Food Business News - November 17, 2015 - (Page 28)

Seneca acquires largest maraschino cherries maker MARION, N.Y. - Seneca Foods Corp. has acquired Gray & Company, a Hart, Mich.based provider of maraschino cherries and one of the largest providers of glace or candied fruit products. The company's products are sold as branded and private label items to the retail, club, food service and industrial markets. Financial terms of the transaction were not disclosed. "We believe that these operations are a complementary fit with our existing canned fruit business," said Kraig Kayser, president and chief executive officer of Seneca. "We are very excited about this acquisition and the extension of product offerings it brings to our company. On behalf Ingredients make all the difference of the entire Seneca team, I welcome them to the organization." James Reynolds has led the growth of Gray & Company as c.e.o. and principal owner since 1981. "After 34 years at the helm, it is high time for me to secure the bright future of our business by transferring leadership and ownership to a much larger organization with a compatible culture and business to propel us for the next 35 years," Mr. Reynolds said. "This union with Seneca is a very good day indeed for our employees, growers and customers. I am delighted." Seneca Foods is a provider of packaged fruits and vegetables, with facilities throughout the United States. Its products primarily are sourced from more than 2,000 American farms. Seneca holds the largest share of the retail private label, food service, and export canned vegetable markets, distributing to more than 90 countries. Products also are sold under such brands as Libby's, Aunt Nellie's, READ, and Seneca. Founded in 1908 in Portland, Ore., Gray & Company is the world's largest producer of maraschino cherries. Gray & Company has processing facilities in Oregon and Michigan. FBN Popchips names new c.e.o. { 28 Defatted Wheat Germ from VIOBIN USA answers today's demand for cleaner labels, with a low fat, high fiber, full flavored natural ingredient. The functional qualities of Defatted Wheat Germ include: improving stability, texture, nutritional value, and flavor to many applications. Call us today to inquire about a custom solution for your product. VIOBIN U.S.A. 217.762.2561 X 249 Sales 217.402.3117 NEWS ® { LOS ANGELES - David Ritterbush has been named chief executive officer of snack maker popchips. Former c.e.o. Paul Davis is expanding his role on the company's board of directors, according to the company. Mr. Ritterbush was c.e.o. of the Premier Nutrition Co., a manufacturer in the active nutrition category. Prior to leading Premier, he had worked for Red Bull North America and Dreyer's Grand Ice Cream. "I witnessed popchips transform the better-for-you snack category in 2007, igniting explosive growth and massive consumer enthusiasm for its brand," Mr. Ritterbush said. "The timing for me to join the team could not be better as we plan to introduce exciting innovations in 2016 that will fire up and excite our existing snackers, attract new fans to the brand and expand the tremendous support we receive from retail partners." FBN November 17, 2015

Table of Contents for the Digital Edition of Food Business News - November 17, 2015

Food Business News - November 17, 2015
Starbucks becoming a ‘food destination’
Sugar, corn sweetener court battle under way
Beverage Business News - Redesigning fruit juice
Table of Contents
Web Contents
Editorial - Climate change takes center stage in Paris
Hain earnings surge; U.S. grocery sales disappoint
Local promotions set to sizzle as a menu trend
Smucker focuses on redefining the coffee experience
Kraft Heinz integration showing progress
Credit Suisse lowers Dean Foods’ stock to ‘underperform’
Dean Foods betting big on DairyPure brand
Food waste reduction 2.0
TreeHouse Foods to acquire ConAgra’s Private Brands business
Efficiency gains drive TreeHouse earnings
Seneca acquires largest maraschino cherries maker
Popchips names new c.e.o.
Amazon dips foot into food delivery in L.A.
Schwan simplifying ingredient list across entire product line
Washington - Producer groups begin to take sides on T.P.P.
Ingredient Innovations - High-oleic options
Health and Wellness - Targeting bone and joint health
New Menu Items
Ingredient Market Trends - U.S.D.A.’s Crop Production and WASDE reports bearish
Ingredient Markets
Supplier Innovations and News
Ad Index

Food Business News - November 17, 2015