Food Business News - June 28, 2016 - (Page 15)

Congress to "follow Philadelphia's lead" and enact her SWEET Act that would put a national excise tax on sweetened beverages. Her bill was first introduced in July 2014. On a pro-soda tax press conference call June 17, Howard Wolfson, senior adviser to Mr. Bloomberg, said the billionaire was preparing to back similar efforts in San Francisco and Oakland, Calif., later this year, and also may support a tax effort in Multnomah County, Oregon (which includes Portland), next year. Mr. Wolfson also did not rule out contributions from Mr. Bloomberg to Philadelphia's legal costs if the A.B.A. sues the city. "If Berkeley was a tremor, Philadelphia is an earthquake, and we expect there will be more earthquakes going forward," Mr. Wolfson said. Jim Krieger, president of Healthy Food America, which promotes anti-sugar policies, in a Politico article said, "Philly Post said to be considering combining with Lamb Weston ST. LOUIS - Post Holdings, Inc. has had discussions to combine with ConAgra Foods, Inc.'s Lamb Weston potato business in a deal valued at about $6 billion, according to an article in The Wall Street Journal. Citing people familiar with the matter, the W.S.J. said the talks have stalled but could be revived. The people said ConAgra currently is focused on its plan to spin off the Lamb Weston business this year. Lamb Weston makes frozen french fries, mashed potatoes, tater tots and other potato products. Since Sean Connolly took the helm at ConAgra Foods early last year, the company has announced a series of major changes, including the sale of its private brands business to TreeHouse Foods and the separation of its consumer brands business and the Lamb Weston frozen potato business into two independent, publicly traded companies. The company also announced plans to lay off 1,500 office-based employees around the world and move its headquarters from Omaha to Chicago. For Post Holdings, a potential transaction would be the largest in the company's history. The company has been active on the acquisition front over the past several years, buying Michael Foods Inc. for approximately $2.5 billion in 2014 and MOM Brands Co. for more than $1 billion in 2015. FBN June 28, 2016 is really groundbreaking. It's going to unleash the next wave of tax efforts across the country." But others see the Philadelphia tax as unique, noting the city's struggles to fund programs and the nature of local politics. So the debate continues on whether the Philadelphia tax will be the springboard for other successful soda taxes across the country, but there is little debate that the efforts will continue. In addition to those efforts already mentioned, the state of Alabama is considering a 1c-per-oz tax on sugary beverages to help fund Medicaid, with renewed efforts for a 1c tax also under way in Illinois. All this comes as U.S. soda consumption has declined for 11 consecutive years through 2015. FBN - Ron Sterk CONFIDENCE. It's our vital ingredient for success and longevity. Whether you're a food technologist, purchaser or marketing professional - L.V. Lomas is determined to find the best solutions that suit your business expectations. With decades in distribution under our belt, we're utilizing all the knowledge we've cultivated in Canada and offering it to the U.S. market. We're confident that L.V. Lomas and our Principal Partners can provide solutions to your most creative and difficult product design challenges. Join us this year at IFT. 844 458 7111 Premium Ingredients. Custom Solutions. Booth #2980 FOODBUSINESS NEWS ® 15

Table of Contents for the Digital Edition of Food Business News - June 28, 2016

Food Business News - June 28, 2016
What will Brexit mean for U.K. food and agriculture?
Obesity rate rises as sweetener use declines
Beverage Business News - Protein on trend in R.-T.-D. beverages
Table of Contents
Web Contents
Editorial - Market fragmentation intensifies C.P.G., retail competition
Coca-Cola invests in organic aloe water beverage maker
Dunkin’ Donuts evolves with expansion of beverage portfolio
Philadelphia passes tax on caloric, diet beverages
Post said to be considering combining with Lamb Weston
Teasdale adds to private label portfolio with purchase of Mesa Foods
CVS to expand selection of healthier foods, will add to private label line
Monster moving beyond energy beverages with debut of Mutant, Hydro
Coca-Cola changing its soft drink strategy to focus on ‘shaping choice
McDonald’s to relocate corporate headquarters
Smucker earnings soar on coffee sales, pet food acquisition
A squeeze on pectin
Picking out pectin alternatives
Kellogg launches $100 million venture capital fund
Kellogg adds Pure Organic to Kashi portfolio
TreeHouse Foods profiles the changing private label consumer
Martha Stewart enters meal kit market with delivery subscription service
B&G Foods ready to ‘fight back’ in frozen food aisle
Washington - Audit finds F.D.A. must improve food recall process
Snack Trends - Key trends unveiled at Sweets & Snacks 2016
Crispy, convenient and gluten-free
When gluten-free orders get serious
Company profile - WhiteWave Foods eyeing $3 billion in additional U.S. plant-based foods sales
WhiteWave’s Earthbound Farm brand set to soar in fresh and frozen
Industry Images - Record attendance at 2016 Purchasing Seminar
New Food Products
Ingredient Market Trends - Post-eleventh hour compromise on G.M.O. labeling
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - June 28, 2016