In the initial two- to three-year phase, the new plant will operate four biscuit-manufacturing lines with a total capacity of nearly 90,000 tons per year. That's the equivalent of about nine-times the weight of the Eiffel Tower in Paris. Like other, state-of-the-art Mondelez International plants, the facility is scalable.
The world's largest beverage maker, Coca-Cola,...
The Minneapolis company that owns Betty Crocker and Green Giant brands said in a regulatory...
The 91-year-old billionaire owner of Dole Food Co. said Tuesday he is committing $15 million a...
The Swiss-based food and drink company Nestle SA is selling two baby food brands in Germany to an investor consortium for an undisclosed sum. The company says it plans to concentrate its baby food business in Germany and Austria.
Sabra Dipping Co. is doubling its production capacity and creating 70 jobs in 2015 by expanding its Virginia operations. Sabra first opened its factory in 2010, making 4,000 tons of hummus monthly.
It looks like the Obama administration has finally thrown down the gauntlet with companies moving their headquarters overseas.
North Dakota's state-owned flour mill is currently undergoing a $27 million expansion that will make it the largest wheat-grinding factory in the U.S. The mill's manager said the expansion is necessary to meet growing flour demand.
The company revealed its plans to invest about $30 million to transform two historic buildings into the production facility and tourist attraction along a stretch of downtown Louisville that was known as "Whiskey Row" from the city's liquor-making heyday.
NutraSweet says it will no longer make the artificial sweetener aspartame as a result of foreign competition. The privately held company expects to shut down a major portion of the plant by year-end as a result.
The 53-foot trailer, dripping with rancid juices of rotting chicken, was discovered near the Flying J Truck Stop west of Missoula, Montana. The 35,000 pounds of chicken were worth $80,000.
An Ohio man, Zack Brown, who jokingly asked for $10 on Kickstarter for his first attempt to make potato salad, ended up raising $55,000. Now, he is making good on his promise and throwing a huge party: PotatoStock 2014.
Stephen Colbert of "The Colbert Report" speaks of the devastating blow to grandfathers and hipsters alike as the all-American Pabst Brewing Company is acquired by a Russian company.
The Treasury Department announced new regulations aimed at making these so-called inversion deals less lucrative. In a typical deal, an American company buys a foreign firm based in a country with a lower tax rate, then moves its headquarters overseas.
Michigan State University is receiving a $3 million federal grant for a facility designed to help food companies better process and market their products.
It looks like foreign investors are taking one more slice of Americana pie. News broke this week that Pabst is being sold to a Russian company, which begs the question, “Can we still claim it as our own?”
Pabst has been an American company since 1844 and will continue to be an American iconic brand with its headquarters in the U.S. The future owners of Pabst are "deeply committed to Pabst's future as an American company."
The maker of Pabst Blue Ribbon beer is being sold to Russian company Oasis Beverages for an undisclosed sum. Oasis is buying Pabst with TSG, an investment firm known for its work with consumer products companies.
ConAgra's first-quarter earnings nearly tripled as the food producer cut costs and volumes increased. The maker of Chef Boyardee, Hebrew National hot dogs and other packaged foods posted revenue of $3.7 billion, just edging out expectations.
Host Stephen Colbert of "The Colbert Report" talks about a major investor's attempts to take over a restaurant chain, but their corporate tactics may incite a populist uprising.
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.
Rabobank has issued a new report on the global poultry industry for Q3 2014, saying that the Russian ban on poultry meat imports from the U.S., EU, Canada, Australia and Norway will not derail the bullish outlook for poultry meat prices.
FreshPet Inc. didn't say when it plans to go public or how many shares it plans to sell. FreshPet says it makes its foods out of fresh meats and vegetables in a refrigerated facility and does not use contract manufacturers.
Dutch brewer Heineken says it has rejected a takeover bid by its rival SABMiller. The Heineken family informed SABMiller it intends to preserve the heritage and identity of Heineken as an independent company.
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.
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.
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.
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.
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.
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