Food Business News - March 29, 2011 - (Page 1) March 29, 2011 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY www.foodbusinessnews.net General Mills negotiating to buy Yoplait stake MINNEAPOLIS — General Mills, Inc. has entered into negotiations with PAI Partners and Sodiaal, the owners of Yoplait SAS, to acquire a controlling role in the operating company and a 50% interest in Yoplait SAS. Yoplait SAS is 50% held by the private equity firm PAI Partners and the French dairy cooperative Sodiaal. PAI Partners has expressed interest in selling its stake in the yogurt manufacturer. “Last week, we announced that we have entered into exclusive negotiations to purchase a 51% controlling interest in the Yoplait operating company headquartered in France, along with a 50% interest in an affiliated entity that holds Continued on Page 11 Story on Page 22 Nestle: 2010 set foundation for future growth VEVEY, SWITZERLAND — Saying its 2010 results “were not the reflection of a single-minded focus on achieving short-term performance, but were achieved whilst investing for the future and laying foundations to shape the future direction of the company,” Nestle S.A. in its 2010 annual report spoke optimistically about continuing on its path to be a leader in nutrition, health and wellness in 2011. In shaping the future, Nestle in 2010 acquired the frozen pizza business of Kraft Foods Inc., closed the sale of Alcon and created both Nestle Health Science Continued on Page 17 AP PHOTO Congress urged to hold line on food safety user fees WASHINGTON — Seventeen food and feed industry associations in a March 11 letter to congressional leaders voiced concern that future funding to fully implement the F.D.A. Food Safety Modernization Act (F.F.S.M.A.), which was passed by Congress and signed into law by President Food industry groups concerned F.D.A. may impose charges in addition to those authorized in food safety reform Barack Obama in December 2010, may entail efforts to exact as yet unspecified user fees from food manufacturers. The associations’ letter was addressed to Representative Jack Kingston of Georgia, chairman of the House Committee on Appropriations’ Subcommittee on Agriculture, Rural Development, the Food and Drug Administration and Related Agencies, and Representative Sam Farr of California, the subcommittee’s ranking minority member. The concern raised in the letter was that in its fiscal year 2012 budget request, the F.D.A. stated while its proposed budget does not include any legislative proposals for new food safety user fees in fiscal 2012, “F.D.A. plans to work with Congress during fiscal year 2013 to enact additional food Continued on Page 20 http://www.foodbusinessnews.net Table of Contents for the Digital Edition of Food Business News - March 29, 2011 Food Business News - March 29, 2011 General Mills negotiating to buy Yoplait stake Nestle: 2010 set foundation for future growth Congress urged to hold line on food safety user fees Editorial - Crop price moves subject to new range of infl uences Higher input costs drag ConAgra income down PepsiCo, Strauss to market dips and spreads General Mills income rises 18% in quarter NPD study shows menu calorie info has marginal impact Alliance formed to communicate how food is produced Consumer Price Index rises 0.5% in February Study: Association between omega-3s, eyesight Disney to extend branded fruit and vegetable line Report estimates 27% increase for stevia market Nestle executives see positives in resilience of emerging economies Environmental efforts address reduction and renewable resources E.F.S.A. sets intake levels for caramel colors E.F.S.A. sets intake levels for caramel colors Market Insight - Assessing the impact of Japanese disaster on agriculture Market Insight - Assessing the impact of Japanese disaster on agriculture Ingredient Innovations - My big, thick Greek yogurt Ingredient Innovations - My big, thick Greek yogurt New Product Trends - Savory reduction New Product Trends - Savory reduction New Food Products - Arby’s offers side salad as substitute for fries New Food Products - Arby’s offers side salad as substitute for fries New Food Products - Heinz adds items to Smart Ones line New Food Products - Heinz adds items to Smart Ones line New Food Products - Horizon Organic launches fat-free milk with omega-3 New Food Products - Horizon Organic launches fat-free milk with omega-3 New Food Products - Kashi adds new cereal, cereal bar New Food Products - Kashi adds new cereal, cereal bar New Food Products - Kellogg expands Special K cereal bar line New Food Products - Kellogg expands Special K cereal bar line New Food Products - BRU Co. introduces beer-inspired energy bar New Food Products - BRU Co. introduces beer-inspired energy bar INGREDIENT MARKET TRENDS - Food assistance rushed to people fleeing confl ict in Libya INGREDIENT MARKET TRENDS - Food assistance rushed to people fleeing confl ict in Libya Ingredient Markets Ingredient Markets Supplier Innovations and News - Process assists in developing reduced-calorie beverages Supplier Innovations and News - Process assists in developing reduced-calorie beverages Supplier Innovations and News - Barry Callebaut launches dairy-free chocolate and stevia ingredient Supplier Innovations and News - Barry Callebaut launches dairy-free chocolate and stevia ingredient Supplier Innovations and News - Sethness Greenleaf appoints broker Supplier Innovations and News - Sethness Greenleaf appoints broker Supplier Innovations and News - Pouch allows for resealing of snacks Supplier Innovations and News - Pouch allows for resealing of snacks Supplier Innovations and News - PureCircle mark to appear on sweetener products Supplier Innovations and News - PureCircle mark to appear on sweetener products Supplier Innovations and News - GLG Life Tech, IFF collaborate on stevia extract Supplier Innovations and News - GLG Life Tech, IFF collaborate on stevia extract Supplier Innovations and News - ADM to market Clarisoy protein Supplier Innovations and News - ADM to market Clarisoy protein Supplier Innovations and News - Comax adds to sales staff Supplier Innovations and News - Comax adds to sales staff Classifieds Classifieds Marketplace Marketplace Ad index Ad index Food Business in the News Food Business in the News Food Business News - March 29, 2011 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