Food Business News - July 31, 2012 - (Page 48)

Supplier Innovations and News Innophos buys mineral ingredients manufacturer Innophos, Cranbury, N.J., has completed its acquisition of AMT Labs, Inc., a privately held company based in North Salt Lake, Utah, that manufactures ingredients for the food, beverage, confectionery and nutraceutical industries. AMT Labs specializes in mineral ingredients essential to the human diet that are manufactured in various forms, including as chelates, to be easily digested (bioactive). Innophos, Inc., a subsidiary of Innophos Holdings, purchased for cash 100% of the equity of AMT Labs and an affiliated real estate company holding all AMT real property, including unused land and buildings that may support future expansion. The combined purchase price of $27 million included $19.5 used in nutritional and dietary supplements, and AMT expands the Innophos presence in U.S. bioactive complementary to our new bioactive mineral ingredients business platform, providing high quality manufacturing facilities better able to support the future growth expected in this product range. “AMT has also been developing new market potential for its products, which we expect will bring commercial successes in addition to the expected portfolio synergies of the combined business of AMT and Kelatron, which itself has performed strongly since its acquisition by Innophos last year.” million allocated to the AMT purchase and $7.5 million allocated to the real estate property. The AMT acquisition is complementary to the Innophos acquisition of Kelatron last year, according to Innophos, a producer of specialty ingredients. The combined businesses of Kelatron, which manufactures bioactive mineral nutrients mineral ingredients, with annual revenues of about $30 million. “The acquisition of AMT represents the second step in our adjacent strategy to expand in product categories closely related to our existing specialty phosphate product line,” said Randy Gress, chairman and chief executive officer of Innophos. “AMT’s strengths are highly Visit: Analyzer now offers fat, protein data for meat items The Thermo Scientific E scan in-line process analyzer is available for ground meat applications, according to Thermo Fisher Scientific Inc., Minneapolis. The analyzer provides fat, protein and moisture percentage information. It is based on guided microwave spectrometer technology and has no moving parts or optical sensors. It continually measures ground meat coming through the pipeline. “Being off by as little as 1% can cost an operation thousands of dollars in wasted lean product over the course of a week,” said Rick Cash, marketing technology manager for Thermo Fisher. “That’s why it is critical for ground meat processors to have accurate, real-time information regarding their fat, protein and moisture content. The cost-effective E scan can give them that.” DSM finalizes Ocean Nutrition Canada acquisition Royal DSM, Heerlen, The Netherlands, has completed the acquisition of Ocean Nutrition Canada, a Dartmouth, N.S.-based global provider of fish-oil-derived nutritional products, DSM Visit: escan said July 19. The acquisition, first announced on May 18, was for a total enterprise value of C$540 million. DSM expects it to be earnings-pershare accretive from 2013 onwards. Ocean Nutrition Canada is a provider of docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA), two forms of omega-3 fatty acids derived from fish, through the company’s Meg-3 product line. Visit: 48 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