Food Business News - Jan 24, 2006 - 1

FoodBusinessNews
foodbusinessnews.net

January 24, 2006

NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY

Nestle takes control of Dreyer's,
becomes global ice cream leader
Tyson builds bacon business

13
Cargill's
earnings
climb under
Staley's watch

16

Emulsifiers
enhance product
attributes

30

VEVEY, SWITZERLAND - Nestle S.A. achieved full ownership of Dreyer's Grand Ice
Cream Holdings, Oakland, Calif., last week, making it the leader in the global ice cream
market. The transaction follows the 2003 merger of Nestle's U.S. ice cream business with
Dreyer's that resulted in Nestle owning 67% of the combined company.
"Wednesday's events in the U.S. are the culmination of a long-standing strategy to
achieve leadership in the world's largest ice cream market," said Peter Brabeck-Letmathe,
chairman and chief executive officer
of Nestle. "I am gratified the Dreyer's
business has consistently translated
technical innovations into tangible
market share gains in the U.S."
Dreyer's portfolio of brands in the
U.S. includes Dreyer's, Edy's, HaagenDazs, Starbucks (ice cream) and Skinny
Cow. Taking into account the proposed
acquisition of Delta Ice Cream in Greece,
which Nestle announced last month, the
company now has an estimated 17.5% of
the world ice cream market.
"I am also very pleased with market
share performance in other markets
which, coupled with Dreyer's success has
brought Nestle to the global leadership position for the firs time," said Mr. BrabeckLetmathe. "As we continue to introduce
Continued on Page 10

MARKET WATCH

Mixed signals
Assessing what baby boomers want

Dec. 1, 2005, soybean stocks
were record high.

What will baby boomers want? Marketers of consumer goods consider the answer to be worth millions or, perhaps,
billions of dollars. With a population of
approximately 78 million, baby boomers,
those consumers aged 41 to 60, represent
nearly one out of every three adults in the
U.S. Over the next few years, as 17 mil-

lion boomers turn 50, they are expected
to spend nearly $2 trillion on consumer
goods and services, according to The
Boomer Project, 2005.
As the boomer generation continues
to get older, the conventional wisdom is
they will demand more health and wellness products to slow the onset of aging, improve their quality of life and extend their lives. But data from a variety
of sources shows the leading edge of the
boomer generation, those between 55 and
60, are not changing their dietary habits.
"The biggest misconception about
baby boomers is they think they are
Continued on Page 20


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Food Business News - Jan 24, 2006

Table of Contents for the Digital Edition of Food Business News - Jan 24, 2006

Contents
Food Business News - Jan 24, 2006 - 1
Food Business News - Jan 24, 2006 - 2
Food Business News - Jan 24, 2006 - 3
Food Business News - Jan 24, 2006 - Contents
Food Business News - Jan 24, 2006 - 5
Food Business News - Jan 24, 2006 - 6
Food Business News - Jan 24, 2006 - 7
Food Business News - Jan 24, 2006 - 8
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Food Business News - Jan 24, 2006 - 11
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Food Business News - Jan 24, 2006 - 14
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Food Business News - Jan 24, 2006 - 16
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Food Business News - Jan 24, 2006 - 18
Food Business News - Jan 24, 2006 - 19
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Food Business News - Jan 24, 2006 - 53
Food Business News - Jan 24, 2006 - 54
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