Food Business News - December 15, 2015 - (Page 1)

FOODBUSINESS NEWS December 15, 2015 NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Investor seeking sale of Bob Evans division NEW YORK - Sandell Asset Management, one of the largest shareholders of Bob Evans, continues to push for a sale of the restaurant chain's BEF Foods unit, a maker of sausages, sandwiches, entrees and gravies. In a letter to the Bob Evans board of directors, Sandell said the company could fetch more than $950 million for the food processing business. Sandell argued that BEF Foods may generate approximately $68 million in EBITDA this year after the allocation of what Sandell said may be about $15 million of corporate overhead. "Thus, BEF Foods may generate approximately $83 million in EBITDA Continued on Page 14 www.foodbusinessnews.net JAB Holding to acquire Keurig Green Mountain Tackling texture issues in beverages oday's beverage formulators often focus on flavor and nutrition without giving much initial thought to texture. After all, it's just a liquid. If it flows, all's good. This conclusion could not be any further from the truth. In fact, texture consideration must go hand-in-hand with flavor and nutrition development, as texturants are necessary to emulsify and suspend other ingredients in the beverage system. They also affect various sensory attributes, which influences consumer acceptability. "Texture is a vital component of formulation development, as it not only affects Continued on Page 29 T Story on Page 16 Food industry M.&A. activity seen strong again in 2016 CLEVELAND - Expect "continued strong" acquisition activity in the food and beverage industry in the coming year, said Glen Clarke, managing director and head of food and beverage investment banking at KeyBanc Capital Markets, Cleveland. "Food companies are trading at all-time highs, so they've got plenty of capital leverage," Mr. Clarke told Food Business News. "I continue to see the strategic buyers being active. There are still 150 to 200 food companies owned by the private equity community, and as we know, those companies are always for sale. We're going to continue to see those companies feeding into the M.&A. market, driving the continued M.&A. activity." However, an increase in interest rates may dampen some M.&A. activity, he said. "As rates rise the cost of capital goes Continued on Page 10 ® http://www.foodbusinessnews.net

Table of Contents for the Digital Edition of Food Business News - December 15, 2015

Food Business News - December 15, 2015
Investor seeking sale of Bob Evans division
Food industry M.&A. activity seen again in 2016
Beverage Business News - Tackling texture issues in beverages
Table of Contents
Web Contents
Editorial - The role of ‘emotional engagement’ in food marketing
Sir Kensington’s making bold moves in condiment category
JAB Holding to acquire Keurig Green Mountain
Tyson vet joins Keystone Foods
G.M.A.’s SmartLabel initiative seeks to enhance transparency
Kurzius promoted to president and c.e.o. at McCormick
Moody’s sees stable U.S. packaged foods sector in 2016
Market Insight - Dairy receipts tumble from record high
Washington - Climate change may impede efforts to reduce hunger
Ingredient Innovations - Adjusting caramel color in the clean label age
Natural routes to orange, yellow and red
Functional Ingredients - Functional ingredient takes top honor at F.I.E.
New Food Products
Ingredient Market Trends - Few adjustments to wheat, corn and soybeans in December WASDE
Ingredient Markets
Supplier Innovations and News
Marketplace
Ad Index
Food Business in the News

Food Business News - December 15, 2015

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