Food Business News - April 21, 2015 - (Page 19)

value-added water, which registered the largest decline of any liquid refreshment beverage type other than fruit beverages or carbonated soft drinks, according to the B.M.C. Energy drinks advanced by 6.4%, but also remained fairly modest in size. No energy drink, R.-T.-D. coffee or value- added water brand ranked among such leading brands by volume as the leading three - Coke, Pepsi and Mountain Dew. Sports beverages, on the other hand, had Gatorade as the sixth largest beverage brand during the year. The sports beverage segment exceeded 1 billion gallons for the first time in 2011 and topped 1.4 billion gallons in 2014. Carbonated soft drinks remained by far the largest liquid refreshment beverage category, but it continued to lose volume and market share. Volume slipped by 1% from 12.9 billion gallons in 2013 to less than 12.8 billion gallons in 2014, which lowered market share from slightly less than 43% to just above 41%. Even so, the category declined more slowly than in previous years, and some soda brands, such as Sprite and certain varieties of Mountain Dew, did achieve growth. FBN I.F.F. plans to buy Ottens Flavors NEW YORK - International Flavors & Fragrances, Inc. has agreed to acquire Henry H. Ottens Manufacturing Co., Inc., a Philadelphia-based flavors' company that is active in such areas as flavor enhancers, sodium reduction and savory flavors. The customer base of Ottens Flavors includes a portfolio of key U.S.based accounts that complement I.F.F.'s portfolio, I.F.F. said when announcing the transaction April 13. "This acquisition is an exciting one as it's the first step in our redefined strategy April 21, 2015 to win where we compete," said Andreas Fibig, chairman and chief executive officer of I.F.F. "I.F.F. and Ottens Flavors share rich histories, world class capabilities and a strong commitment to innovation." New York-based I.F.F. will use existing resources to fund the transaction, which is expected to add about $60 million in annual revenue. The transaction will be slightly accretive to I.F.F.'s earnings per share in fiscal 2015, excluding transaction costs. Financial terms were not disclosed. The transaction is expected to close in the second quarter of 2015. FBN FOODBUSINESS NEWS ® 19

Table of Contents for the Digital Edition of Food Business News - April 21, 2015

Food Business News - April 21, 2015
Wal-Mart eyeing improvements
Drought dilemma for California agriculture
Antibiotics under greater scrutiny
Table of Contents
Web Contents
Editorial - Food’s share of spending declines
Reheating meat sales
A record year for specialty food sales
Innovation insights from Chobani
Target hires merchandiser to reinvent its food business
McDonald’s moves toward simpler ingredients
Tyson Foods to close Georgia plant
Bottled water drove beverage market growth in 2014
I.F.F. plans to buy Ottens Flavors
F.D.A. challenges Kind under ‘healthy’ labeling rules
U.S. organic food sales rise 11% in 2014
Daily’s to build bacon plant
Iconic hot sauce brand, assets acquired
Washington - Antibiotics under greater scrutiny
Health and Wellness - Subtracting sugar from formulations
Ingredient Innovations - Positive fiber signs from Europe
Study links fiber, whole grains to reduced risk of death
Dairy Business News - Hydrocolloids: Managing moisture and more
Ingredient Marketplace 2015
New Food Products
Ingredient Market Trends - Another new chapter for C.W.B.
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - April 21, 2015