Food Business News - February 9, 2016 - (Page 17)

Coca-Cola takes stake in Nigerian business in this journey we are starting with The Coca-Cola Co. The relationship will allow us to expand our regional footprint and product portfolio." In 2014, the Coca-Cola system announced an increased investment in Africa to a total of $17 billion from 2010 to LAGOS, NIGERIA - The Coca-Cola Co. has reached an agreement with Tropical General Investments Group (TGI Group), the holding company of Chi Ltd., a Nigerian dairy and juice company. As part of the agreement, Atlanta-based Coca-Cola will acquire an initial 40% minority equity shareholding in Chi Ltd. with the opportunity to increase ownership to 100% within three years, subject to regulatory approvals, while working on other longterm commercial structures. The agreement creates a strategic relationship between two beverage companies within Africa's largest economy that together serve sparkling soft drinks, juices, value-added dairy and water beverage brands. Incorporated in 1980, Chi Ltd. has market leadership positions in fruit juices, iced tea, value-added dairy products and snacks in Nigeria. The company's brands include Chivita 100%, Chivita Active, Chi Exotic, Chi Happy hour, Chi Ice Tea, Capri-Sonne, Hollandia, Chi Super Bite and Beefie. The partnership is expected to help Chi Ltd. achieve its ambitious growth plans through access to Coca-Cola's broad product portfolio and integration into global best practices in production, distribution and brand-building. Cornelis Vink, chairman of TGI Group and Chi Ltd., added, "We strongly believe 2020. The investment, which is roughly three times the amount invested in the last decade, is funding new manufacturing lines, distribution capabilities and cold drink equipment while creating additional jobs and opportunities on the continent. FBN CONFIDENCE. It's our vital ingredient for success and longevity. With decades in distribution under our belt, L.V. Lomas has a built a strong legacy of passion and commitment. What does that mean for our customers? Whether you're a food technologist, purchaser or marketing professional - we're determined to find the best solutions that suit your business expectations. We're utilizing all the knowledge we've cultivated in Canada and offering it to the U.S. market. Let's grow and succeed together. SuperValu picks new president, c.e.o. MINNEAPOLIS - SuperValu Inc. has appointed Mark Gross as the company's newest president and chief executive officer, effective Feb. 5. Mr. Gross replaced Sam Duncan, who announced his retirement in October. Mr. Duncan will be stepping down from the company's board of directors effective with his retirement on Feb. 29. He will be a special adviser to the board until then to assist in a smooth changeover. FBN February 9, 2016 Premium Ingredients. Custom Solutions. 844 458 7111 FOODBUSINESS NEWS ® 17

Table of Contents for the Digital Edition of Food Business News - February 9, 2016

Food Business News - February 9, 2016
Mondelez expects snack sales to slow
Starbucks ‘firing on all cylinders’ in C.P.G.
Beverage Business News - Boosting the nutrition profile of beverages
Table of Contents
Web Contents
Editorial - Trust and the rising bar for ‘achieving’ food safety
Survey finds natural labels may mislead consumers
‘The U.S. consumer has changed’
Take the lead in transparency
ChemChina to acquire Syngenta for $43 billion
A new venture for PepsiCo
Chipotle focusing on recovery, food safety
Coca-Cola takes stake in Nigerian business
SuperValu picks new president, c.e.o.
Madagascar 2 - Vanilla prices soar again
Nestle in talks to acquire Israel’s largest food company
Global challenges weigh on Hershey’s earnings
Court sides with Dannon, General Mills in yogurt case
Market Insight - Beef is bouncing back
Ingredient Trends - Plant protein applications evolving
Ingredient Innovations - Three considerations when choosing emulsifiers
Emulsion innovation extends beverage stability
New Food Products
Ingredient Market Trends - Ethanol fuels fireworks in the Iowa Republican caucus
Ingredient Markets
Supplier Innovations and News
Ad Index

Food Business News - February 9, 2016