Food Business News - August 30, 2011 - (Page 14)

Kraft cutting coffee prices 6% NORTHFIELD, ILL. — Kraft Foods Inc. said it is lowering coffee prices on its Maxwell House and Yuban brands in the United States by about 6%. The price change, which does not include Gevalia, Tassimo and the Maxwell House International line of specialty soluble beverages, comes a week after J.M. Smucker Co. announced a similar reduction in its Dunkin’ Donuts, Folgers and Folgers Gourmet Selections lines. According to Kraft, the price cut translates to 20c per lb on roast and ground coffees and 2c per oz on instant coffees. “We evaluate the various market factors and make our pricing decisions when we feel it’s appropriate for the business,” said Bridget MacConnell, a spokeswoman for Kraft. FBN ALL-NATURAL SOLUBLE FIBER FOR HEALTHY APPLICATIONS ACACIA GUM California Pizza hires G.J. Hart as president, c.e.o. LOS ANGELES — G.J. Hart has been named president, chief executive officer and executive chairman at California Pizza Kitchen, Inc. He will succeed Rick Rosenfield and Larry Flax, California Pizza’s co-founders. Golden Gate Capital acquired California Pizza Kitchen on July 7. Mr. Hart most recently was c.e.o. of Texas Roadhouse, a publicly-traded casual dining company that owns, operates and franchises more than 350 restaurants across the country. “The company has been actively engaged in a c.e.o. search and, with the sale to Golden Gate Capital complete, this is the right time to bring in a new c.e.o. with the operational and strategic expertise Hart to take CPK to the next level of performance,” said Mr. Rosenfield and Mr. Flax. “In G.J., we have found a talented leader with demonstrated success in building one of the most popular and respected casual dining brands through employee loyalty and a focus on delivering a superior dining experience for consumers. His leadership skills and entrepreneurial drive, combined with CPK’s reputation of delivering delicious, innovative food and excellent service, position the company for continued success.” FBN FIBERS • 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 US Office : Colloïdes Naturels, Inc 15 Somerset Street – SOMERVILLE, NJ 08876 - USA Tel : +1 908.707.9400 We add nothing to nature but innovation™ 14 FOODBUSINESS NEWS ® August 30, 2011

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