Food Business News - August 30, 2011 - (Page 11)

Nestle updates nutrition labeling system into a balanced lifestyle.” Nestle also has merged the “Good to Remember” tips box with a “Good to Talk” contact/links box. The “Good to Remember” box offered supporting information based on Nestle expertise in such areas as nutrition, health, science, quality and safety. The “Good to Talk” box provided contact details for the relevant brand consumer service teams. Also as part of the Nutritional Compass product labeling system, a nutritional information box states the amount of specific nutrients, such as protein, carbohydrates, fat and sugar, that the product contains. The information boxes in the Nutritional Compass form a circle that has the company’s corporate logo at its center. “We know that people are often confused by the sheer number and variety of different labeling systems, endorsements and quality seals they are faced with when choosing products,” said Sanjay Sehgal, head of Nestle’s corporate wellness unit. “The Nutritional Compass stands out from the rest by encouraging and empowering consumers to make tastier and healthier choices in a friendly language they can understand.” FBN OpenGate Capital to acquire Dean Foods facility WAUKESHA, WIS. — OpenGate Capital, a Los Angeles-based private equity firm, has entered into an agreement with Dean Foods Co., Dallas, to acquire the company’s dairy processing plant in Waukesha. Terms of the agreement were not disclosed. In addition to the facility, OpenGate Capital will acquire the Golden Guernsey and La Vaca Bonita brands as part of the transaction. The facility processes dairy products for customers in Illinois, Michigan and Wisconsin. In early 2010, the U.S. Department of Justice filed an antitrust lawsuit against Dean Foods challenging the company’s acquisition of the Waukesha facility and the Golden Guernsey brand from Foremost Farms Cooperative USA. In late March, Dean Foods settled with the D.O.J. and as part of the settlement agreed to sell the Waukesha processing complex and the acquired brands. FBN VEVEY, SWITZERLAND — Nestle S.A. has changed its Nutritional Compass product labeling system, which is found on 97% of Nestle products worldwide. According to the company, the system is meant to provide consumers with “relevant, easy-to-understand nutrition information, empowering them to make informed decisions about the food they eat.” The system has four boxes offering information about nutrient content, ingredients, tips and contact information/on-line links. With the change, a new “Good Question” box features product specific queries such as “How many cups of coffee can I have in one day?” The question then is answered in an existing “Good to Know” box, such as, “Three to five cups of Nescafe coffee fit well Walgreens launches Nice! store brand DEERFIELD, ILL. — Walgreens has launched Nice!, a new store brand for the company’s more than 400 grocery and household products. The company said it will phase out store brand items that currently are sold under such labels as Café W, Deefield Farms and W. “Store brands have always been a core part of our business,” said Joe Magnacca, president of daily living products and solutions at Walgreens. “With more shoppers seeking value in this economy, we’ve been able to attract new customers across every income level to our brands and maintain their loyalty with a focus on quality and assortment. Now with the launch of Nice!, we are streamlining our offering to make it even easier for customers to identify high quality everyday essentials at a great value.” Walgreens said it plans to have most of its Nice! products on shelves by early 2012 and that consumer response has been positive to the more than 20 items already available, including tea, dried fruit, rice and macaroni and cheese. In addition to signs already in place at the company’s stores, Walgreens said it will launch a national marketing campaign in 2012. “With the consolidation of brands, and the additional products we will roll out under Nice!, we expect it will become a leading brand,” said Moe Alkemade, divisional vice-president and general merchandise manager of private brands at Walgreens. “Our store brands are no longer just the value option, they are the smart option.” Walgreens is the nation’s largest drug store chain with 7,742 stores and fiscal 2010 sales of $67 billion. FBN August 30, 2011 FOODBUSINESS NEWS ® 11

Table of Contents for the Digital Edition of Food Business News - August 30, 2011

Food Business News - August 30, 2011
Web Contents
Editorial - Food itself plays major role in demand for food
Private equity group acquires Minnesota-based candy company
F.D.A. seeks more comments on phytosterols
MegaMex acquires Fresherized Foods
Nestle updates nutrition labeling system
OpenGate Capital to acquire Dean Foods facility
Walgreens launches Nice! store brand
Hormel Foods earnings up 15% in quarter
With charges, Heinz income down 6% in quarter
Consumers dissatisfi ed with frozen meal portions
Kraft cutting coffee prices 6%
California Pizza hires G.J. Hart as president, c.e.o.
Accountability at the heart of new food safety law
General Mills, Batter Blaster win G.M.A. innovation awards
Rowland acquisition boosts Smucker earnings
Coca-Cola, partners to invest $4 billion in China
July milk production up 0.8%
Washington - ' Fit for Life' bill targets childhood obesity
Soaring egg prices, egg products still rising
Health and Wellness - From digestive health to weight management
Ingredient Innovations - Tropical assistance
New Product Trends - Natural, low-calorie refreshment
New Food Products
INGREDIENT MARKET TRENDS - Statistics Canada forecasts record canola crop
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News
Feature - Hormel Foods earnings up 15% in quarter
Feature - Natural, low-calorie refreshment
Feature - Soaring egg prices peaking, egg products still rising

Food Business News - August 30, 2011