Food Business News - February 24, 2015 - (Page 32)

TreeHouse Foods expressed guarded optimism about its Flagstone Foods business in the wake of rising tree nut prices. for pedal to the metal acceleration, must acceleration now shift into overdrive for sustained momentum over the long haul," he said. "As we venture forth into 2015, our growth plans are predicated upon private label expansion, customer brand innovation and consumer stratification. Taken as a whole, these factors spell opportunity for TreeHouse albeit at lower margins as private label growth in retail channels exceeds that of brands and household penetration expands to middle-class families seeking greater value in single-serve beverages." Mr. Reed also pulled back on the company's expectations for its Flagstone Foods snacks business. "Our outlook for healthy snacks is now more guarded than before the holidays," he said. "As a consequence, our expansion will proceed at a slower pace than originally foreseen. We now must, as we have in virtually all of our dozen acquisitions, revise our initial business plans in pursuit of growth, profits and category leadership." To address the price increases in tree nuts, the company plans to vary nut combinations in specific products and refine packaging and merchandising around the perimeter of retail formats to drive impulse buys. "The one factor here that was extraordinary was the effect of the drought on the almond crop in California," Mr. Reed said. "(It) was far beyond the expectations of anyone in the marketplace. But now that we know what to expect we will adjust to that. I think you'll see us move quite quickly here." In his prepared remarks, Mr. Reed called 2014 an extraordinary year of strategic progress and operational advance marred by unforeseen events at the year's end. "It is also my view that in 2015 TreeHouse will once again overcome adversity and perform to our highest standards in all respects," he said. FBN Kraft cleans up Capri Sun NORTHFIELD, ILL. - Kraft Foods Group has replaced the high-fructose corn syrup in original Capri Sun juice drinks with sugar. With the reformulation comes a new product claim of 35% less sugar than other leading juice drinks. The company also is removing the artificial sweetener sucralose from the brand's Roarin' Waters line of flavored water beverages and replacing the ingredient with stevia leaf extract. The reformulated products will roll out over the coming weeks in grocery stores, mass merchandisers, club and drug retail locations nationwide, a spokesperson from Kraft confirmed. The new benefits will be communicated on the packaging. Kraft has been actively removing undesirable ingredients from many products within its stable of brands. In the past two years, the company has relaunched its Philadelphia cream cheese line without artificial ingredients, eliminated artificial dyes from its shaped macaroni and cheese and removed artificial preservatives from select Kraft Singles sliced cheese. FBN NUTRITIONAL LABELING Perhaps we're the MISSING PIECE to your testing plan. YOUR TRUSTED SOLUTION PROVIDER 32 FOODBUSINESS NEWS ® February 24, 2015

Table of Contents for the Digital Edition of Food Business News - February 24, 2015

Food Business News - February 24, 2015
General Mills accepts the C.P.G. challenge
Gluten-free front and center
Mexican trade rift looms over Sweetener Colloquium
Table of Contents
Web Contents
Editorial - Subscription models may offer unique marketing opportunities
Confectionery companies switching to simpler ingredients
McCormick to acquire Italian spices and seasonings company
Mondelez has big plans to grow small platforms
WhiteWave Foods ‘busting at the seams'
More c-suite change at Kraft Foods
Keurig in transition
Mondelez acquires Enjoy Life Foods
Innovation paying for PepsiCo
TreeHouse Foods trims expectations
Kraft cleans up Capri Sun
Washington - Federal bills seek to mandate G.M.O. food labeling
Company Profile - Dr Pepper Snapple Group seizing opportunities
Capitalizing on R.C.I.
Ingredient Innovations - Clean label starches get tougher
Are clean labels and G.M.O. ingredients compatible?
More clean label ingredient opportunities
Dairy Business News - Yogurt, the next generation
New Food Products
Ingredient Market Trends - Belt-tightening time for U.S. agriculture in 2015-16
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - February 24, 2015