Food Business News - July 31, 2012 - (Page 14)

Nestle Health Science acquires stake in medical foods company Alzheimer’s. Axona is already on the market and prescribed to up to 30,000 people. “Our stake in Accera is a strategic step forward in building up our brain health portfolio,” said Luis Cantarell, president and chief executive officer of Nestle Health Science. “Axona is an innovative medical food with a well-understood mode of action and offers the pote ntial for personalized nutrition for Alzheimer’s patients.” Nestle said the stake in Accera will allow the collection of more extensive clinical data to support existing research into Axona. “Nestle’s Health Science’s investment will enable us to expand our clinical development program and strengthen our commercial capabilities in the U.S.,” said Holger Kunze, president and c.e.o. of Accera. “Longer term, it will also give us the opportunity to enlarge the geographic footprint of Axona.” FBN Starbucks breaks ground on $172 million facility AUGUSTA, GA. — The Starbucks Coffee Co. has begun construction on a $172 million facility that will manufacture VIA Ready Brew and ready-to-drink beverages when it is completed in early 2014. The facility will be the company’s fifth in the United States. The 180,000-square-foot facilty will be LEEDcertified and employ 140, according to the company. Starbucks other manu-facturing facilities are in Carson Valley, Nev.; York, Pa.; Sandy Run, S.C.; and Kent, Wash. FBN LUTRY, SWITZERLAND — Nestle Health Science has acquired a stake in Accera, a U.S. company that specializes in the research, development and commercialization of medical foods for neurodegenerative disorders such as Alzheimer’s disease. Accera’s main brand is Axona, which is a medical food intended for the clinical dietary management of mild to moderate Cal-Maine to buy egg production assets JACKSON, MISS. — Cal-Maine Foods, Inc. has reached an agreement to acquire the commercial egg operations of Pilgrim’s Pride Corp. The assets include two production complexes near Pittsburg, Texas, with capacity for 1.4 million laying hens. “These production facilities will complement our existing operations in Texas, and the additional capacity will enhance our ability to serve customers in the Texas markets,” said Dolph Baker, president and chief executive officer of CalMaine Foods. “We welcome this opportunity for the continued growth of our business and the ability to provide greater value for our customers and shareholders.” The transaction is expected to close in August. FBN ingredient & blending solution. one stop shopping national distribution the Emmi Roth expanding in Wisconsin MADISON, WIS. — Emmi Roth USA is constructing a new 77,000-square-foot artisanal cheese plant in Platteville, Wis. The company is investing about $43 million in the facility, which will produce Grand Cru cheese, a type of Gruyere. The company is expected to employ as many as 60 people once the facility is complete. The company is part of Emmi Group, a dairy products companybased in Lucerne, Switzerland. FBN B.C. Williams Bakery Service BCW Food Products 800.527.4104 a baking tradition since 1935. 14 FOODBUSINESS NEWS ® July 31, 2012

Table of Contents for the Digital Edition of Food Business News - July 31, 2012

Food Business News - July 31, 2012
Slowing global economy pressures McDonald’s net
Big changes may be looming for Dole Food Co.
Drought effects go well beyond corn, soybean crops
Table of Contents
Web Contents
Editorial - Global food parallels oil refining
Investments help drive earnings gain at Hershey
Prepared foods market to reach $32.45 billion in 2012
PepsiCo earnings fall on restructuring costs
Private investment group to buy Peet’s Coffee for $1 billion
Sales of Fairtrade-certified products grow 12%
Annie’s earnings climb 18% in first quarter
Food and beverage C.P.I. up 0.1% in June
Nestle Health Science acquires stake in medical foods company
Starbucks breaks ground on $172 million facility
Cal-Maine to buy egg production assets
Emmi Roth expanding in Wisconsin
B&G profit rises behind Culver Specialty business
Paramount Citrus acquires Healds Valley Farms
Washington - Government takes steps to aid drought-stricken farmers and ranchers
Ingredion: More than a catchy name
Ingredient Innovations - The next step in sodium reduction
Health and Wellness - Trans fats in review
Industry Images - Images from the I.F.T.
New Food Products
Supplier Innovations and News
Ingredient Market Trends
Ingredient Markets
Ad Index
Food Business in the News

Food Business News - July 31, 2012