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Diageo Breaks Ground on $115M Kentucky Distillery

August 22, 2014 8:00 am | by Diageo | News | Comments

Diageo broke ground on its new Kentucky distillery, which has officially been named "The Bulleit Distilling Co." The company aims to have the distillery operational in late 2016.                   

US Foods Worker Indicted on Embezzlement Charges

August 21, 2014 9:29 am | by Associated Press | News | Comments

A 43-year-old worker for U.S. Foods Inc. has been indicted on charges of embezzling more than $...

Heineken Sales Drop Due to Strong Euro

August 20, 2014 9:13 am | by Associated Press | News | Comments

Heineken NV reported its first half earnings with a small drop in both revenue and profits....

Cianci Sauce Made No Money for Charity in 4 Years

August 19, 2014 2:30 pm | by MICHELLE R. SMITH, Associated Press | News | Comments

Former Providence, Rhode Island Mayor Buddy Cianci's face beams from the label of his Mayor's...

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Daily news and top headlines for food manufacturing professionals

Food Costs, Consumer Prices Up Slightly in July

August 19, 2014 11:04 am | by MARTIN CRUTSINGER, AP Economics Writer | News | Comments

For July, the 0.4 percent rise in food costs was the fifth increase of that size or higher in the last six months. Food prices have been pushed higher by adverse weather conditions including a severe drought in California.        

KeHE Completes Acquisition of Nature's Best

August 18, 2014 2:55 pm | by PR Newswire | News | Comments

Already the largest distributor of specialty food products and the second-largest distributor of natural food products in North America, KeHE will now employ over 4,000 employees, operate 14 warehouses, distribute to over 35,000 store doors weekly and export to 32 countries.

Governors Step Into Supermarket Feud Fray

August 18, 2014 2:15 pm | by Associated Press | News | Comments

Massachusetts Gov. Deval Patrick and New Hampshire Gov. Maggie Hassan participated in negotiations Sunday with the owners of the Market Basket chain — feuding cousins Arthur T. Demoulas and Arthur S. Demoulas — as well as several other shareholders.

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Coca-Cola Bets on Energy Drinks With Monster Stake

August 15, 2014 8:57 am | by Associated Press | News | Comments

Coca-Cola is buying a heavy stake in Monster Beverage for $2.15 billion, hoping to benefit from the surging popularity of energy drinks. The deal is the latest move by Coca-Cola to look beyond its own portfolio of Sprite, Dasani, Powerade and other drinks for growth. 

US Producer Prices Rise Only 0.1 Percent in July

August 15, 2014 8:20 am | by CHRISTOPHER S. RUGABER, AP Economics Writer | News | Comments

The Labor Department says the producer price index rose 0.1 percent in July, following a 0.4 percent gain in June. The cost of vegetables, among other goods, fell. In the past year, producer prices have risen just 1.7 percent, slightly below the Federal Reserve's target.

Constellation Buys Casa Noble Tequila

August 13, 2014 12:00 pm | by Associated Press | News | Comments

With stars like Justin Timberlake, P Diddy and George Clooney all launching their own brands, tequila sales are rising. Constellation Brands is closing a deal next month to buy Casa Noble tequila. Casa Noble tequilas include Casa Noble Crystal, Reposado and Añejo.

Penn. Liquor Board Urged to Boost Markup on Wine, Liquor Prices

August 13, 2014 8:45 am | by PETER JACKSON, Associated Press | News | Comments

PLCB's finance director proposed that the markup be raised from 30 percent to 35 percent. The issue of the markup rate comes amid a high-profile legislative stalemate over the future of Pennsylvania's state-controlled liquor system.    

The $2B Lawsuit Against PepsiCo, Pinnacle Foods and Quaker Oats

August 12, 2014 2:08 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Blogs | Comments

Two great-grandsons of the woman who once served as the face of Aunt Jemima filed a class action lawsuit against Quaker Oats and its parent company, PepsiCo, for exploiting Anna Short Harrington and not paying royalties to her estate.     

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Dean Foods Slumps as Raw Milk Prices Climb

August 11, 2014 1:00 pm | by Associated Press | News | Comments

The largest milk processor in the U.S., whose brands include Mayfield, Oak Farms and Tuscan, said it is facing its toughest business environment ever. The company said it took a loss in the second quarter as raw milk prices grew 31 percent compared to last year.

Northwest Consumers Spend More Freely on Groceries

August 8, 2014 11:35 am | by PHUONG LE, Associated Press | News | Comments

Since the Great Recession ended in 2009, consumers in Washington and Oregon are shelling out more for groceries. The proportion of what Oregonians spend on food costs, about 9.5 percent, ranks third in the nation, behind Hawaii and Nevada.

J.M. Smucker Co. to Acquire Nut, Fruit Snacks Brand

August 7, 2014 12:29 pm | by The J. M. Smucker Company | News | Comments

The J.M. Smucker Company, popular for its Folgers, Pillsbury and Smuckers brands, has agreed to acquire Sahale Snacks, a Seattle-based company. Sahale is a manufacturer of branded nut and fruit snacks, which are primarily sold in the United States.

