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Industry News
Cadbury PLC accepted Kraft Foods'
final merger offer, which
values Cadbury at approximately $19 billion. Full
Story
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Eye-Opening Report: 5 Mobile
Security Vulnerabilities
Direct store delivery businesses rely on mobile
devices every day. But there are many risks to
consider. In this report, you'll discover how
to protect your valuable corporate and customer
information from getting into the wrong hands.
Download
your complimentary copy now.
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Unilever signed a definitive agreement
with Hormel Foods Corporation to sell its Shedd's
Country Crock branded chilled side-dish business in
the U.S. The chilled side-dish business generated approximately
$50 million in revenue for Unilever in 2009, and ownership
of the Shedd's Country Crock trademark and its flagship
spreads product range remain with Unilever. The transaction
is expected to close by February. Full
Story
Food processor Quantam Foods acquired
protein processing company North Star Foods. Full
Story
Grocers
are resurrecting, revamping and promoting more heavily
discounts aimed at senior citizens, according to
OregonLive.com. For example, Kroger Co. will
offer a 10% discount, applied to everything but groceries,
for shoppers 55 and older on the first Tuesday of each
month beginning in February.
Full
Story (Free Registration Required)
 Foodservice
represents 9% of The Pantry Inc.'s mix of total inside
sales compared to an industry average of 17%. "We
also think there are opportunities to expand beyond
the core hot dogs in the convenience store business
and do a better job with fresher and healthier offerings,"
stated Frank Paci, EVP and CFO, who spoke at the 12th
annual ICR XChange Conference. Branded foodservice also
presents an opportunity, according to Mr. Paci. Meanwhile,
Mr. Paci stated there are ample acquisition opportunities
in the Southeast, reported CSP Daily News. Full
Story
International News
 The
Argentine food and beverage market is expected to grow
in 2010 following a stable
2009, noted FAS. Retailers indicate that they will continue
to expand through the opening of new stores, primarily
in the interior of the country. Purchases of imported
foods are expected to remain flat or begin to grow again
after a marginal drop in 2009. FAS
Report
Argentina's government stated it
would put more pressure on supermarket chains to
ensure they keep prices down on basic goods. "It is
important for us to monitor everything that encompasses
the price agreements with the large chain stores, and
tighten the screws to see what's happening," stated
Economy Minister Amado Boudou, reported NASDAQ.com.
Full
Story
Health News
The
tea compounds L-theanine and caffeine at levels obtained
in a single cup of tea may improve attention,
according to a study from Unilever published in Appetite,
reported Beverage Daily. Full
Story
Washington News
The U.S. District Court in St. Louis
ruled that the Roundup Ready license agreements between
DuPont and Monsanto contain an unwritten term that prohibits
DuPont from stacking its Optimum GAT trait with Monsanto’s
Roundup Ready trait in soybeans or corn. Full
Story
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Listeria
Control and Regulation - Webinar Recording
Now Available
Purchase
Today! Listeria Control and
Regulation, a webinar presented by the Food
Institute and Olsson Frank Weeda Terman
Bode Matz PC, addressed root cause analysis
and corrective preventive measures when
Lm is discovered. Also, learn how to respond
to the government when an agency requests
a recall or threatens enforcement actions
as a result of Lm positives. To purchase
a recording, click
here.
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Heartland Payment Systems and Visa
Inc. issued a settlement agreement under which issuers
of Visa-branded credit and debit cards will have an
opportunity to obtain a recovery from Heartland with
respect to losses they may have incurred from the 2008
criminal breach of Heartland's payment system environment.
Heartland will pay up to $60 million to fund the settlement
program. Full
Story
Market News
Wishnatzki Farms unveiled Wish Farms,
a new brand for its fresh produce products. The new
consumer label will replace the Wishnatzki Farms label
on the company's strawberries, bell peppers, squash,
and cherry and grape tomatoes. Full
Story
Idaho's Congressional Delegation
asked USDA to assist potato producers struggling
due to a high supply of domestic potatoes and low prices.
In a letter sent to USDA Agricultural Marketing Service's
Administrator, the group asked for favorable consideration
to a pending request for purchase of fresh surplus potatoes
for federal nutrition programs under the Section 32
program. Full
Story
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