Food Business News - May 2, 2017 - 1
May 2, 2017 | foodbusinessnews.net Protein beverages 2.0 CALIFIA FARMS STORY ON PAGE 35 IN THIS ISSUE BUSINESS 10 Dr Pepper Snapple rebuilding Bai 'one bottle at a time' Tyson acquiring AdvancePierre Foods, divesting other businesses 14 Danone 'under construction' as WhiteWave integration begins 29 Barley, millet make headway as whole grain sources SPRINGDALE, ARK. - Tyson Foods has entered into an agreement to acquire AdvancePierre Foods Holdings, Inc., Cincinnati, in a transaction valued at approximately $4.3 billion. AdvancePierre manufactures ready-to-eat sandwiches, entrees and snacks. Tyson Foods also said it has begun the process of divesting its Sara Lee frozen bakery, Kettle and Van's businesses. The three businesses manufacture items such as frozen desserts, waffles, breakfast bars and soups, sauces and sides. Any sale would include the Chef Pierre, Bistro Collection, Kettle Creations and Van's brands, a license to use the Sara Lee brand in various channels, as well as the company's Tarboro, N.C., Fort Worth, Texas, and Traverse City, Mich., prepared foods facilities, according to the company. The AdvancePierre transaction involves an offer of $40.25 per share in cash to the holders of AdvancePierre Foods stock. The offer price represents CONTINUED ON PAGE 12