Brynwood Partners to divest DeMet’s Candy
Brynwood Partners V L.P. has signed an agreement to sell its investment in DeMet’s Candy Co. for $ 221 million to Yildiz Holdings A.S., owner of the Godiva chocolate brand. … Continue Reading →
Category: IFT
Shuanghui joins Sigma Alimentos in offer for Spain’s Campofrio
According to Bloomberg, Shuanghui International Holdings Ltd., the Chinese company that bought the world’s biggest pork supplier this year, will join Alfa SAB (ALFAA)’s Sigma Alimentos food unit in a … Continue Reading →
CDC: Most Americans exceed recommended salt intake
A Centers for Disease Control & Prevention (CDC) report published in Morbidity and Mortality Weekly Report shows that sodium intake declined slightly during 2003–2010 in children ages 1–13 years, but … Continue Reading →
ADM to establish global headquarters in Chicago
Archer Daniels Midland Co. has selected Chicago, Ill., as the location for its global headquarters and customer center. IFT Daily News
Mintel announces five U.S. foodservice trends for 2014
The U.S. restaurant industry has enjoyed modest growth in the past few years, and Mintel estimates sales of $ 438 billion in 2013, as well as a 5.9% increase in … Continue Reading →
FDA proposes new rule to protect against food adulteration
As required by the bipartisan FDA Food Safety Modernization Act (FSMA), the U.S. Food and Drug Administration (FDA) has proposed a rule that would require the largest food businesses in … Continue Reading →
Hershey to acquire majority share of Shanghai Golden Monkey Food
The Hershey Co. has announced that its wholly-owned subsidiary, Hershey Netherlands B.V., has signed an agreement to acquire 80% of the iconic Shanghai Golden Monkey Food Joint Stock Co. Ltd. … Continue Reading →
Iberia Foods acquires Marcas Food Distributors
Iberia Foods Corp., manufacturer, importer, and distributor of Hispanic, Caribbean, and other specialty foods and beverages, has acquired the assets of Marcas Food Distributors, an independent distributer of Hispanic and … Continue Reading →
Seneca Foods to purchase bankrupt Allens
Seneca Foods Corp. has entered into a purchase agreement to acquire substantially all the operating assets of Allens Inc. for a purchase price of approximately $ 148.0 million. IFT Daily … Continue Reading →
Oregano oil may help preserve quality of sunflower seeds
A study published in the Journal of Food Science shows that the addition of oregano essential oils to sunflower seeds may help preserve their positive sensory attributes and freshness quality. … Continue Reading →