Food Business News - April 19, 2016 - (Page 16)

AdvancePierre Foods files for i.p.o. CINCINNATI - AdvancePierre Foods Holdings, Inc. filed registration documents with the Securities and Exchange Commission for a proposed initial public offering. Published reports state the company set a placeholder offering amount of $100 million. Securities and Exchange Commission documents show AdvancePierre reported net income of $37.1 million in fiscal 2015 compared with a loss of $37.9 million in 2014. Revenues for fiscal 2015 totaled $1.61 Quality Assurance Sifters Protect Your Products & Reputation Our precision sifters are custom designed to match your stringent requirements. We have an exceptional line of BISSC certified sifters to meet your food production and quality assurance applications. Gentle gyratory action, an unparalleled focus on sanitation, easy access for inspection and maintenance, dependable, safe, quiet, vibration free designs to protect your products, people, reputation and plant. Let us show you the right unit for your application, with quality assurance second to none. 800-682-3121 Product Protection & Production Sifters Since 1858 16 FOODBUSINESS NEWS ® billion compared with $1.58 billion in fiscal 2014. As of Jan. 2, 2016, the company had $1.27 billion in principal outstanding under its credit facilities with final maturities in 2017, and in addition to $125.4 million available for borrowing under an asset-based lending facility, which matures in January 2017. Cincinnati-based AdvancePierre Foods manufactures packaged sandwiches, fully cooked and uncooked meat products and bakery items that are distributed to schools, universities, convenience stores, supermarkets and warehouse clubs. The company is owned by the private equity firm Oaktree Capital Group L.L.C. Barclays Capital, Inc., Credit Suisse Securities (U.S.A.) L.L.C. and Morgan Stanley & Co. L.L.C. are acting as joint book-running managers. FBN Dr Pepper Snapple increases sports nutrition stake PLANO, TEXAS - The Dr Pepper Snapple Group, Inc. has increased its stake in BA Sports Nutrition, maker of the Bodyarmor brand of sports drinks, to 15.5% from 11.7% with the investment of an additional $6 million. The beverage company is now the second largest investor in the brand, according to BA Sports Nutrition. "Bodyarmor has been a winning addition to our allied brand lineup, enabling us to build our presence in the growing sports drink category with a great tasting and differentiated product," said Rodger Collins, D.P.S. president of packaged beverages. "We're very pleased to be increasing our investment April 19, 2016

Table of Contents for the Digital Edition of Food Business News - April 19, 2016

Food Business News - April 19, 2016
Fresh, authentic a focus for Unilever
Clash over child nutrition programs may lie ahead
Dairy Business News - Dairy flavors grow ever more creative
Table of Contents
Web Contents
Editorial - Growth of organic category suggests still greater attention ahead
Monogram Foods acquires appetizer company
‘Premiumization’ opportunities abound
Preferred Popcorn picks up organic popcorn maker
Wal-Mart to transition to cage-free eggs by 2025
AdvancePierre Foods files for i.p.o.
Dr Pepper Snapple increases sports nutrition stake
Hormel Foods launches clean label effort
Identifying the X-factor in food startups
Food service operators betting big on buns
ConAgra Foods earnings reflect focus on execution
Mondelez to partner with e-commerce firm Alibaba
Modern Table planting the seeds of a trend
Market Insight - Dairy still under pressure
Company Profile - Flowers focused on improved margins
Flavor Trends - The next level for dressings, sauces and marinades
Ingredient Innovations - Fiber's global reach
Ingredient suppliers emphasize specialized fibers
Algae venture to invest in or buy food companies
New Food Products
Ingredient Market Trends - Large supplies will weigh on grain and oilseeds prices into next year
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - April 19, 2016