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The Impact of Product Innovation Focus

Accenture has quantified the economic and financial impact of leading innovation and product development practices for the eight industries
November 29, 2016
A focus on distinct innovation and product development capabilities is paying off for some companies as they deliver between 3-7% higher annualized revenue than their peers, Accenture research shows.
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Organic Food Market to Grow at CAGR 14% Until 2021

Growing awareness among consumers about health benefits of consuming organically produced food drives upward trajectory
November 28, 2016
In 2016, about 43.7 million hectares of agricultural land was under organic cultivation, which was managed by over 2.3 million producers across the globe.
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DPS to Acquire Bai Brands LLC for $1.7 billion

Founder Ben Weiss will continue to lead brand
November 22, 2016
Dr Pepper Snapple Group Inc. (DPS), Plano, Texas, has reached an agreement to acquire Bai Brands LLC, Princeton, N.J., and its complete portfolio of high-growth premium antioxidant-infused beverages. The cash purchase price of $1.7 billion includes a tax benefit of approximately $400 million on a net present-value basis and will be financed through new unsecured notes and short-term commercial paper, the company says.
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PepsiCo announces definitive agreement to acquire KeVita

Acquisition expands PepsiCo’s health-and-wellness offerings
November 22, 2016

Purchase, N.Y.-based PepsiCo Inc. announced that it has entered into a definitive agreement to acquire Oxnard, Calif.-based KeVita, a producer of fermented probiotic and kombucha beverages.


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2017 FABI Awards Now Open

National Restaurant Association is now accepting submissions for 2017 Food and Beverage Industry (FABI) Awards
November 21, 2016
The National Restaurant Association® (NRA) is accepting applications for the 2017 FABI Awards, its annual celebration of the year's most impactful food and beverage products. Award recipients will be recognized at NRA Show®, which runs May 20-23, 2017, at McCormick Place in Chicago.
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Dietary Guidelines, Label Highlight Added Sugars

Beverage companies using natural sweeteners prior to regulations
November 18, 2016

With the release of the 2015-2020 Dietary Guidelines for Americans earlier this year followed by the US Food and Drug Administration’s new Nutrition Facts label, many changes are in store for consumer packaged goods (CPG) manufacturers. Among those changes, mainstream media has given its share of attention to one ingredient category: sugar.


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Steaz Executive Team Evolves

Organic beverage company bids farewell to its co-founder, hires key team member
November 16, 2016
Steaz is experiencing changes in its top ranks. As the company marks the departure of co-founder Steven Kessler, it welcomes the addition of Jody Cook, who assumes the new role of vice president of sales.
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Food Industry News

Mount Franklin Foods Acquires Candy Plant

Company adds fifth manufacturing plant to operation
November 15, 2016
Through an investment expected to total $10 million, the plant will be updated with state-of-the-art equipment, allowing the company to add vitamin gummies and other fortified products as well as organic and natural fruit snack items to its product portfolio.
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Palsgaard Names New Personnel

Jerome J. Chasko joins Palsgaard team
November 15, 2016
Jerome J. Chasko has joined Palsgaard as Technical Sales & Business Development Manager. Based in Palsgaard’s US headquarters located in Morris Plains, N.J., Mr. Chasko leads business development, sales and technical service efforts in the Midwest and Canada.
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