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North Carolina's Cumberland County Puts Poultry Plant on Hold

September 17, 2014 12:30 pm | by Associated Press | News | Comments

Cumberland County has delayed a decision on a proposed $113 million poultry plant in Cedar Creek near Fayetteville, N.C., after the county commissioners were unable to agree on an incentives package.             

Report: Russian Ban Won't Derail Outlook for Poultry Meat Prices

September 16, 2014 12:55 pm | by Rabobank | News | Comments

Rabobank has issued a new report on the global poultry...

FreshPet Files For IPO Valued at up to $100M

September 15, 2014 2:47 pm | by Associated Press | News | Comments

FreshPet Inc. didn't say when it plans to go...

Heineken Rejects SABMiller Takeover Bid

September 15, 2014 9:50 am | by Associated Press | News | Comments

Dutch brewer Heineken says it has rejected a takeover bid by its rival SABMiller. The Heineken...

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Penn. Liquor Board Returns $2.4M in Licensing Fees to Communities

September 15, 2014 8:00 am | by Pennsylvania Liquor Control Board | News | Comments

The Pennsylvania Liquor Control Board oversees the regulation of more than 18,000 liquor licenses and permits statewide, including clubs and beer distributors. As part of the annual license renewal or validation process, licensees pay a fee ranging from $125 to $700.

VIDEO: Expect a Smorgasbord of Deals in Natural, Organic Industry

September 12, 2014 2:30 pm | by The Deal | Videos | Comments

Not only will food giants be looking to buy growth by picking up companies in the fast-growing segment, but private equity firms are also seeking to invest.                                      

Ajinomoto to Acquire US Frozen Foods Maker Windsor

September 10, 2014 12:30 pm | by Kyodo News International, Tokyo | News | Comments

A U.S. subsidiary of Ajinomoto, known widely as the producer of the MSG seasoning, will acquire all shares in Windsor in early November. Ajinomoto hopes to increase frozen food sales in North America from $130 million forecast for the current fiscal year to around 100 billion yen by fiscal 2020.

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Halloween Candy Sales Up 12 Percent in the US

September 10, 2014 12:00 pm | by Packaged Facts | News | Comments

Hershey and Mars alone account for roughly 87 percent of Halloween chocolate sales. Mars attributes the success of its Variety Bags as a major area of growth for the company during the holiday.                    

Wild Turkey Bourbon Maker Reaches 60th Year in Business

September 10, 2014 9:11 am | by BRUCE SCHREINER, Associated Press | News | Comments

Celebrating his 60th year in the business, Jimmy Russell has overseen production of about 3 million barrels of bourbon as Wild Turkey's master distiller — enough to fill about 20 million cases, according to the brand's parent company, Italian-based Gruppo Campari.

5 Tips For Equipment Financing in 2014

September 9, 2014 9:52 am | by Kurt Kolesha, Sales Manager, EverBank Commercial Fiance's Packaging & Plastics Group | Articles | Comments

Today, banks are healthy and offering lower rates, which means manufacturers in the packaging space can pursue growth by employing strategic financing models. As a result, many would suggest that it is a perfect time to access capital.   

McDonald's Aug. Sales Continue to Plummet From China Scandal

September 9, 2014 9:34 am | by Associated Press | News | Comments

McDonald's Corp. said earlier this month that it will monitor its suppliers in China more closely after a food-safety scandal in the country hurt its sales and reputation.                     

General Mills to Buy Annie's For $820M

September 9, 2014 8:45 am | by Associated Press | News | Comments

Annie's will join General Mills' U.S. natural and organic products portfolio, which includes the Cascadian Farm, Muir Glen, LARABAR and Food Should Taste Good brands. The acquisition will expand General Mills' fast-growing natural and organic foods business. 

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Campbell Soup Posts 4Q Profit

September 8, 2014 11:00 am | by Associated Press | News | Comments

Its adjusted profit met Wall Street's view, but revenue fell short of estimates. Its profit outlook for this fiscal year also disappointed investors, and shares fell in morning trading Monday.               

Survey: Milk Prices Top Concern of Northeastern Organic Dairy Farmers

September 5, 2014 1:30 pm | by Lori Wright, NH Agricultural Experiment Station | News | Comments

This survey is the first to assess the educational needs of organic dairy farmers in the region. While this finding won’t come as news to dairy farmers, it may surprise organic milk consumers who pay considerably more for organic milk than conventional milk at the grocery store.

VIDEO: US Now No. 3 Among World's Most Competitive Economies

September 5, 2014 8:30 am | by ABC News | Videos | Comments

Ranking by the World Economic Forum showed the U.S. rising from No. 7 in 2012 to No. 3 currently.                                            

USDA to Buy Up to $13M in Canned Pink Salmon

September 4, 2014 12:25 pm | by Associated Press | News | Comments

The USDA has agreed to buy the canned pink salmon to ease a glut that has weighed down prices for Alaska fishermen. Earlier this year, the agency purchased $20 million worth of canned salmon.                 

