Food Business News - April 10, 2012 - (Page 20)

PepsiCo and Tingyi Holding finalize beverage alliance in China PURCHASE, N.Y. — PepsiCo, Inc. and Tingyi (Cayman Islands) Holding Corp., a food and beverage company based in Tianjin, China, officially have formed a beverage alliance in China. The alliance, which was announced in November 2011 and approved by the shareholders of Tingyi in February, received regulatory approval on March 29. As part of the alliance, Tingyi’s beverage subsidiary — Tingyi-Asahi Beverages (TAB) Holding Co. Ltd. — is now PepsiCo’s franchise bottler in China. TAB will partner with PepsiCo’s current bottlers to manufacture, sell and distribute PepsiCo’s carbonated soft drink and Gatorade brands. In addition, PepsiCo and TAB will begin co-branding their respective juice drink brands using the Tropicana brand name under license from PepsiCo. PepsiCo will retain branding and marketing responsibilities for the products. PepsiCo said it has contributed its indirect equity interests venture bottling operations in China to TAB and received as consideration a 5% indirect equity interest in TAB. Additionally, PepsiCo has an option to increase its indirect holding in TAB to 20% at its sole discretion by 2015. The PepsiCo-Tingyi beverage system will provide beverage products, including Pepsi, Mirinda, Gatorade and China’s topselling tea and water brands, sold under TAB’s Master Kong brand name. “China will soon surpass the United States to become the largest beverage market in the world,” said Indra Nooyi, chairman and chief executive officer of PepsiCo. “As a result of this new alliance with Tingyi, PepsiCo is extremely well positioned for long-term growth in China. Tingyi is an outstanding operator with a proven track record of success. By leveraging the complementary strengths of each company, we’ll be able to significantly enhance our beverage business in China, reach millions of new consumers throughout the country, and create value for Tingyi and PepsiCo shareholders.” FBN in its company-owned and joint ingredient & blending solution. one stop shopping national distribution the US Foods acquires specialty importer ROSEMONT, ILL. — Food distributor US Foods has acquired Sparta Imports, Inc., Columbia, S.C. Sparta is an importer and distributor of a variety of Greek-, Italian-, and Middle-Eastern-style products. “US Foods is pleased to welcome Sparta Imports, which is recognized throughout the region as one of the leading sources of authentic, high-quality Greek and Mediterranean specialties,” said Durwood Owens, president of US Foods’ Columbia Division. ”Sparta’s expertise and product offerings will significantly increase the variety of specialty products available to US Foods customers.” Terms of the transaction were not disclosed. FBN B.C. Williams Bakery Service BCW Food Products 800.527.4104 a baking tradition since 1935. 20 FOODBUSINESS NEWS ® April 10, 2012

Table of Contents for the Digital Edition of Food Business News - April 10, 2012

Food Business News - April 10, 2012
F.D.A. rejects petition to ban bisphenol A
Finding savory flavors around the world
Prospective corn plantings at highest level since 1937
Table of Contents
Web Contents
Editorial - Steve Jobs as enticing model for food industry
Investment plans call for Burger King to go public
Consumers seeking deals to return to restaurants
General Mills ahead on product nutrition profile improvements
Test for milk allergens not as effective as thought
Craig Bahner to join Wendy’s as c.m.o.
Gluten-free offerings boost global snack introductions
Warne to lead Perkins and Marie Callender’s
Rich Products buys Canadian frozen dessert company
Michigan retailer acquires dairy production capacity
PepsiCo and Tingyi Holding finalize beverage alliance in China
US Foods acquires specialty importer
Market for food bars reaches $5.7 billion
Misinformation impacts beef demand
C.D.C. vitamin, nutrient data show progress
Burger King rolls out whopper of a menu change
Soup, salads showing strength on the menu
Daniel Saw to lead Campbell’s Asia business
Restaurant operator optimism on the rise
Market Insight - Prospective corn plantings at highest level since 1937
IFT Wellness 12 - Transparency vs. simplicity
Flavor Trends - Finding savory flavors around the world
Ingredient Innovations - Caramel color concerns prompt change
Colors by nature
New Food Products
Ingredient Market Trends
Ingredient Markets
Supplier Innovations and News - Egg replacer sales look to grow for Arla
Supplier Innovations and News - Systems reduce sodium in meat
Supplier Innovations and News - Perform spray drying tests in a single operation
Supplier Innovations and News - DuPont offers guar gum alternatives
Supplier Innovations and News - Pea protein enhances chocolate
Supplier Innovations and News - Barry Callebaut profits slip while sales rise
Supplier Innovations and News - Caramel color has more intensity
Supplier Innovations and News - Stabilize freeze-thaw products
Ad Index
Food Business in the News

Food Business News - April 10, 2012