Food Business News - October 9, 2012 - (Page 12)

Dean puts Morningstar Foods on the trading block DALLAS — Dean Foods Co. is seeking a buyer of its Morningstar Foods business unit. The company said it has not identified a candidate, and it will only sell Morningstar Foods in a transaction that maximizes shareholder value. Morningstar Foods is a warehouse delivery dairy business that produces and sells traditional and specialty items, including cultured dairy products, ice cream mixes, coffee creamers, aerosol whipped toppings, traditional and value-added milks, and blended iced beverages to retailers and food service operators nationwide. In 2011, the business unit had sales of $1.3 billion. In early August, Dean Foods announced plans to initiate an initial public offering for 20% of the company’s WhiteWave-Alpro business unit, which will change its name to The WhiteWave Foods Co. once the i.p.o. is completed. The money raised by the i.p.o. will be used to pay down some of Dean Foods’ debt, according to the company. The WhiteWave-Alpro business manufactures and distributes plantbased foods and beverages, coffee creamers and beverages as well as other dairy products throughout North America and Europe. FBN Chiquita Brands names Edward Lonergan as c.e.o. CHARLOTTE, N.C. — Edward F. Lonergan has been named president and chief executive officer of Chiquita Brands International, Inc., effective Oct. 8. Mr. Lonergan most recently was president and c.e.o. of Diversey, Inc., a provider of cleaning solutions. He replaces Fernando Aguirre, who previously announced plans to step down from being chairman, president and c.e.o.. “Ed brings more than 30 years of leadership experience across many industries and is widely recognized as an outstanding business leader with an impressive track record of success,” said Kerrii B. Anderson, chairman of Chiquita Brands. “ Mr. Lonergan also was appointed to the company’s board of directors. FBN 12 FOODBUSINESS NEWS ® October 9, 2012

Table of Contents for the Digital Edition of Food Business News - October 9, 2012

Food Business News - October 9, 2012
Unilever may put Skippy brand up for sale
Fruit prices on the rise
Bio-engineering on the ballot in California
Table of Contents
Web Contents
Editorial - Instant noodles as single food product success
Snyder’s-Lance expands distribution in southwest U.S.
American Sugar buys majority of Belize Sugar Industries
F.A.O. Food Price Index rises in September
Sunland peanut butter recall expands
RAND study shows rapid rise of morbid obesity
Dean puts Morningstar Foods on the trading block
Chiquita Brands names Edward Lonergan as c.e.o.
Smart Balance unveils new name, new structure
Clarkson Grain acquires US Soy
Alpina opens yogurt facility in New York
Chris Solly to c.e.o. of Ehrmann USA
ConAgra to expand frozen meals production
Campbell Soup closing two facilities
Jack Link’s acquiring Nebraska facility
New Kraft seeks to unlock ‘true potential'
Mondelez establishes global ambitions
August Restaurant Performance Index rises
Hershey to source 100% certified cocoa by 2020
Kroger introducing ‘Simple’ brands
Environmental claims to face greater scrutiny
Health and Wellness - Sodium reduction remains a priority
Ingredient Innovations - GRAS for probiotics seen as step toward market acceptance
Studies focus on probiotic benefits
New Food Products
Ingredient Market Trends
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - October 9, 2012