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Today in Food Manufacturing

Daily news and top headlines for food manufacturing professionals

Snyder’s-Lance To Buy Snack Factory For $340M

September 6, 2012 12:44 pm

Snyder's-Lance Inc. said Wednesday that it plans to buy cracker maker Snack Factory LLC for $340 million in cash to expand into the deli-bakery snack business. The company expects the deal to close in the fourth quarter. It anticipates the acquisition will add 2 cents per share in its 2012 fiscal year and 10 cents per share in 2013. Snyder's also thinks the purchase will boost its revenue by $160 million in 2013.


Consumer Trends: Nanotechnology Awareness Low, But Opinions Strong

September 6, 2012 12:37 pm

Awareness of nanotechnology is still low, but there are some surprising differences in opinion. Perhaps not surprisingly, reports of having heard at least a little about nanotechnology were significantly higher among all sub-65 age groups than among those in the 65+ age group.


800 Coffee Farmers Earn Fair Trade Certification

September 6, 2012 9:51 am

Fair Trade USA, the leading third-party certifier of Fair Trade products in the United States, today announced that two groups of independent, small-scale coffee farmers have achieved Fair Trade certification.  As part of Fair Trade USA’s Fair Trade for All initiative, these new pilot programs will provide 800 small farmers in Costa Rica and Colombia access to the many opportunities and benefits of Fair Trade.


Goya Foods Breaks Ground On New Headquarters

September 6, 2012 9:47 am

The nation's largest Hispanic-owned food company has broken ground for the next phase of its headquarters and regional distribution center in northern New Jersey. Goya Foods received more than $80 million in tax breaks from New Jersey to remain in the state. The 615,000-square-foot, $127 million headquarters and warehouse are being built in Jersey City.


General Mills Reaffirms Guidance

September 6, 2012 9:45 am

General Mills Inc. on Wednesday reaffirmed its full-year forecast but says its first-quarter profit may fall. The Minneapolis-based food company said it expects its first-quarter profit should meet the company's expectations, but will fall in comparison to last year. It did not provide further details on the period but will report its full results on Sept. 13.


Green Mountain To Introduce 'Wellness' Drinks

September 6, 2012 9:43 am

Green Mountain Coffee Roasters Inc. on Thursday plans to introduce a line of drinks touting antioxidants, vitamins and other health benefits, as the company looks to expand amid intensifying competition for its single-serve coffee drinks. The Waterbury, Vt.-based company's "Wellness Brewed" drinks, which can be made with its Keurig single-serve brewing machines, come as the patent on its K-cup technology is set to expire this month.


U.N. Sees No Evidence Of New Food Prices Crisis

September 6, 2012 9:41 am

Prices of basic foods remained flat in August, offering assurances that a repeat of the global food price crisis that sparked rioting several years ago is unlikely, U.N. food agency officials said Thursday. While current prices are still high, they are lower than the levels that triggered rioting and unrest in parts of the developing world in 2007-2008.

Photo Of The Day: Tea Under Pressure

September 6, 2012 9:38 am

The patented "Gizmo Closure and Delivery System," an innovative, pressurized bottle cap design that infuses a drink with fresh, preservative-free ingredients upon opening, has been utilized for the first time in Tea of a Kind. Once the cap is twisted, the ingredients burst into the bottle and self-mix, creating a color change and a visual confirmation that the drink is fresh and ready to consume.


Beef Group Urges EPA To Not Lower Dust Standard

September 5, 2012 12:38 pm

The National Cattlemen’s Beef Association clearly spelled out its opposition to any attempt by the Environmental Protection Agency to lower the coarse particulate matter National Ambient Air Quality Standard in its official comments submitted to the agency last week.


Hillshire Brands Outlines Strategic Growth Priorities

September 5, 2012 12:36 pm

The Hillshire Brands Company today presented at the Barclays Back-to-School Consumer Conference in Boston, MA and provided an overview of the company’s three-year strategic plan for generating profitable growth. Hillshire Brands’ key strategic priorities center on strengthening the company’s core brands, expanding into adjacencies and augmenting the strength of its portfolio through selective acquisitions.


