Food Business News - September 8, 2015 - (Page 1)

FOODBUSINESS NEWS September 8, 2015 NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY B&G Foods bags Green Giant brand PARSIPPANY, N.J. - B&G Foods, Inc. has agreed to acquire the Green Giant and Le Sueur brands of frozen and canned vegetables from General Mills, Inc. for approximately $765 million in cash, subject to an inventory adjustment at closing. B&G Foods expects the acquisition to close by the end of the year. "We are thrilled to welcome Green Giant and Le Sueur to the B&G Foods family of brands," said Robert C. Cantwell, president and chief executive officer of B&G Foods. "For over 100 years, Green Giant and Le Sueur have been providing consumers with great Continued on Page 10 Way Better Snacks sprouting into success Formulating dairy with dairy trawberry milk colored with strawberry juice concentrate, rather than beet juice - even though both are considered colors from natural sources - seems simpler, more natural. Similarly, dairy foods emulsified, flavored, fortified and stabilized with dairy-derived ingredients make sense, especially in a marketplace where many consumers appear to have an affinity for products with a clean label. In short, formulating dairy with dairy increasingly is becoming more common. In today's protein-centric marketplace, whey is likely the first dairy-derived ingredient that comes to mind. It is considered a superior-quality, high-performing Continued on Page 49 S Story on Page 12 Price swings create challenging markets hile prices for several raw commodities and other ingredients are down sharply from last year with some at multi-year lows, corn W sweeteners, cocoa powder and egg prices are up sharply over this same period, and all for different reasons. As August came to an end, December futures were down about 25% for Kansas City wheat, down 20% for Minneapolis wheat and down 10% for Chicago wheat, and cash durum prices were down 20% from a year ago. Corresponding flour prices were down about 25% for bakers' standard patent (K.C. hard red winter wheat) and down 30% for spring standard patent (Minneapolis hard red spring wheat) but up slightly for cracker flour (Chicago soft red winter wheat). Widespread occurrence of vomitoxin has limited the supply of milling Continued on Page 39 ®

Table of Contents for the Digital Edition of Food Business News - September 8, 2015

Food Business News - September 8, 2015
B&G Foods bags Green Giant brand
Price swings create challenging markets
Dairy Business News - Formulating dairy with dairy
Table of Contents
Web Contents
Editorial - Achieving success in emerging markets
Heartland Food Products to acquire Splenda brand
All-day breakfast coming to McDonald’s
Simply Sprouted Way Better Snacks sprouting into success
Campbell Soup ‘cautious but optimistic’ about 2016
For the Hispanic market, the future is now
Amplify Snack Brands seen as attractive acquisition candidate
Lawsuit challenges Chipotle’s G.M.O. claims
Just Mayo isn’t
Saffron Road parent acquires snack maker
Nestle shifting KitKat brand to sustainably sourced cocoa
WhiteWave strategically expanding in key categories
Dole Foods executives ordered to pay former shareholders $148 million
Hain Celestial not sweating slowdown in natural
Coca-Cola invests in cold-pressed juice maker
User fees remain a point of contention
F.D.A. issues two F.S.M.A. final rules
Ingredient Innovations - Sizing up starch selections
Health and Wellness - Dairy products identified as key delivery vehicle for probiotics
Alpha-lactalbumin for infants and beyond
New Food Products
Ingredient Market Trends - Fiscal 2016 ag balance of trade surplus forecast to be the smallest since 2007
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - September 8, 2015