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Industry News
The U.S. food industry can expect
a lot of mergers and acquisitions
as companies look to gain more revenue and earnings
growth and new, innovative products, stated Greg Pearlman,
managing director and head of BMO Capital Markets, a
speaker at the Reuters
Food and Agriculture Summit, reported Reuters.
Full
Story
New!
Mr. Pearlman also shared his M&A views during the
Food Institute webinar A Look at Merger
& Acquisition Activity, Past, Present and Future,
the recording of which is now available for purchase.
David W. Schoeder, Principal and Founder, The Food Partners
and Karen G. Bokat, antitrust lawyer and Consulting
Counsel, Wiley Rein LLP, also discussed recent M&A
activity and what makes certain companies appealing
to sell or buy. To purchase a recording, click
here.
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McDonald's
is looking to sell all soft drinks, at any size, for
$1 this summer, reported Dow Jones. McDonald's
wants the $1 drink promotions to run 150 days, starting
after Memorial Day, up from 100 days in prior years,
according to franchisees. McDonald's is also in early
tests on other beverage additions, including frozen
lemonade and shakes, both in a small number of stores,
reported CSP Daily News. Full
Story
The
Pantry will introduce to-go food options chainwide
this year. The launch will begin in Charlotte-area stores
in its fiscal third quarter. The company is also looking
to improve its coffee offerings, according to chairman
and CEO Terry Marks, reported
CSP Daily News. Full
Story
The
North American beverage sector has started to see  some
weak trends reverse; however, expensive drinks are
not likely to experience pre-recession growth, Stifel
Nicolaus analyst Mark Swartzberg stated during the Reuters
Food and Agriculture Summit, reported Reuters.
Full
Story
A&P
joined with Zavers to offer mobile couponing
at participating
A&P grocery stores. Full
Story
 Executives
on the Move: Fred Wampnar
was named CEO of Accutech Films, Inc. Full
Story
International News
The European Parliament voted not
to make "traffic light" food labels mandatory.
Members stated that the regulation should specify only
general rules on how information should  be
displayed, reported Food Navigator. Full
Story
The
European Council adopted a position on the proposed
novel foods amendment that includes produce from
clones as a stop-gap, but suggests specific legislation
be put in place in the near future, reported Food
Production Daily. Full
Story
Health News
Increased
dietary intakes of nitrates may produce beneficial blood
pressure and cardiovascular
health effects, claims a study published in Nitric
Oxide, reported Food Navigator. Full
Story
Washington News
Sen.
Blanche Lincoln (D-AR) unveiled the Healthy, Hunger-Free
Kids Act of 2010, providing
$4.5 billion in new child nutrition program funding
over 10 years. The legislation aims to ensure that all
children eligible for nutrition programs are actually
participating, improve the quality of meal benefits,
and modernize and improve the integrity of the programs.
Full
Story
Sen.
Patrick Leahy (D-VT) and 13 other senators introduced
the Growing Farm To School Programs Act,
which would provide $50 million in startup funds to
local schools and districts, through competitive grants,
for technical help in connecting school foodservice
providers with local small- and medium-sized farms for
efficient and cost-effective purchases of locally produced
foods for school lunchrooms. Sen.
Leahy
expects the new bill to be incorporated into a major
child nutrition reauthorization bill that is nearing
action by the Senate Agriculture Committee. Full
Story
Market News
A 3.3% decline in U.S. orange juice
sales for the four weeks ending Feb. 20
is being attributed to increased pricing. The average
OJ price rose 2% from January to $5.47 per gallon. Although
last month's average retail price was 3.7% lower than
the $5.68 average in February 2009, consumers react
more to immediate price rises than the long-term trend,
according to Bob Norberg, deputy executive director
of research and operations at the Florida Citrus Commission,
reported The Lakeland Ledger. Full
Story (Free Registration Required)
Mamamia Produce LLC added Mexican
avocados to its lineup, reported The Packer Online.
Full
Story (Subscription Required)
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