Corn Harvest Speeds Ahead Of Schedule

September 5, 2012 12:33 pm

The U.S. corn harvest continues ahead of schedule with some states nearly half-finished at a time when they usually are just getting started. The USDA said Tuesday in its weekly crop update that little has changed in the condition of drought-damaged corn and soybeans. That's because the plants are too far along for recent rain to make a difference.


Japan To Relax Controls On Beef Imports

September 5, 2012 12:32 pm

Japan is moving toward relaxing restrictions on American beef imports, which had been limited because of fears about mad-cow disease. A panel of experts recommended Wednesday that imports of beef from cows up to 30 months old be allowed, up from the current 20 month age limit.


Corn Processors Sue Sugar Group Over HFCS

September 5, 2012 12:30 pm | by CANDICE CHOI,AP Food Industry Writer

The battle of the sweeteners keeps getting stickier. The nation's biggest producers of high-fructose corn syrup are countersuing the Sugar Association, saying the group misleads consumers by suggesting its sweetener is to blame for obesity and other health issues.


Consumer Trends: Wine Has A Great Year

September 5, 2012 12:26 pm

The wine industry outperformed spirits and beer with a 4.6 percent rate of volume growth in 2011, the largest percent gain achieved in adult beverage, and projects another industry-leading year in 2012. In total, the wine industry expanded in 2011 to reach 329.2 million 9-liter cases, according to data released in Technomic's 2012 WineTAB (Trends in Adult Beverage) report.


Campari Moves Into Rum Market

September 5, 2012 9:58 am

Campari Group, the maker of the bright red Italian aperitif, says it has acquired a controlling stake in Jamaican rum maker Lascelles deMercado from the troubled Caribbean conglomerate CL Financial Ltd. Campari said Monday it had agreed to buy CL Financial's 81.4 percent stake and would offer to buy the rest of Lascelles' shares.


‘Food Hubs’ Connect Schools With Farmers

September 5, 2012 9:57 am | by GOSIA WOZNIACKA,Associated Press

California-based Ag Link allows school districts to communicate with nearby farmers and buy their produce with the click of a mouse. It's helping the Turlock district and others meet new federal rules requiring more fruits and vegetables in school cafeterias to help prevent childhood obesity.


McDonald’s To Open Vegetarian Restaurants In India

September 5, 2012 9:54 am | by CANDICE CHOI,AP Food Industry Writer

McDonald's Corp., the fast food chain that brought the hamburger to the world, is opening what may be its first vegetarian-only restaurants. The world's biggest hamburger chain said Tuesday that the locations in India will serve only vegetarian food because of customer preferences in the region. The company could not immediately say when the restaurants would open or how many there would be.

Smithfield Foods 1Q Net Falls On Lower Margins

September 5, 2012 9:51 am | by MICHAEL FELBERBAUM,AP Business Writer

Smithfield Foods Inc. said Tuesday that lower profit margins on fresh pork and higher selling costs drove the world's biggest pork producer's first-quarter net income down about 25 percent, despite gains in its packaged meats business. Pork producers like Smithfield are caught in a tug of war with consumers.


Beverage Company To Pay Worker Forced Into Prostitute Parties

September 5, 2012 9:49 am

Latin America's biggest beverage company Ambev must pay $25,000 to a worker who was forced to attend prostitute parties as part of a manager's incentive program, Brazil's top labor court ruled. Anheuser Busch InBev's Brazilian unit AmBev must pay because of the embarrassment and bullying the employee suffered, the court stated in a release on its website.


Photo Of The Day: Meatless McDonald's

September 5, 2012 9:47 am

McDonald's Corp., the fast food chain that brought the hamburger to the world, is opening what may be its first vegetarian-only restaurants. The world's biggest hamburger chain said Tuesday that the locations in India will serve only vegetarian food because of customer preferences in the region. The company could not immediately say when the restaurants would open or how many there would be.



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