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19 November month year 2007
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the new crop of business cards yielded by another trade show season have been duly filed away. but the big question remains. were the three days at fie followed, for many, by another three at supplyside west, really worth the blisters, the jet lag, and the not inconsiderable expense? nowadays a face-to-face meeting with an associate overseas does not necessarily mean hopping on a plane.
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the rise in health and wellness, a 'sea of change' in the food industry, is creating challenges for formulators, but hydrocolloid companies can offer solutions, says cp kelco. "we see health and wellness creeping in to every aspect of the food industry," dr. steve bodicoat, marketing and innovations director for cp kelco, told foodnavigator.com at the recent fie in london.
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a new dairy culture can reduce the fermentation time needed for milk processing, while meeting demand for lower fat, clean label dairy products in emerging markets like eastern europe, its manufacturer claims. chr hansen says that the xpl-1 culture can enhance gel firmness by about 40 per cent, ensuring a creamier final product that is also low in fat. through this development, the company claims it can help manufacturers reduce reliance on costly dairy ingredients like milk powder, as demand continues to outgrow supply.
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frutarom has snapped up rad natural technologies in its seventh acquisition of the year - a move that adds to its growing weight in the taste and health arena. rad, an israeli company like its new owner, specialises in the research, development, production and sale of anti-oxidant plant extracts. the two companies have had a relationship since 2004, when they cut a deal that gave frutarom worldwide marketing rights to a range of rad's natural antioxidants.
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kerry group is in negotiations over the sale of its fruit ingredients division, with a possible bidder rumoured to be swedish private equity company industri kapital. news about the sale broke in the british press before kerry was ready to reveal any information on the matter. while not wanting to give a name of the bidder, director of corporate affairs frank hayes said: "we can confirm we had an approach regarding the sale of this business, that may or may not lead to a sale.
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for the three-month period, earnings per share from continuing operations were $.70, compared with $.66 in the year-ago period, an increase of 6%. gross margin decreased to 41.5% from 42.6% in the first quarter of the prior year. for the first quarter, sales for us soup, sauces and beverages were $1.097 billion, an increase of 4% compared to a year ago. operating earnings were $310 million compared with $322 million in the prior-year period.
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three of california pizza kitchen's (cpk's) premium pizzas, bbq chicken, cheese and pepperoni, will now be available at two of staples center's dedicated refreshment stands – aisle 13 of the main concourse and aisle 16 of the upper concourse. rick rosenfield and larry flax, co-founders and co-ceos of cpk, said: "the expansion of our sports marketing efforts into staples center now puts us in three of the major southern california stadiums, including dodgers and angels stadiums, and we couldn't be more thrilled.
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the jury awarded a total of $2.5 million in punitive damages against dole to five nicaraguan plaintiffs who claimed they were injured by dbcp on independent banana farms in nicaragua nearly 30 years ago. dole plans to appeal legal and constitutional issues pertaining to the tellez verdicts. michael carter, executive vice president, general counsel and corporate secretary of dole, said: "dole appreciates the dedication, commitment and professionalism of the jury and the court in what was a long and complex trial.
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the transaction, which includes the option to purchase an additional 24 acres, will be completed within the coming weeks, subject to flowers’ remaining due diligence on the project. terms of the agreement were not disclosed. the bakery will open with one production line in fall 2008 and initially will provide employment opportunity for approximately 100 people. a second production line will be added later.
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the aim of the cooperation is to develop innovative technology with which new ingredients can be produced and existing products improved. under the terms of the agreement, the relationship will be exclusive for new technologies to develop and produce ingredients which are considered as strategic for both companies. the partnership agreement will last for five years. roelof joosten, managing director of friesland foods domo, said: "by implementing advanced technology, we want to be able to respond more quickly to market demands and shorten our products’ time to market.
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Coca.Cola
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PEPSI
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Mcdonald
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Nestle
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Mars
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Baskin & Robins
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Nutrika
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Mumika
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Chika
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