Food Business News - July 20, 2021 - 12

in organic net sales; adjusted operating
profit of nearly $2 billion, up 7.4% versus
fiscal '20; and operating margin of 17.5%
for the year, an increase of more than 100
basis points versus fiscal '20; an adjusted
EBITDA increase of 6.5%; and adjusted
EPS growth of 15.8% for the year, " Mr.
Marberger said.
Despite the inflationary pressures,
Mr. Connolly said Conagra Brands sees
opportunity ahead in fiscal 2022.
" We have a unique opportunity in
fiscal '22 to leverage our current momentum
and maximize long-term value-creation
potential, " he said. " New behaviors
and habits created during the pandemic
resulted in an elevated and sustained
level of at-home eating. Shoppers are engaging
or reengaging with our products
now more than ever, creating a larger,
high-quality consumer base.
" To sustain this engagement, we plan
to continue making investments in the
physical and mental availability for our
products. This includes building additional
capacity to fulfill consumer demand
making further strategic e-commerce investments,
pursuing efficient and thoughtful
marketing campaigns and introducing
a robust fiscal '22 innovation slate. "
Nestle to expand South
Carolina frozen food facility
New products on tap during the
coming year include Hungry Man Double
Chicken Bowls, Birds Eye Sheet Pan Meals,
Marie Callender's chicken pot pies with
a cauliflower crust, Gardein plant-based
chili and P.F. Chang's salad dressings and
cooking sauces.
" We're confident that the investments
we're making in product
innovations across our portfolio will
produce strong ROIs, " Mr. Connolly said.
" Ultimately, long-term brand health is
dependent on the type of perpetual modernization
that we're committed to here
at Conagra. " FBN
White Castle breaks ground
on retail food plant
COLUMBIA, SC. - Nestle USA plans to invest $100 million to expand
its 40-year-old frozen food facility in Gaffney, SC. The expansion
will create approximately 160 new jobs, Nestle said.
Opened in 1980, the Nestle USA plant produces frozen food
entrees for Stouffer's and Lean Cuisine. As part of the expansion,
Nestle said it will add a new production line and expand an existing
production line.
" The frozen food category has been growing for the last
few years, and the pandemic has only increased that trend, " said
Nicole Caldwell, factory manager at Nestle's Gaffney plant. " As
people spent more time at home, they rediscovered the convenience,
value and great taste of frozen foods. Our investment
in the Gaffney factory will ensure that we can continue to meet
consumer demand for two of our most popular and well-known
brands: Stouffer's and Lean Cuisine. "
South Carolina's Secretary of Commerce Harry M. Lightsey
III added, " Taking care of existing industry is a critical part of
South Carolina's economic development mission. When companies
like Nestle USA decide to expand, investing $100 million, it
shows we are doing a lot of things right.
" We congratulate Nestle USA on this investment and 160
new jobs and look forward to watching the company grow for
years to come. " FBN
12
Food Business News
COLUMBUS, OHIO - Fast-food hamburger chain White Castle on July
13 broke ground on the expansion of a retail food manufacturing
plant in Vandalia, Ohio. The facility, which has been named " The
House That Bill Built " in honor of former president and chief
executive officer Bill Ingram, will supply packaged Sliders to
retailers across the United States.
White Castle said it plans to invest $27 million in the
expansion project, which should be complete by June 2022. The
expansion will double the size of the plant, from approximately
75,000 square feet to 150,000 square feet. The expansion also
will create 75 jobs, bringing total employment at the plant to 235
once the new production lines are fully operational.
" Our retail division has been growing steadily over the past 10
years, and we saw huge growth last year as people cooked and ate at
home more during the pandemic, " said Lisa Ingram, president and
CEO of White Castle and daughter of Bill Ingram. " Having more
dedicated space to make more sandwiches will enable us to keep up
with the increasing demand for our frozen Sliders. "
White Castle introduced its retail division in 1987, becoming
the first fast-food restaurant to offer its menu items for purchase
at grocery stores for preparation at home. Over the years, the
company has invested in the supply chain that feeds both its
restaurant and retail divisions. It owns and operates its own
bakeries, meat processing plants and frozen food manufacturing
plants. White Castle's retail product lineup includes the Original
Slider, Cheese Sliders, JalapeƱo Cheese Sliders and Chicken
Breast Sliders. FBN
July 20, 2021
NESTLE USA
WHITE CASTLE

Food Business News - July 20, 2021

Table of Contents for the Digital Edition of Food Business News - July 20, 2021

Food Business News - July 20, 2021 - Intro
Food Business News - July 20, 2021 - 1
Food Business News - July 20, 2021 - 2
Food Business News - July 20, 2021 - 3
Food Business News - July 20, 2021 - 4
Food Business News - July 20, 2021 - 5
Food Business News - July 20, 2021 - 6
Food Business News - July 20, 2021 - 7
Food Business News - July 20, 2021 - 8
Food Business News - July 20, 2021 - 9
Food Business News - July 20, 2021 - 10
Food Business News - July 20, 2021 - 11
Food Business News - July 20, 2021 - 12
Food Business News - July 20, 2021 - 13
Food Business News - July 20, 2021 - 14
Food Business News - July 20, 2021 - 15
Food Business News - July 20, 2021 - 16
Food Business News - July 20, 2021 - 17
Food Business News - July 20, 2021 - 18
Food Business News - July 20, 2021 - 19
Food Business News - July 20, 2021 - 20
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Food Business News - July 20, 2021 - 25
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Food Business News - July 20, 2021 - 33
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Food Business News - July 20, 2021 - 80
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