Food Business News - June 7, 2011 - (Page 34)

Sbarro now exploring alternatives to bankruptcy plan MELVILLE, N.Y. — Sbarro, Inc., the quick-service restaurant concept that filed for Chapter 11 bankruptcy protection on April 4 as it worked to restructure, has terminated its prepetition plan support agreement and equity commitment agreement with Ares Corporate Opportunities Fund II, the majority holder of Sbarro’s unsecured notes, and MidOcean Partners, a private equity firm that aquired the company in 2007. Instead Sbarro is exploring other strategic alternatives, including discussions with a qualified bidder who has expressed interest in buying the company. “We believe it is in the best interest of all stakeholders for the company to dedicate its resources to exploring all available value maximizing alternatives,” said Nicholas McGrane, interim president and chief executive officer. “We greatly appreciate the initial and continued interest of Ares and MidOcean in the company, as well as the continued participation of the first ALL-NATURAL SOLUBLE FIBER FOR HEALTHY APPLICATIONS ACACIA GUM lien lenders and the new interest from a sophisticated bidder.” Founded in 1956 as an Italian grocery store in Brooklyn, N.Y., Sbarro became a neighborhood favorite for its fresh food and authentic Italian fare, including homemade mozzarella, imported cheese, and sausage and salami. In 1967, Sbarro opened its first mall-based restaurant in Brooklyn’s Kings Plaza Shopping Center, and since 1967, the King’s Plaza business model has been replicated more than 1,000 times. FBN FIBERS Sherman Miller promoted to c.o.o. at Cal-Maine Foods • Natural dietary fiber with documented health benefits • Proven and recognized prebiotic effect • High digestive tolerance • Easy to use in any application • Low caloric value, safe for teeth JACKSON, MISS. — Sherman Miller has been named chief operating officer at CalMaine Foods, Inc. Mr. Miller, currently vice-president of operations, will have responsibility for all of Cal-Maine Foods’ production and processing facilities. He will report directly to Dolph Baker, president and chief executive officer. Mr. Miller has been with Cal-Maine Foods for more than 14 years, and prior to being vice-president of operations he was general manager of the company’s Chase, Kas., office. He earlier held management positions at the company’s processing plant locations in Delta, Utah, and Edwards, Miss. He received a bachelor’s degree in poultry science from Mississippi State University in 1997, and is a member of the board of the U.S. Poultry and Egg Association. FBN US Office : Colloïdes Naturels, Inc 15 Somerset Street – SOMERVILLE, NJ 08876 - USA Tel : +1 908.707.9400 We add nothing to nature but innovation™ 34 FOODBUSINESS NEWS ® June 7, 2011

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