy Back up to $200M in Shares
May 9, 2013 12:23 pm | News | CommentsDole Food Company Inc. said Thursday that it will buy back up to $200 million of its shares. The food company said the move allows it to return cash to shareholders, while rebalancing its capital structuring by shrinking the number of outstanding shares. That helps increase earnings per share.
Slow Energy Drink Sales Hurt Monster 1Q
May 9, 2013 12:21 pm | News | CommentsShares of Monster Beverage fell Thursday after the energy drink maker reported disappointing first-quarter results and a slowdown in sales. The company, based in Corona, Calif., said after the market closed on Wednesday that its quarterly profit fell as it was hurt by distributor termination obligations, foreign currency exchange rates and legal costs tied to regulatory matters and litigation regarding its namesake drink.
Ohio Egg Farmers Donate Nearly 767K Eggs
May 9, 2013 12:19 pm | News | CommentsOhio egg farmers are donating close to 767,000 eggs to food banks and other hunger relief organizations throughout the state in celebration of National Egg Month. The Ohio Poultry Association said Wednesday that eight farmers will provide the 766,800 eggs, which will be delivered the over the next couple weeks.
Pa. Attorney General Clears Hershey Trust
May 9, 2013 12:18 pm | by PETER JACKSON,Associated Press | News | CommentsA two-year investigation revealed no wrongdoing by the Hershey Trust Co.'s board, but it prompted changes in corporate rules, state Attorney General Kathleen Kane said Wednesday in concluding the probe. The attorney general's office examined allegations that Milton Hershey School assets were used to pay excessive compensation to trust board members and to make questionable land purchases.
Starbucks, Green Mountain Extend Partnership
May 9, 2013 12:17 pm | News | CommentsStarbucks has signed a new five-year contract that triples the number of branded single-serve packs it makes for Green Mountain's Keurig brewing machines. The deal comes after Starbucks last year introduced its own single-serve brewing machine, which was seen by many as posing a threat to Green Mountain's popular machines.
Consumer Trends: Moms Impact Shopping Behavior
May 9, 2013 12:00 pm | News | CommentsIt's a common childhood experience, shuffling up and down grocery store aisles with Mom. Little do consumers know, though, that those moments mold their food perceptions into adulthood. A new white paper is designed to provide food marketers and producers a closer look at the impact moms have on consumers' purchase patterns and cooking habits.
Brainstorm: Instrumentation (Part I)
May 9, 2013 11:15 am | by Tim Freeman, Managing Director, Freeman Technology | Articles | CommentsThe Food Manufacturing Brainstorm features industry experts sharing their perspectives on issues critical to the overall food industry marketplace. In this issue, we ask: How can accurate instrumentation increase efficiency in food processing plants?
Sharpton: Meeting with PepsiCo ‘Positive’
May 9, 2013 9:37 am | by CHRIS TALBOTT,AP Music Writer | News | CommentsOfficials with PepsiCo Inc. apologized during a meeting Wednesday with relatives of civil rights icon Emmett Till who were offended by a rapper who had a promotional deal with the company, the Rev. Al Sharpton said. Sharpton said a statement that the morning meeting he brokered at company headquarters in Purchase, N.Y., was "positive."
Snyder’s-Lance Reports 1Q Results
May 9, 2013 9:35 am | News | CommentsSnyder's-Lance, Inc. reported results for its first quarter of 2013. Net revenue for the first quarter ended March 30, 2013 was $419 million, an increase of 6.5% compared to prior year net revenue of $393 million. Net income was $19.8 million for the first quarter of 2013, or $0.28 per diluted share, compared to net income of $14.2 million for the first quarter of 2012 or $0.21 per diluted share.
Bolivia Tries To Make Coca Palatable
May 9, 2013 9:32 am | by PAOLA FLORES,Associated Press | News | CommentsPresident Evo Morales has a personal stake in seeing the destigmatization of the crop. He and his fellow growers say they want to build a healthy market for coca-based products, despite the belief of U.S. officials that most of Bolivia's crop ends up as narcotics. Yet a stubborn problem keeps getting in the way of the president's grand plan: While coca tea is popular, most people seem to find other coca-based food unappetizing.
McDonald’s Sales Hit by Weakness Overseas
May 9, 2013 9:30 am | by CANDICE CHOI,AP Food Industry Writer | News | CommentsMcDonald's says a key sales figure slipped again in April, with the world's biggest hamburger chain citing fears over a new strain of avian flu for weakness in China. The Oak Brook, Ill.-based chain, which had warned of a decline last month, says the figure fell 0.6 percent globally. That reflected an increase of 0.7 percent in the U.S., where it recently introduced its chicken McWraps to attract more customers in their 20s and 30s.
Wrigley Pulls Caffeinated Gum
May 9, 2013 9:28 am | by MARY CLARE JALONICK,Associated Press | News | CommentsA Food and Drug Administration investigation into the safety of caffeine-added foods has prompted Wrigley to take its new caffeinated gum off the market for the time being. Wrigley said Wednesday that it will temporarily halt sales and marketing of Alert caffeinated gum after discussions with the FDA.
