Food Business News - June 7, 2011 - (Page 36)

Wheat Ideal products from the ideal ingredient... Defatted Nestle Health Science to acquire pharmaceutical maker Acquisition is Nestle’s second in the pharmaceutical category this year Germ Defatted Wheat Germ manufactured by VIOBIN USA is the ideal low fat ingredient that provides dietary fiber and protein to grain based foods. It is non-GMO , shelf stable and is manufactured in a controlled environment. The toasting and milling of the germ is carefully monitored and controlled to assure particle size and color meet specifications. Contact us for custom formulations to meet your exact product specifications. For more information, visit our website at or call toll free 888-473-9645. FS 22000 certified USA A Division of McShares, Inc. 226 West Livingston Street, Monticello, IL 61856 PHONE (217) 762-2561 FAX (217) 762-2489 FAX 800-383-1489 EMAIL 36 ® LUTRY, SWITZERLAND — Nestle Health Science S.A. has agreed to acquire Prometheus Laboratories, Inc. Prometheus is based in San Diego and specializes in diagnostics and specialty pharmaceuticals in gastroenterology and oncology with expected 2012 sales to be around $250 million. “This acquisition is a strategic move into gastrointestinal diagnostics,” said Luis Cantarell, president and chief executive officer of Nestle Health Science. “Prometheus’ leading edge diagnostics and highly experienced medical sales representatives together constitute a robust platform for Nestle Health Science to accelerate its current and future health care business. It will enable new personalized health care solutions based on diagnostics, pharma and nutrition.” The goal of the acquisition is to boost the research program being established at the newly created Nestle Institute of Health Sciences and for developing personalized nutrition strategies. “We are delighted to join Nestle Health Science and share their commitment to personalized health care,” said Joseph Limber, president and chief executive officer of Prometheus Laboratories. “Together we will accelerate the development of our innovative diagnostic platforms for gastroenterology and oncology. We intend to leverage Nestle Health Science’s products and geographic presence to add the nutritional dimension to our successful business model.” In September 2010, Nestle announced it was creating Nestle Health Science and the Nestle Institute of Health Sciences. Nestle Health Science incorporated the global Nestle HealthCare Nutrition business, and the Institute of Health Sciences became a part of Nestle’s global R.&D. network to conduct research in relevant areas of biomedical science to translate that knowledge into nutritional strategies to improve health and longevity. In February, the Health Science division acquired CM&D Pharma Ltd., London, a company that focuses on the development of food products for special medical purposes. The company’s primary product is Fostrap, a chewing gum for kidney patients who have elevated levels of phosphate in their blood. FBN 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