Food Business News - October 9, 2012 - (Page 14)

Smart Balance unveils new name, new structure PARAMUS, N.J. — Smart Balance, Inc. is restructuring, creating two business segments, moving its headquarters to Boulder, Colo., and changing its name to Boulder Brands, Inc. Smart Balance produces buttery spreads and gluten-free products through its Glutino brand. Smart Balance in July acquired Udi’s Healthy Foods, L.L.C., whose products include gluten-free bread and other bakery products, such as cookies, buns and muffins. Beginning with the third quarter of fiscal 2012, Smart Balance will record results in one of two operating segments: Smart Balance and Natural. The Smart Balance segment will consist of its branded products in spreads, butter, grocery, and milk and will be led by John Becker, promoted to executive vice-president of Smart Balance. The Natural Brands segment will be comprised of the Earth Balance, Glutino and Udi’s brands. TJ McIntyre, promoted to executive vice-president of Natural Brands, will lead the segment. The creation of the new operating segments “will provide greater clarity on the new strategic focus of the company,” Smart Balance said. The position of president and chief operating officer, which had been filled by Terry Schulke, will be eliminated, Smart Balance said. Mr. Schulke is leaving to pursue other opportunities. In 2013, Smart Balance plans to move its corporate offices to Boulder and change its name to Boulder Brands, Inc., which the company said “better reflects its recent transformation to a company with multiple brands and a greater presence in natural foods.” “The establishment of two business segments and the relocation of our corporate headquarters to Boulder, Colo. — the Silicon Valley of natural foods — is consistent with our long-term view of the company and will allow us to plan and execute on our strategy more effectively,” said Stephen Hughes, chairman and chief executive officer of Smart Balance. “Our mission is to become the leading health and wellness company building out and acquiring natural brands.” FBN Uh-oh. Bad news for salt. Our Salt Replacer #0863 can reduce salt content by up to 40%. Good news if you want to give your low-sodium dishes that savory flavor. Not-so-good news if you’re salt. For a sample of this or one of our other flavor enhancers created to satisfy special dietary needs, visit And if you can’t find the exact flavor you’re looking for, just tell us. We’ll make it for you. Order a sample at or call 888.534.6621 Clarkson Grain acquires US Soy CERRO GORDO, ILL. — Clarkson Grain has acquired US Soy, Mattoon, Ill. US Soy is a processor of organic and non-bioengineered ingredients. Terms of the transaction were not disclosed. The acquisition was finalized on July 16 and Clarkson Grain has acquired the US Soy name and its storage and processing facilities in Mattoon. The facilities feature host cleaning and milling capabilities as well as dry and oil roasting lines, and bag and bulk packaging systems. Clarkson Grain supplies specialty grains, oilseed and ingredients to processors of foods and feeds. The company owns and operates its own commercial storage, cleaning and handling facilities as well as organic soy processing facilities, a barge station and rail sidings. FBN 14 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