Advertisement
Financial News
Subscribe to Financial News

The Lead

Nestle Hopes to Boost Chocolate Brand, Weather Russian Downturn

April 1, 2015 12:00 pm | by Andy Szal, Digital Reporter | News | Comments

Peter Brabeck-Letmathe, chairman of the Swiss multinational, said last week in Hong Kong that the company's Cailler brand would be recast as premium Swiss chocolate to help international sales.

Falling Corn Prices Stalk Monsanto, Sending 2Q Profits Lower

April 1, 2015 11:48 am | by MATTHEW PERRONE, AP Business Writer | News | Comments

The St. Louis agricultural business giant reported a second-quarter profit of $1.42 billion, or...

Starbucks, Dannon Partner on Yogurt Products

April 1, 2015 11:30 am | by Andy Szal, Digital Reporter | News | Comments

Starbucks on Tuesday announced a new yogurt partnership with Danone SA as part of efforts to...

How Distributors and Manufacturers Can Partner to Grow Sales, Value-Added Service

April 1, 2015 10:20 am | by Gary Nuttall, President, Gray Tools Canada | Articles | Comments

Here are just four examples of how distributors can take advantage of their suppliers’ ...

View Sample

FREE Email Newsletter

Daily news and top headlines for food manufacturing professionals

New Va. Tech Dairy Science Facilities Under Construction

April 1, 2015 8:10 am | News | Comments

Virginia Tech is moving its dairy farm to a new $14 million off-campus facility. Officials say the Blacksburg school's 500-head dairy herd and production facility will be relocated to the university's Kentland Farm in Montgomery County.

Molson Coors Acquires Mount Shivalik Breweries Ltd.

April 1, 2015 7:55 am | by Molson Coors Brewing Company | News | Comments

 As part of the transaction, MCI acquired MSBL's entire brand portfolio, including the leading strong beer brand, Thunderbolt, and assumes direct control over brewing operations in Haryana and Punjab, as well as distribution for Thunderbolt in Bihar.

Judge to Hear Arguments in Chobani Lawsuit

March 31, 2015 3:35 pm | by Andy Szal, Digital Reporter | News | Comments

A New York judge will hear arguments Tuesday in a potentially $1 billion legal fight over control of Chobani Greek yogurt.

Advertisement

Pet Food Market an Intriguing Acquisiton Target For Food Giants

March 31, 2015 1:18 pm | by Packaged Facts | News | Comments

In the $28 billion U.S. pet food market, mergers and acquisitions have dominated the headlines in recent years. Among the most noticeable pet market merger and acquisition trends has been companies traditionally known for producing food for humans entering the pet food category.

Jury Awards $38.5M in Fatal Shooting at Kraft Foods Plant

March 31, 2015 8:00 am | by AP Exchange | News | Comments

The families of two women killed by a co-worker at a northeast Philadelphia plant 4½ years ago were awarded $38.5 million in punitive damages from a security guard firm on Monday.

Bacardi Acquires Angel's Envy Bourbon

March 30, 2015 1:02 pm | by Bacardi | News | Comments

The deal marks Bacardi’s entry into the bourbon category of the North American whiskey sector.

Ferrara Candy Enhances Manufacturing Network, Creates More Than 100 New Jobs

March 30, 2015 1:00 pm | by Ferrara Candy Company | News | Comments

Ferrara Candy Company announced a series of enhancements to its manufacturing network, including increasing the manufacturing capacity and capabilities of its Bellwood, Ill. manufacturing facility, and opening a new packaging center in Bolingbrook, Ill.

Keurig Green Mountain and Reily Foods Company Announce Partnership

March 30, 2015 12:45 pm | by Keurig Green Mountain | News | Comments

With this new agreement, consumers in at-home and away-from-home channels will be able to enjoy their favorite New England brand coffee, French Market brand coffee, and Luzianne brand iced teas at the touch of a button in a variety of Keurig formats. The companies plan to launch the new, licensed K-Cup pods in fall 2015.

Advertisement

America Has Entered a New Era of Sports Nutriton

March 27, 2015 3:35 pm | by Package Facts | News | Comments

Among the most popular functional foods are sports drinks and nutrition bars. According to market research publisher Packaged Facts, 36 percent of all U.S. adults consume sports drinks. Meanwhile, dollar sales in the nutrition bar segment grew an impressive 8 percent last year to reach $2 billion.

VIDEO: A Breakup of Campbell Soup Could Prove Tasty For Investors

March 27, 2015 10:55 am | by USA Today | Videos | Comments

A breakup of Campbell Soup may be the best recipe for the food giant to revive investor interest, as shoppers increasingly turn their noses up at the company's core simple meals and beverages offerings.

Monsanto Fined For Not Reporting Idaho Chemical Releases

March 27, 2015 8:10 am | by KEITH RIDLER, Associated Press | News | Comments

Monsanto Co. has agreed to pay $600,000 in fines for not reporting hundreds of uncontrolled releases of toxic chemicals at its eastern Idaho phosphate plant.