Blue Bunny Ice Cream Plant Closes its Doors

September 4, 2014 12:00 pm | by Daily Sentinel, Le Mars, Iowa | News | Comments

The maker of Blue Bunny ice cream, Wells Enterprises, said it would close its ice cream plant in St. George, Utah, and move production to its Le Mars facility. The Utah plant is expected to be closed by the end of 2014.           

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90 Layoffs in Archer Daniels Midland Sale

September 4, 2014 11:30 am | by Standard-Speaker, Hazleton, Pennsylvania | News | Comments

The sale of Archer Daniels Midland's northeastern Pennsylvania plant forced the company to lay off 90 employees. Another 118 workers who make chocolate will transfer to the buyer, Cargill, which has yet to decide what will happen to the Hazleton plant.

Penn. Liquor Board Reports Record Revenue

September 4, 2014 8:40 am | by Pennsylvania Liquor Control Board | News | Comments

In a new report, the Pennsylvania Liquor Control Board said the total for the year ending June 30 is $13 million, or about 2.5 percent, higher than the previous year's transfer.                      

South American Food Chains Use Florida as US Gate

September 3, 2014 11:00 am | by BY FERNANDO PEINADO, Associated Press | News | Comments

El Corral is among a growing number of South American restaurant chains that are using South Florida as the gateway to the U.S. market.  Juan Valdez, a Colombian company, plans to open 60 franchised cafes in Florida in the next five years in an attempt to challenge Starbucks.

Heineken Sells Mexican Packaging Business to Crown

September 3, 2014 9:15 am | by Associated Press | News | Comments

Heineken sold its packaging business in Mexico to Crown Holdings Inc. of the US for $1.23 billion to reduce its debt. Heineken had acquired the business in 2010 as part of a deal to buy the Mexican company Femsa, which owned the Dos Equis brand.

The Contract Manufacturing Agreement: What Food Makers Need to Know

September 3, 2014 8:20 am | by Dori E. Brewer, Perkins Coie LLP | Articles | Comments

Before taking the outsourcing plunge, it is critical that businesses commit to processes that ensure the safety of consumers, the security of their intellectual property and compliance with food safety laws.           

In Quake, Wine Barrels Became Quarter-Ton Projectiles

September 2, 2014 2:22 pm | by ELLEN KNICKMEYER, Associated Press | News | Comments

In winery after winery, oak wine barrels stacked high and weighing more than a quarter-ton each came cascading down, renewing worries about a lightly regulated threat to safety in fault-riddled wine country.            

Beer Gardens Helping Milwaukee County Budget

September 2, 2014 12:00 pm | by CARRIE ANTLFINGER, Associated Press | News | Comments

Beer gardens weren't terribly hard for people to accept in Milwaukee County, which has one of the highest numbers of people with German ancestry in the country. While the big breweries moved years ago, beer is still ingrained here, with smaller breweries like Sprecher Brewing Co. 

Colorado Town OKs Bud Light 'Whatever' Promotion

September 2, 2014 11:25 am | by The Denver Post, Denver, Colorado | News | Comments

Some residents of Crested Butte, Colorado are upset after local officials gave the go-ahead to Bud Light to take over the town, fence it in and literally paint it blue for an upcoming weekend event.                 

ADM Selling Chocolate Business to Cargill

September 2, 2014 10:36 am | by Cargill | News | Comments

Archer Daniels Midland Co. is selling its global chocolate business to Cargill for $440 million. The agribusiness company said the sale will give the company an opportunity to redeploy capital to other areas and improve its returns.    

US Current Leader in Wine Segment

August 29, 2014 12:00 pm | by Investorideas.com | News | Comments

According to recent research from Smart Research, the US is the market leader in the wine segment but China is projected to take the leading position by 2016-17.                     

Teamsters Warn of Antitrust Obstacles to Sysco, US Foods Merger

August 29, 2014 8:45 am | by International Brotherhood of Teamsters | News | Comments

The International Brotherhood of Teamsters warned industry analysts and investors about possible antitrust obstacles connected to the proposed merger of Sysco and US Foods. The merger is currently under antitrust review by the Federal Trade Commission.

10 Things to Know About 'Corporate Inversions'

August 27, 2014 12:45 pm | by STEPHEN OHLEMACHER, Associated Press | News | Comments

The merging of Tim Hortons with Burger King is drawing a lot of flak over plans to shift its legal address to a foreign country. The transaction is called a corporate inversion, a maneuver that is becoming popular among companies lokoing to lower their tax bills.

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