Food Business News - July 19, 2011 - (Page 11)

Pfizer may sell Nutrition business NEW YORK — Pfizer Inc. is exploring its options for its Nutrition and Animal Health business units. Following a company-wide portfolio review, Pfizer said it is considering options that may include a full or partial separation of each of the businesses through a spinoff, sale or other transaction. “Both Animal Health and Nutrition are strong businesses with attractive customer bases and solid fundamentals, but distinct enough from our core businesses that their value may be best maximized outside the company,” said Ian Read, president and chief executive allocate our resources, investments and people to the areas that best serve our patients and customers, and generate the best value for our shareholders.” Pfizer has engaged Morgan Stanley and Centerview Partners’ advisory business to evaluate the strategic alternatives for its Nutrition business. J.P. Morgan has been selected to focus on the company’s Animal Health business. Although the timeline for each evaluation may differ, Pfizer said it expects to complete any transactions that may result from the evaluations in 12 to up to 24 months. FBN In 2010, Pfizer Nutrition Reduce SodiumKeep the Taste™ generated $1.9 billion in sales. officer. “In exploring these alternatives, we can determine what options will best drive their future growth opportunities and expansion, and enable shareholders to potentially realize higher value for these businesses.” Pfizer Nutrition is a manufacturer of formula (infant formula, follow-on formula and growing-up milks) and other nutritional products for infants and children up to seven years of age. The company also makes special and hospital-based formula for preterm and low birthweight babies. The business unit has operations in 60 countries. In 2010, Pfizer Nutrition generated $1.9 billion in sales. The Animal Health business unit had sales of approximately $3.6 billion in 2010. “The actions we’re announcing today are driven by the potential to create value for shareholders and enable Pfizer to become a more focused organization, better positioned for future success,” Mr. Read said. “Ultimately, our decisions will continue to support our long-term strategy to Innovate with Phosphate™ ◆ Our R&D efforts are focused on developing phosphates that reduce sodium in Baking, Processed Meat, Poultry and Dairy applications while maintaining optimum flavor and functionality. ◆ CAL-RISE® ◆ DOUGH-RISE® ◆ V-90® ◆ REGENT 12XX® ◆ LEVAIR® ◆ ACTIF-8® ◆ CURAVIS® SO-LO 93 ◆ TEXTUR-MELT™ LS-50 ◆ DCP D We’re dedicated to healthy innovation, while keeping an eye on your bottom line. Call Technical Assistance at (866) 631-7394. Call Innophos Customer Service today at (800) 243-5052 to place your order. July 19, 2011 FOODBUSINESS NEWS ® 11

Table of Contents for the Digital Edition of Food Business News - July 19, 2011

Food Business News - July 19, 2011
U.S. rice production situation changes dramatically
Marketing standards for children’s products proposed
Campbell to invest less in sodium reduction
Editorial - Data transparency hugely important for markets
Dannon to invest $88 million in Ohio yogurt plant
Pfi zer may sell Nutrition business
Nestle Health Science acquires stake in Vital Foods
Hispanic consumers seek authentic menu options
Kraft names Timothy Cofer to European leadership
Gary Lane named c.e.o. of Ottens Flavors
Nestle to buy 60% interest in Chinese confectioner
Sun Capital acquires Contessa Premium Foods
Reser’s Fine Foods to acquire Vaughan Foods
Campbell to invest less in sodium reduction
Hamburger consumption on the rise
Dunkin’ looks to raise $461 million through i.p.o.
Buckhead Beef to build new facility
Global industrial processing of grains in slower growth
Higher adult obesity rates recorded in 16 states
More than 2,000 organizations in support of MyPlate
U.S. rice production situation changes dramatically
Washington - Agreement ends cross-border trucking dispute
Sodium Reduction - Conflicting views on sodium and mortality
Potassium chloride comes with taste issues
Children’s Nutrition - Questions arise about children and food allergies
DAIRY BUSINESS NEWS - Dairy ingredient innovations
DAIRY BUSINESS NEWS - Fonterra names chief executive officer
Dairy Business News - New OptiSol ingredient works with frozen yogurt
Dairy Business News - New Danisco system targets artisan ice cream
Dairy Business News - Regional ice cream maker ceases production
Dairy Business News - Dairy organizations team to form consortium
Dairy Business News - Harris sees consumers continue to focus on value, spending cuts
Dairy Business News - General Mills completes Yoplait acquisition
Dairy Business News - Shadow Beverages acquires Whey-Up brand
Dairy Business News - Dean Foods settles lawsuit for $140 million
Dairy Business News - Sargento Foods expands R.&D. staffi ng
New Product Trends - Beyond meat protein
New Food Products - Zatarain’s introduces frozen meals
New Food Products - Bear Naked launches Nut Cluster Crunch cereal
New Food Products - Kraft adds caulifl ower to new mac and cheese item
New Food Products - AdvancePierre Foods adds Graham Snackers
New Food Products - WhiteWave foods expands product line
New Food Products - Mott’s enters vegetable juice category
New Food Products - Orgain introduces shakes for children
New Food Products - Field Roast launches vegetarian frankfurter
INGREDIENT MARKET TRENDS - Spring wheat crop forecast 11% lower than 2010
Ingredient Markets
Supplier Innovations and News - Caravan launches base for single-serve items
Supplier Innovations and News - B vitamin supplier changes name to Prinova
Supplier Innovations and News -Testing method screens for Salmonella
Supplier Innovations and News - Cargill commits to 2015 sustainable palm oil goal
Supplier Innovations and News - European Commission approves stevia’s use in some foods
Supplier Innovations and News - Kemin hires technical sales manager
Supplier Innovations and News - Bell expands by buying facility
Ad Index
Food Business in the News

Food Business News - July 19, 2011