Founder of 5-Hour Energy Drink is Big Political Donor

March 26, 2015 10:45 am | by AP Exchange | News | Comments

The billionaire founder of the 5-hour Energy drink and his Michigan-based companies have given millions to candidates for state office and political groups across the country, but he remains little-known in his home state.

ConAgra 3Q Hurt by Charge; Adjusted Profit Tops Expectations

March 26, 2015 9:25 am | by AP Exchange | News | Comments

ConAgra Foods Inc. moved to a loss in its fiscal third quarter because of a hefty impairment charge, but its adjusted profit beat analysts' expectations. The maker of Chef Boyardee and other packaged foods also boosted its full-year profit outlook.

Advertisement

Heinz-Kraft Deal: The Stories Behind the Brands

March 26, 2015 8:00 am | by DAMIAN J. TROISE, AP Business Writer | News | Comments

The combination of H.J. Heinz Co. and Kraft Foods Group Inc. will bring many of America's oldest and best-known brands under the same corporate roof. Here's a look at the history behind some of those products.

In The News: The Heinz-Kraft Merger

March 25, 2015 12:12 pm | by Jesse Osborne, Editor, Food Manufacturing | Articles | Comments

Find out everything you need to know about Wednesday's big announcement by taking a look at this compilation of media coverage.

Heinz Buying Kraft and Building a Food Giant

March 25, 2015 10:00 am | by MICHELLE CHAPMAN, AP Business Writer | News | Comments

The Kraft Heinz Co. will own Kraft, Heinz, Oscar Mayer, Ore-Ida and a large stable of other brands. Eight of those brands have annual sales of $1 billion or more and five others log sales between $500 million and $1 billon every year.

J.M. Smucker Co. Completes Acquisition of Big Heart Pet Brands

March 24, 2015 8:45 am | by The J.M. Smucker Company | News | Comments

Big Heart Pet Brands is a leading producer, distributor, and marketer of premium-quality, branded pet food and pet snacks in the United States.  Its brands include Meow Mix, Milk-Bone, Kibbles 'n Bits, 9Lives, Natural Balance, Pup-Peroni, Gravy Train, Nature's Recipe, Canine Carry Outs, and Milo's Kitchen.

Infographic: Bigger Not Necessarily Better For Restaurants

March 23, 2015 1:50 pm | by Technomic | News | Comments

The 500 largest restaurant chains in the United States accelerated their cumulative sales growth in 2014 to a 4 percent increase, totaling an estimated $274.4 billion. But some of the biggest brands among them, namely Subway and McDonald's, lost ground to focused-menu competitors and emerging fast-casual chains and reported overall sales decreases for the year.

Lone Star Western Beef Inc. Relocates Facility to Greater Reading, Pa.

March 23, 2015 11:50 am | by Greater Reading Economic Partnership | News | Comments

The company's products are currently sold direct to consumer on the company's e-commerce website and in over 10,000 retail stores in the United States. Lone Star currently employs fourteen people and plans to create up to 21 additional jobs, totaling 35 people.

Martin-Brower to Build Food Distribution Facility in Louisiana

March 23, 2015 8:00 am | by Associated Press | News | Comments

The Martin-Brower Company plans a $16 million capital investment to build a new facility in Walker, La. The project will help retain 160 existing jobs and create 30 new jobs.

Monsanto to Pay $350K to Settle More Wheat-Related Lawsuits

March 19, 2015 1:00 pm | by Associated Press | News | Comments

The St. Louis company said Wednesday it will make donations of $50,000 to agricultural schools at land grant colleges in Kansas, Missouri, Illinois, Oklahoma, Texas, Louisiana and Mississippi.

Pure Foods Selects Tennessee City for US Headquarters

March 19, 2015 12:35 pm | by Associated Press | News | Comments

The specialty snack food maker is investing $22 million to build an 88,000-square-foot facility that's expected to create more than 270 jobs in Kingsport.

Alaska Fishermen Consider Leaving Copper River Marketing Association

March 19, 2015 10:40 am | by MOLLY DISCHNER, Associated Press | News | Comments

A growing number of restaurant customers and grocery store shoppers in the country are asking for Alaska's Copper River sockeye salmon by name. But red fish could be in jeopardy as the commercial fishermen who provide much of its funding decide whether to pull their support.

North American Meat Institute Announces Speakers for Meat Industry Management Conference

March 19, 2015 7:45 am | by NAMI | News | Comments

The North American Meat Institute this week announced key speakers for its upcoming Meat Industry Management Conference, scheduled to take place April 15-18, 2015, in Carlsbad, California. The annual conference will feature education sessions covering an array of topics, including food safety, government regulations, economics, communications and workforce issues. 

General Mills Completes Plan to Cut About 800 Jobs

March 18, 2015 1:15 pm | by Associated Press | News | Comments

General Mills says that it has completed a plan to eliminate about 800 positions. The maker of Cheerios cereal, Yoplait yogurt and other packaged foods also reported mixed results for its fiscal third quarter as a stronger dollar pressured sales.

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading