Food Business News - Feb 02, 2010 - (Page 1)

February 2, 2010 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Exports, obesity prevention high on president's agenda WASHINGTON - In his Jan. 27 State of the Union address before a joint session of Congress, President Barack Obama made exports a key component of his proposed jobs recovery programs. Mr. Obama set a goal to double U.S. exports over the next five years, an increase that he said will support two million jobs in America. "To help meet this goal, we're launching a National Export Initiative that will help farmers and small businesses increase their exports, and reform export controls consistent with national security," he said. "We have to seek new markets aggressively, just as our competitors are. If America sits on the sidelines Continued on Page 10 Dean Foods Co. subject of D.O.J. antitrust lawsuit WASHINGTON - The U.S. Department of Justice has filed a civil antitrust lawsuit against Dean Foods Co. challenging the company's April 2009 acquisition of Foremost Farms USA's Consumer Products Division. The D.O.J.'s Antitrust Division, in conjunction with state attorneys general from Illinois, Michigan and Wisconsin, filed a lawsuit Jan. 22 in U.S. District Court in Milwaukee, seeking to require Dean Foods to sell the dairy processing plants it acquired from Foremost Farms, and it requires Dean Foods to notify the D.O.J. at least 30 days prior to any future acquisition involving a milk processing operation. Dean Foods said it "is disappointed Continued on Page 11 Story on Page 26 Cadbury extends Kraft's reach With tender offer moving forward, Kraft c.e.o. eyes range of benefits NORTHFIELD, ILL. - The power of Kraft Foods Inc. in traditional retail channels such as supermarkets will marry well with the strength of Cadbury P.L.C. in "instant consumption channels" such as convenience stores, said Irene Rosenfeld, chairman and chief executive officer of Kraft. Distribution was but one of a wide range of ways the pending acquisition of Cadbury by Kraft will be a success, Ms. Rosenfeld said. She spoke Jan. 19 in an investor conference call hours after the board of London-based Cadbury P.L.C. accepted and recommended to shareholders a revised takeover offer valued at approximately $18.9 billion. Kraft said the board unanimously endorsed the offer, worth about 840p per share. "Kraft Foods is strong in modern retail channels, that is traditional grocery stores; indeed our scale is unmatched in North America where we have unique capabilities to drive performance," Ms. Rosenfeld said. "This is most evident with our winning Wall-to-Wall sales initiative. And as large retail formats grow globally we're in a strong position to capitalize on that. "At the same time Cadbury is very strong Continued on Page 18

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Food Business News - Feb 02, 2010