Food Business News - July 19, 2011 - (Page 37)

Dean Foods settles lawsuit for $140 million DALLAS — Dean Foods has announced a $140 million settlement for an antitrust case in which Southeast Dairy Farmers, a group representing 7,200 dairy farmers, alleged the company, along with Dairy Farmers of America, Kansas City, Mo., worked to keep milk prices artificially low. Dean Foods will make an initial payment of $60 million after preliminary approval of the agreement and will i make payments of $20 million in each of the following four years. “We continue to be confident that we have operated lawfully and fairly at all times in the Southeast,” said Gregg Engles, chairman and chief executive officer. “We believe this settlement is in the best interest of our shareholders, employees, customers and consumers. Settling this case allows us to focus on the business challenges that we face and to continue to take costs out of our operations while avoiding the expense, uncertainty and distraction of protracted litigation and the likelihood of a lengthy appeals process.” The case was scheduled to go to trial in August. It originally was filed in July 2007. “This is a very positive and successful resolution,” said Robert G. Abrams, lead attorney for Southeast Dairy Farmers. “We feel the settlement amount of $140 million speaks to Dean’s past activities in the southeast and the impact those activities had on the dairy farmers. Significantly, in addition the settlement also reflects action Dean has taken toward restoring a more competitive market for southeast dairy producers.” DBN WHAT MAKES THIS CAYENNE PEPPER A FRENCH’S It’s a special variety of cayenne peppers cultivated just for French’s® and Frank’s® RedHot® Cayenne Pepper Sauce. ® CAYENNE PEPPER We pay attention to the details, so our customers consistently receive the highest-quality products possible. That’s why we only use No. 1 grade mustard seeds in French’s® Mustard, authentic tamarind in French’s® Worcestershire Sauce and real tomato paste with 26% solids and no starch in Cattlemen’s® Master’s Reserve™ Barbecue Sauce. That makes French’s® the company food processors trust to deliver America’s famous flavors, day in and day out, year after year. For ingredients that make products more competitive, call French’s today at (417) 521-2065 or visit Sargento Foods expands R.&D. staffing PLYMOUTH, WIS. – Cathryn Fritz-Jung has joined Sargento Foods Inc. as the vice-president of research and development. She is responsible for leading the company’s technical product development and research efforts. Prior to joining Sargento Foods, Ms. Fritz-Jung was vicepresident of research and development, quality assurance for Little Caesar Enterprises, Detroit, where she supported new product development and technology and led new product strategy. Ms. Fritz-Jung also has worked for The Schwan Food Company, Ralston Purina Company, Riviana Foods, Nabisco Brands, Inc., and Anheuser-Busch Co. Sargento Foods also made several appointments within its research and development department. John Brody has been promoted to senior technology principal. Since joining Sargento Foods in 1999, Mr. Brody has worked on a variety of projects for the company, including the Sargento Reduced Sodium natural cheese line of products. Mihir Sainani will transition to senior research scientist within Sargento Foods’ frozen breaded group and work on frozen appetizer and non-refrigerated snack product development. Mr. Sainani started his career with Sargento in 2006 as a research scientist and was promoted to senior research scientist in 2009. Since joining the company, Mr. Sainani has supported new business development, as well as initiatives in the company’s natural cheese and value-added categories. DBN AMERICA’S FAMOUS FLAVORS. QUALITY IS OUR ONLY INGREDIENT. July 19, 2011 © 2011 Reckitt Benckiser Inc North America FOODBUSINESS NEWS ® 37

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