Nestle Profit Falls on Stronger Swiss Franc

August 7, 2014 12:11 pm | by DAVID McHUGH, AP Business Writer | News | Comments

Nestle SA, maker of the Haagen-Dazs brand, experienced decreased sales in the first half of the year as a stronger Swiss Franc weighed on the bottom line. A stronger franc shrinks earnings in dollars and other currencies when those earnings are restated in francs.

Oreo-Maker Mondelez Says Price Hikes Scared Off Customers

August 6, 2014 12:00 pm | by Associated Press | News | Comments

The maker of Oreo, Cadbury and Trident reported lower sales in its second quarter due to price increases on its products. Mondelez CEO Irene Rosenfeld said the company expected its pricing actions to hurt sales, but didn't expect such a big impact. 

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US Pork Weighs in on Important Trade Matters

August 6, 2014 9:49 am | by National Pork Producers Council | News | Comments

The National Pork Producers Council insists that U.S. trade negotiators get from Japan a deal on pork similar to the one the United States got from South Korea and is urging lawmakers to exclude South Africa from a U.S. preferential trade measure.

Molson Coors 2Q Profit Climbs on Europe Strength

August 6, 2014 9:17 am | by Associated Press | News | Comments

Molson Coors Brewing Co., based in Denver and Montreal, experienced a 9 percent rise in its second-quarter profits as better pricing offset a decline in the volume of beer globally. In Europe, net sales per hectoliter climbed 1.9 percent from increased sales in the U.K.

Obama: US Companies to Invest $14B in Africa

August 5, 2014 12:00 pm | by JULIE PACE, AP White House Correspondent | News | Comments

Coca-Cola is among the U.S. companies to commit to a $14 billion investment in Africa's economy. During the panel discussion, former President Bill Clinton declared that the U.S. has "barely scratched the surface" of Africa's economic potential.

McDonald's: China Meat Scandal Hurting Sales

August 5, 2014 9:38 am | by Associated Press | News | Comments

McDonald's sales are hurting from a scandal over a meat supplier in China late last month. The hamburger chain said there has been "significant negative impact" in China, Japan and other affected markets. These regions make up 10 percent of the chain's revenue.

Soccer World Cup Lifts German Beer Sales

August 1, 2014 8:30 am | by Associated Press | News | Comments

The Federal Statistical Office said German beer sales rose by 4.4 percent in the first half of the year, gaining froth from the country's run to the soccer World Cup title. The increase comes amid a long-term downward trend in German beer sales.

AB InBev Sales Grow, Sees US Improvement

August 1, 2014 8:24 am | by Associated Press | News | Comments

AB InBev, known for its Budweiser brand, says its sales and earnings grew in the second quarter, with 7.2 percent growth in Brazil alone. The world's largest beer maker also says it sees an improving economic outlook in the United States.

Kraft Foods 2Q Profits Fall 42 Percent

July 31, 2014 11:30 am | by Associated Press | News | Comments

Kraft Foods, popular for its Velveeta and Oreo brands, reported a 42 percent decline in its second quarter net income. The Northfield, Illinois-based company said its earnings fell to $482 million compared to $829 million in the same quarter last year.

Former Vending Firm Official Sentenced in Pepsi Scheme

July 30, 2014 9:04 am | by Associated Press | News | Comments

A former official of a New Jersey-based vending company, 65-year-old Joseph Belasco of Cedar Grove, was sentenced to months in prison for his role in a scheme that defrauded the Pepsi Bottling Group of $2.9 million over a 10-year period.

Red Lobster Stacks Food Higher as it Struggles to Survive

July 29, 2014 8:53 am | by CANDICE CHOI, AP Food Industry Writer | News | Comments

Red Lobster's recent changes are an attempt by the seafood chain to reverse a year-long decrease in sales. Sit-down chains have been struggling since the economic downturn as people cut back on spending. The company is going vertical on the plate to push quality.

Coca-Cola Among Companies Looking to Make Gains Overseas

July 29, 2014 8:00 am | by MICHAEL LIEDTKE, AP Technology Writer | News | Comments

Major companies such as Coca-Cola are hoping to make more money in countries including China and India. Coca-Cola is looking abroad for growth largely because it's becoming tougher for beverage makers to increase revenue in a U.S. market already awash in soda and other refreshments.

Iowa Town to Lose 450 Jobs From Tyson Foods Closure

July 28, 2014 8:00 am | by Sioux City Journal, Sioux City, Iowa | News | Comments

Approximately 450 employees of the Cherokee, Iowa Tyson Foods will lose their jobs with the upcoming closure of the plant. The company, which is the second-largest employer of the city, is also closing plants in Buffalo, New York and Santa Teresa, New Mexico.

Court Tosses Chiquita Terror Payment Claims

July 25, 2014 1:00 pm | by Associated Press | News | Comments

A federal appeals court threw out claims against Chiquita Brands made by relatives of thousands of Colombians killed during years of bloody civil war. The lawsuits accused Chiquita of assisting in the killings by paying $1.7 million to a violent right-wing paramilitary group.

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