Food Business News - March 24, 2015 - (Page 27)

Continued from Page 24 base and buying power to make them affordable and accessible to all customers through Simple Truth, which continues to see double-digit sales growth. And while customers will always have evolving expectations for convenience, we have improved our prepared food offering to meet their changing needs as well." Kroger's fourth-quarter earnings totaled $518 million, or $1.06 per share on the common stock, an increase compared with the same period during the previous year when earnings were $422 million, or 82c per share. Sales for the quarter were $25,207 million compared with $23,222 million the previous year. FBN Private equity firm buys American Beverage Co. March 24, 2015 Our newest concept in separation technology adapts to meet your toughest challenges. The new design, which features a completely integrated drive, provides the highest degree of efficiency with significant energy savings. Since the drive is installed underneath the bowl, there is less strain on the bearings for longer service intervals and overall simpler maintenance. Units require minimal floor space and are available in a range of capacities. To find out how directdrive separators can provide the solution you have been searching for, contact Mark Litchfield at 612-412-6997 or or visit our website at GEA Mechanical Equipment US, Inc. GEA Westfalia Separator Division Toll-Free: 800-722-6622 · 24-Hour Technical Help: 800-509-9299 engineering for a better world FOODBUSINESS NEWS 1936T GREENWICH, CONN. - Brynwood Partners VII L.P., doing business as Harvest Hill Beverage, has acquired the American Beverage Co. for $55 million. American Beverage manufactures fruit drinks, ready-to-drink alcoholic beverages and non-alcoholic cocktail mixers. The company's brands include Little Hug Fruit Barrels, Big Hug and Guzzler. The company is based in Rye Brook, N.Y., and manufactures its products from two plants in Verona, Pa., and Phoenix. "We are pleased to announce the acquisition of American Beverage Company," said Henk Hartong, chairman and chief executive officer of Brynwood Partners and chairman of Harvest Hill. "The Little Hug brand provides Harvest Hill with an entry into the sizeable juice drink category. The addition of Little Hug to our retail juice portfolio enables Harvest Hill to participate in all segments of the juice aisle, strengthening our position with our retail partners. We are also excited about the company's Verona, Pa., and Phoenix, Ariz., manufacturing facilities as they will provide Harvest Hill with additional production flexibility." Harvest Hill was formed when Brynwood Partners acquired the Juicy Juice brand from Nestle USA. Juicy Juice is a maker of reduced-sugar beverages for children. The two primary products of the business are the Juicy Juice brand and Fruitfuls. FBN ® 27

Table of Contents for the Digital Edition of Food Business News - March 24, 2015

Food Business News - March 24, 2015
Inside General Mills’ new approach to innovation
Nestle pursuing nutrition-based treatment for autism
Dairy Business News - Inclusion innovation: More than a chip or a chunk
Table of Contents
Web Contents
Editorial - Flexibility is needed to meet new opportunities
Kind raising the bar with innovation
McDonald’s to unlock power of local regions
Lancaster Colony acquires flatbread maker
SodaStream going after Keurig
Six forces shaping natural, organic product development
Stevia slow to penetrate confectionery market
C-Suite insight: C.P.G. at a crossroads
Kroger’s Simple Truth sales hit $1.2 billion for year
Private equity firm buys American Beverage Co.
Washington - Dietary Guidelines coming into focus
Market Insight - A `normal’ year for U.S. crops?
Health and Wellness - Shining a health halo over protein
Meat industry criticizes D.G.A.C. recommendation
Ingredient Innovations - Number of proposed pho alternatives widens
Still no timetable for final GRAS rule
Company Profile - Mondelez gaining momentum
New Food Products
Natural Products Expo West/Engredea
Ingredient Market Trends - Millers forecast soft red winter wheat crop at 381 million bus
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - March 24, 2015