Acquisition of the KleurCraft™ portfolio strengthens DDW’s solutions across multiple hues for customers
November 25, 2015
The accord enables DDW -- a global manufacturer of natural colors, caramel colors and burnt sugars -- to expand in the thriving ingredient segment of coloring foods.
The buyout comes as food producers try to meet changing consumer tastes, which trend toward healthier offerings
November 25, 2015
Pinnacle Foods is buying Boulder Brands for about $710 million in a move that adds a line of health and wellness food brands to Pinnacle's offerings that include Birds Eye frozen foods, Duncan Hines frosting and cake mixes.
Mr. Gress will continue to serve as Chairman during a transition period, expected to last approximately three months. After the transition period, the Company said Mr. Gress will step down as Chairman and director, and it expects Dr. Mink will be appointed to the Board of Directors.
Blaine McPeak will be promoted chief operating officer and will assume responsibility for all global operations
November 19, 2015
To further strengthen WhiteWave's management structure, Kevin Yost, President of Americas Fresh Foods, will be promoted to U.S. Group President of Americas Foods & Beverages, overseeing WhiteWave's U.S. businesses including Silk, So Delicious, Horizon, Wallaby Organic, Earthbound Farm and International Delight.
Conagra Brands to be a diverse portfolio of brands; Lamb Weston to be a foodservice supplier of frozen potatoes
November 18, 2015
Immediately following the transaction, which is expected to be completed in the fall of 2016, ConAgra Foods shareholders will own shares of both independent companies. The transaction is expected to be structured as a spin-off of the Lamb Weston business, tax-free to the Company and its shareholders.
World-class bulk storage and transfer facility improves service, reliability
November 16, 2015
Built and financed by American Crystal Sugar Company, the $40 million facility will be operated by USC, who will manage the sales and distribution to customers in the area.
Kroger plans to finance the transaction with debt and refinance Roundy's existing debt of $646 million based on market conditions
November 16, 2015
The Kroger Co., Cincinnati, and Roundy’s Inc., Milwaukee, announced a definitive merger agreement on Nov. 11 under which Kroger will purchase all outstanding shares of Roundy’s for $3.60 per share in cash. The terms of the agreement were unanimously approved by the boards of directors of both companies.