Food Business News - June 28, 2016 - (Page 95)

Supplier Innovations and News Biorigin to present new yeast extracts at I.F.T. Brazil-based Biorigin plans to present its new Bionis yeast extract at the Institute of Food Technologists Annual Meeting and Food Expo, held July 16-19 in Chicago. At its booth (#612), the company will be sampling Grissini Italian-style breadsticks featuring the new high nucleotide Bionis YE HN 12 yeast extract, which, according to Biorigin, brings out a clean taste profile and enhances the umami effect. At I.F.T.'s Taste the Expo program, Biorigin will present Brazilian Carolina Sweets filled with dulce de leche with Bionis YE DRK, a dark yeast extract that provides a robust and roasted taste and brings out caramel notes, the company said. Biorigin also will be highlighting its other clean label, non-G.M.O. and sustainable solutions of yeast extracts, yeast derivatives and natural flavors at the show. All Biorigin ingredients are certified ISO 9001 and FSSC 22000, HACCP, kosher and halal, and have full traceability. Visit: Ventura Foods to buy Cargill dressings, sauces and mayonnaise business Ventura Foods has agreed to acquire the dressings, sauces and mayonnaise (DSM) business of Cargill. Financial terms of the transaction were not disclosed. Cargill DSM makes products such as mayonnaise, tartar sauce, flavored dressings and sauces for national food service companies and distributors. The business operates from one standalone facility in Port St. Lucie, Fla., and two facilities integrated within the broader operations of Cargill's Fats & Oils Group in Gainesville, Ga., and Sidney, Ohio. Ventura Foods' acquisition includes Cargill's Port St. June 28, 2016 Lucie facility as well as the DSM assets at its Sidney and Gainesville facilities. Cargill will retain ownership of both the Sidney and Gainesville plants, where it will continue to own and operate its North American Fats & Oils business. Cargill's DSM assets from Sidney and Gainesville will be relocated to Ventura Foods' facilities in Chambersburg, Pa., and Fort Worth, Texas, the companies said. Additionally, Cargill will provide contract manufacturing services for 15 to 18 months to Ventura Foods to ensure continuity for its customers and a smooth transition to Ventura Foods. Ventura Foods makes custom and proprietary dressings, sauces, mayonnaises, oils and other flavorings. In addition to its proprietary products made for customers, Ventura Foods' consumer brands available at retail include Marie's dressings, LouAna oils, Dean's dips and Gold n' Soft spreads. "The acquisition of Cargill's DSM business furthers Ventura Foods' strategy to grow, strengthen and diversify," said Chris Furman, president and chief executive officer of Ventura Foods. "It adds greater depth to our already strong capabilities and another platform for innovation. We are highly confident in our ability to successfully integrate this important business and look forward to continuing the excellent work of Cargill's DSM team." Following the sale of the business, Cargill said it will continue to produce and market a variety of oil and shortenings products. Cargill supplies salad and cooking oils, high stability oils, omega-3 fatty acid oils, frying oils and shortenings; cake and icing shortenings, confectionery and specialty fats; and tortilla shortenings. "We remain very committed to being a leading provider of oils and shortening to North American consumer package goods companies, retailers, food service companies and food distributors," said Gonzalo Petschen, North American regional managing director for Cargill Fats & Oils. "The sale of our DSM business will allow us to operate more efficiently, and bring more and better offerings and services to our customers." Earlier this year, Ventura Foods completed the acquisition of the sauces and condiments business of Etobicoke, Ont.-based Wing's Food Products. The business became Ventura Foods Canada and now operates as a whollyowned subsidiary. Visit: FOODBUSINESS NEWS ® 95

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