| Editor's
Note: The Daily Brief will not be published on July
4.
Industry News
Kraft Foods Inc. made a
binding offer to acquire Groupe Danone's global biscuit
business for $7.2 billion
in cash. Danone must consult with its Works Council
prior to entering into a definitive agreement. Yet,
both companies believe that the transaction will close
by the end of the year. Full
Story
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Triarc Cos. is considering whether
to participate in the Wendy's auction and strongly
objects to the restrictive one-year standstill clause
Wendy's imposed. A standstill agreement would require
Nelson Peltz to agree to refrain from purchasing additional
stock in Wendy's or otherwise limit his holdings, reported
The Associated Press. Nelson Peltz believes that
his firm, Triarc, is "a natural, strategic buyer
for the company and should be encouraged to participate
in the process." Full
Story, SEC
Filing
Marsh Supermarkets
Inc. launched a campaign to remodel 70% of its grocery
stores within a year. About 65 of the chain's stores
will be branded as Marsh Hometown Markets and about
40 full-service, larger stores will be branded Marsh
the Marketplace, reported Indianapolis Business Journal.
Full
Story
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Three Michigan-based
grocers bought six Farmer Jack stores, leaving 37
without buyers as the chain nears its July 7 deadline
for exiting the metro Detroit area, reported Detroit
Free Press. Full
Story
 Hall's
Culligan Water acquired Prestige Coffee/Coffee Time,
which specializes in coffee and other hot and cold beverage
products for businesses, industry, restaurants and convenience
stores, reported CSP Daily News. Full
Story
Proliant
Meat Ingredients acquired Fisher Foods, a manufacturer
of custom-blended stocks and broths for meat and poultry
applications. Full
Story
Latest
sales & earnings for food related companies
(Updated Daily)
The
U.S. dollar hovered at 26-year-lows against the British
pound July 3 and remained within sight of a record
low against the euro, reported Forbes.com. Full
Story
Texas Roadhouse, Inc. closed
on the acquisitions of nine franchised restaurants,
which include seven in Indiana and one each in Kentucky
and Missouri, for approximately $22.6 million. Full
Story
Einstein Noah Restaurant
Group Inc. plans to open three to five Einstein Bros.
Bagels franchises in the Charlotte, NC area over
the next three years, reported Charlotte Business
Journal. Full
Story (Free Registration Required)
Tennessee
Bun Co. and Nashville Bun Co. expanded its contract
with McDonald's to supply
buns and rolls to locations in Puerto Rico, reported
Nashville Business Journal. Full
Story (Free Registration Required)
Correction: An item
in the July 2 Stagnito Daily Brief should have read:
Grocers including the Kroger Co., Lund Food Holdings
Inc. and Hannaford Bros. Co. expanded into the organic
market with government certifications. The "certified
organic retailers" designation will require retailers
to comply with handling standards nearly as strict as
those for kosher or vegan foods, reported The Oakland
Tribune. Full
Story
International News
Chinese inspectors found excessive
amounts of additives and preservatives in several children's
snacks, according to officials. The snacks including
soft drinks, candied fruits, gelatin desserts and some
types of crackers, which were removed from 70 supermarkets,
department stores and wholesale markets in seven cities,
reported ABC News. Full
Story
Nestlé completed its acquisition
of Novartis Medical Nutrition. Full
Story
Ahold completed the sale of its Polish
retail operation to an affiliate of French retailer
Carrefour for €375 million. Full
Story
The Cadbury Schweppes plant in St.
Catharines, Canada closed because the company outsourced
the production work to other facilities it owns in the
U.S. and Europe. The plant, officially called the Yale
Crescent, was the last one in Canada to convert grapes
into juice, reported Business First of Buffalo.
Full
Story
The European Nutrition and Health
Claims Regulation was enacted. As a result, no food
product will be allowed to be labeled under vague or
generic terms such as "good for your heart,"
"help lower cholesterol" or "superfood"
without scientific backing, reported Nutraingredients.com.
Full
Story
A
UK-division of AarhusKarlshamn AB acquired Croda
Food Services from Croda International P.L.C. Croda
Food supplies a range of products and services to the
bakery industry. Full
Story
Health News
 Nearly
one in three Americans abuse or become dependent on alcohol
over the course of their lives,
and most never seek treatment, according to research from
Columbia University Medical Center in New York, reported
Reuters. Full
Story
Washington News
FDA
signed a pact with European Food Safety Authority to
share information about the safety of the food supply.
The agreement will pave the way for formally sharing confidential
scientific information and will help to protect the information
under both regions' laws, reported Reuters. Full
Story, FDA
Release
The Chocolate Manufacturers Association
hired Fontheim International to lobby the federal
government on policy issues affecting trade in cocoa
and related products, according to a disclosure form.
The Hershey Co. and Archer Daniels Midland Co.'s cocoa
unit are among the nine companies that are members of
the group, which also includes Nestle SA and a Mars
Inc. unit, reported The Associated Press. Full
Story
The New York Times On the Web looks
at China's Xulong eel factory in the wake of last
week's import alert issued by FDA that will result
in the detention of farm-raised shrimp, eel, basa and
dace at U.S. borders. Xulong defended the quality and
safety of its products. Full
Story (Free Registration Required)
A U.S. District Court denied a motion
for a preliminary injunction that CKE Restaurants, Inc.
filed against Jack in the Box Inc. seeking to have
television ads supporting its new 100% Sirloin Burger
taken off the air. The court found that CKE Restaurants,
Inc. did not meet its burden of demonstrating that the
Jack in the Box ads mislead the public about the origins
of Angus beef. Full
Story
Robert's American Gourmet
Food, Inc. expanded its snack recall to include
Super Veggie Tings Crunchy Corn Sticks Snack Food. The
product may be contaminated with Salmonella. Full
Notice
Market News
California's endangered species regulator
suggested slowing down the Delta pumps that
deliver drinking and irrigation water to much of the
state in order to protect the Delta smelt - a species
of fish. State representatives are suggesting shifting
water away from cotton and alfalfa farms in the San
Joaquin Valley, by either changing subsidy policies
or not to renewing contracts from the federally owned
Central Valley Project, reported Oakland Tribune.
Full
Story
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for traditional supermarkets, convenience
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With the expansion of the ethanol industry,
there is a greater supply of co-products that can
be fed to livestock, according to a study by National
Agricultural Statistics Service and the Nebraska Corn
Development, Utilization & Marketing Board. Full
Story
Hawaii's
Waimanalo irrigation system level dropped below 25-ft.
over the weekend, triggering a required 20% water
use cutback, according to the Hawaii State Agriculture
Department, reported Pacific Business News. Full
Story (Free Registration Required)
The
International Trade Association is conducting its semi-annual
2005-2006 new shipper review of the antidumping duty
order on honey from China. Full
Notice
USDA established a Dairy Product
Mandatory Reporting Program. Full
Notice
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