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January 19, 2010
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Industry News

Cadbury PLC accepted Kraft Foods' final merger offer, which values Cadbury at approximately $19 billion. Full Story

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.

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

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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

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.

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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