Food Business News - June 7, 2011 - (Page 21)

McCormick to enter joint venture in India builds on its investments in India and its strategy to expand sales in emerging markets. “We are excited about this new joint venture,” said Satnam Arora, joint managing director of Kohinoor Foods. “We are confident it will be a win-win situation for all stakeholders and add immense value to both consumers and the packaged food industry in India. We look forward to the success of this joint venture.” FBN Visit us at IFT11 booth #6229 SPARKS MD. SPARKS, MD — McCormick & C M C i k Co. has agreed to form a joint venture with Kohinoor Foods Ltd. to market and sell basmati rice and food products in India. The joint venture will be called Kohinoor Specialty Foods India, and it will sell and market the Kohinoor brand of food products in India. McCormick will invest $115 million for the transaction, and the company will have an 85% interest in the new joint venture. The agreement is expected to be completed later in 2011 and includes a modern facility for packaged food products. “This joint venture is an important step in our strategy to accelerate growth in the Asia/Pacific region,” said Alan Wilson, chairman, president and chief executive officer of McCormick. “Kohinoor Specialty Foods India will take McCormick’s investments in India to more than $150 million, and we have plans to continue investing in this rapidly growing market.” Overall, McCormick said the venture Good for natural label product taste ease of formulation healthy solutions future development bottom line Your Cal Pacific acquires SunOpta frozen fruit assets TORONTO — Cal Pacific Specialty Foods, L.L.C. has acquired SunOpta Inc.’s frozen fruit processing equipment in Salinas, Calif., for approximately $1.8 million. The assets previously were leased to Cal Pacific. Cal Pacific will continue to supply individually quick frozen strawberries and other products to SunOpta under an existing long-term supply agreement. “This divestiture is another step in simplifying our frozen fruit business model to focus on value-added private label frozen fruit products for the retail and food service channels and improve long-term profitability,” said Steve Bromley, president and chief executive officer of SunOpta. FBN Fiber is increasingly becoming the ingredient consumers are demanding. How do you give consumers the health benefits of fiber without compromising taste and texture? With PROMITOR™ Dietary Fiber! From cereal bars and ice cream, to soups and salad dressings and even flavored water, PROMITOR™ Dietary Fiber is well tolerated and formulates easily, resulting in healthier foods that taste delicious. Choose PROMITOR™ Dietary Fiber and give consumers the nutrition they need while they enjoy the foods they love! our ingredients – your success ©2011 Tate & Lyle • June 7, 2011 FOODBUSINESS NEWS ® 21

Table of Contents for the Digital Edition of Food Business News - June 7, 2011

Food Business News - June 7, 2011
House bill cuts food safety funding
Enhancing water’s value
Wet weather muddies corn outlook
Web Contents
Editorial - Quest for ‘whole truth’ on food prices in France
MyPlate steps up in simple fashion
Breaking down MyPlate by food groups
Lawmakers look to halt sale of Lazy Cakes
McCormick to enter joint venture in India
Cal Pacifi c acquires SunOpta frozen fruit assets
Cargill Kitchen Solutions expanding in Iowa
F.M.I. hires new v.p. of food safety programs
Sealed Air to acquire Diversey for $4.3 billion
AdvancePierre Foods buys Barber Foods
Cargill acquires German chocolate business
Calavo to buy Renaissance Food Group
U.S. Foodservice acquires Great Western Meats
Clear sailing for Hain
Seneca Foods earnings down sharply in 2011
April red meat production down 4% from year ago
Sbarro now exploring alternatives to bankruptcy plan
Sherman Miller promoted to c.o.o. at Cal-Maine Foods
Nestle Health Science to acquire pharmaceutical maker
Emerging markets propel Heinz’s fi scal 2011 earnings
U.S.D.A. lowers cooking temp for some meat cuts
Campbell Soup focusing on volume sales, brand building
Buyout fi rm to acquire California Pizza Kitchen
Sanderson Farms suffers second-quarter loss
Wet weather muddies corn outlook
House bill cuts food safety funding
House panel seeks reduction in W.I.C. funding in fiscal 2012
Seeking middle market opportunities
Clear and concise
Ingredient solutions help keep it simple
Identifying natural partners for stevia
$tevia $upplier$ $eek profi t$ through international growth
Brain health for baby boomers
Bottled water volume, market share grew in 2010
Study recommends children should avoid energy, sports drinks
V8 introduces energy beverages
Smucker, Starbucks raising coffee prices
Nestle launches Aguas Frescas bottled beverage
Jamba introduces coconut water-based beverages
Enhancing water’s value
Gluten-free grains momentum
Balance Bar adds Café line
Pasta Prima launches two ravioli lines
Land O’Frost debuts Wrap Kit
Franz introduces artisan bread
Kraft launches Newtons Fruit Thins
Farley’s & Sathers adds ‘Splashers’
Häagen-Dazs introduces 2011 flavors
Mars updates Kudos granola bar line
Lifting of Russian export ban pressures world wheat market
Ingredient Markets
Packaging formats focus on convenience
Technology enables ultrasonic sealing
Ingredient’s small size aids in salt reduction
AKFP now offers arrowroot starch, pea starch
Tate & Lyle to resume U.S. sucralose production
Non-dairy ingredients achieve pareve certifi cation
Ad Index
Food Business in the News

Food Business News - June 7, 2011