Milling & Baking News - December 9, 2014 - 8

Late News

WEEK OF DECEMBER 9

Continued from Page 1

Canada, an exporter
of soft winter wheat
to the United States,
raised its estimate for
its 2014 crop. Canada's
new estimate for its
2014 winter wheat crop,
mostly soft red winter,
was 2,867,000 tonnes,
up 78,300 tonnes from
its September number
but down 24% from
3,786,000 tonnes
in 2013.

sales@mennel.com
www.mennel.com

8 / December 9, 2014

Milling & Baking News

facility in 2012, the increased
demand for our products has
warranted another expansion,"
said Joseph Zaleski, president
of Reading Bakery Systems,
which manufactures baking and
process systems for the global
baked snack food industry.

Olam to buy U.S.
peanut sheller
SINGAPORE - Olam International Ltd., an agri-business operating in 65 countries, has signed a
purchase agreement to acquire a
100% interest in Smithville, Ga.based McCleskey Mills, Inc. for
$176 million. McCleskey Mills is
the third largest peanut sheller in
the United States with a market
share of approximately 12% and
an annual capacity of approximately 250,000 farmer stock tons.
The company owns processing
facilities at two locations in Georgia, and owns or manages 20
buying points and farmer stock
storage assets at strategic locations in the Southeast region. The
company operates in the snack,
peanut butter and confectionery
space. The acquisition will make
Olam the only global player with
sourcing and peanut shelling operations in all key peanut origins
(United States, Argentina, India
and South Africa) and presence
in all main markets (European
Union, United States, China, India and Southeast Asia).

Heinzel to head DuPont
Nutrition & Health
WILMINGTON, DEL. - Matthias Heinzel has been named
president of DuPont Nutrition
& Health, effective Jan. 1, 2015.
He will succeed Craig
F. Binetti,
who is retiring following 38 years of
service to the company. Mr.
Heinzel joined DuPont in 2003
following prior leadership
roles in the telecommunications industry and at McKinsey & Company. He has held
several business leadership

roles in DuPont imaging technologies, authentication and
packaging graphics. In 2013 he
was appointed global business
director, enablers, DuPont Nutrition & Health, where he has
led business improvement.

World food prices
slip to new low
ROME - The F.A.O. Food
Price Index edged downward
in November, sliding to the
lowest level in four years. At
192.6 points, the index, compiled by the Food and Agriculture Organization of the
United Nations, was down
from 192.7 in October and
was the lowest since August
2010. The index is down 19%
from the August 2011 high of
238. The F.A.O. cereal price index rose 4.7 points in November to 183. Cereal prices were
still down 11.3 points (5.8%)
from a year earlier. The November cereal increase was the
first significant monthly gain
since March 2014. Falling in
value in the November global
index were dairy prices, down
3.4%, and sugar prices, down
3.2%. Vegetable oil prices were
higher for the month.

Corbion finalizes
leadership team
AMSTERDAM - Corbion n.v.
has completed its leadership
team, creating an executive committee to enhance the execution
of its updated strategy, "Disciplined Value Creation." The
committee will consist of: Tjerk
de Ruiter, chief executive officer
of Corbion; Eddy van Rhede
van der Kloot, chief financial
officer; Sven Thormählen, chief
technology officer; Andy Muller,
Biobased Ingredients; Marc den
Hartog, operations; and Johan
van der Hel, human resources.
Mr. Muller recently was tapped
with responsibility for the Biobased Ingredients business unit.
Mr. Muller since 2001 has held
senior roles in marketing and
sales within Sensient and DuPont Nutrition & Health. MBN
bakingbusiness.com / world-grain.com

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Milling & Baking News - December 9, 2014

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