Hershey’s Board of Directors unanimously rejected the indication of interest and determined that it provided no basis for further discussion
July 1, 2016
The Hershey Company confirmed that it had received a preliminary, non-binding indication of interest from Mondelēz International to acquire the company for a mix of cash and stock consideration, totaling $107 a share of Hershey common stock. The indication of interest also included other non-monetary considerations.
Teaching professionals realize there are different ways in which students learn. There also are different types of learning environments. And after one of the industry’s largest annual exhibitions, food and beverage formulators can find a more intimate, unique learning opportunity at Prepared Foods’ annual R&D Applications Seminar Chicago.
The restaurant organization will continue as FIC Restaurants, Inc., as it operates and franchises over 260 Friendly’s restaurants
June 30, 2016
Friendly’s Ice Cream, LLC announced that it has finalized the sale of its Retail Ice Cream and Manufacturing business from an affiliate of Friendly’s Ice Cream, LLC to Dallas, Texas-based Dean Foods Company, a leading food and beverage company and the largest processor and direct-to-store distributor of fresh fluid milk and other dairy and dairy case products in the United States, for the amount of $155 million in cash.
Coca-Cola to enhance distribution and availability of growing organic Aloe Gloe brand
June 29, 2016
L.A. Aloe LLC, makers of a fast-growing line of certified organic aloe water beverages called Aloe Gloe, announced an investment from the Venturing & Emerging Brands (VEB) unit of The Coca-Cola Company.
General Mills names company veteran Jeffrey L. Harmening to newly created president and chief operating officer position responsible for global operations
June 27, 2016
Harmening will be responsible for all company operations including U.S. Retail, International, Convenience Stores and Foodservice segments, Sales and Channel Development, as well as Global Supply Chain, and Innovation, Technology and Quality functions.
Product concepts to be presented to industry experts in Shark Tank-type presentation
June 24, 2016
Ganeden announced its first-ever Innovation Jumpstart program, which encouraged the development of new probiotic food and beverage ideas. Submissions flooded in during the three month entry time, and after extensive deliberation three finalists have been selected.
SmithBucklin will include a chief staff executive who will work alongside the RCA board of directors to establish strategic objectives
June 22, 2016
The Research Chefs Association has selected SmithBucklin, an association management and services company, to provide full-service association management. RCA’s headquarters will move to Chicago in mid-August.