Milling & Baking News - July 19, 2016 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS JULY 19, 2016 bakingbusiness.com / foodbusinessnews.net FOOD INGREDIENT SOLUTIONS® Signature Interview ADM chief says milling, other grain processing meet corporate goals O How do you want your whole grains? Taste, texture and color may vary based on sourcing and processing Story on Page 25 LATE NEWS House passes G.M.O. labeling bill WASHINGTON - The House of Representatives on July 14 passed by a vote of 306 to 117 a bill that establishes mandatory, nationwide labeling requirements for food products containing bioengineered ingredients. The Senate passed the bill by a 63 to 30 vote on July 7. The bill was sent to President Barack Obama for his signature. It was expected the president will sign the bill into law. The bill nullifies the Vermont mandatory G.M.O. labeling law that took effect July 1. The bill requires food manufacturers to disclose the presence of bioengineered ingredients in one of three ways: text on the package, a symbol on the package or a link to a web Continued on Page 8 ver the past two years, Archer Daniels Midland Co. has identified the flavor business and other sectors of the ingredient market as the most promising area for expansion and growth by the company. Still, Chicagobased ADM continues to find lucrative opportunities for enhancing its heritage grain processing and handling businesses, said Juan Luciano, the company's chairman and chief executive officer. Mr. Luciano discussed the company's processing businesses and his own background in a recent interview with Milling & Baking News. From the time he joined the company in 2011 as chief operating officer, Mr. Luciano has highlighted "operational excellence" across all of ADM's lines of businesses as a constant area of focus. Central to finding opportunities for achieving operational excellence has been the effort by Mr. Luciano to introduce a nuanced but meaningful shift in the company's institutional character. "At ADM there is an owner mindset that is very frugal - incredibly productive," he said. "My point, basically, was that just being frugal is like wanting to go to the Olympics and choosing to go on a diet. You may end up in the Olympics Continued on Page 20 Metropoulos, Toler see Hostess as highly profitable, set to expand KANSAS CITY - Calling Hostess Brands L.L.C. "one of the most profitable consumer businesses in the United States," C. Dean Metropoulos, executive chairman, said the business will be positioned going forward to expand both through organic growth and strategic acquisitions. In the wake of an announcement that Gores Group Holdings will acquire a majority stake of the sweet goods business, Hostess executives celebrated success achieved since 2013, when the company emerged from bankruptcy, and flexed their corporate muscle in describing how the company's structural advantages over competitors will enable future growth. The executives, together with leaders of Gores, offered their thoughts on the acquisition during a July 5 conference call. Under terms of the transaction, the current owners of Hostess, funds managed by affiliates of Apollo Global Management, L.L.C. and Mr. Metropoulos Continued on Page 12 http://www.bakingbusiness.com http://www.foodbusinessnews.net http://http://

Table of Contents for the Digital Edition of Milling & Baking News - July 19, 2016

Milling & Baking News - July 19, 2016
Signature Interview - ADM chief says milling, other grain processing meet corporate goals
Metropoulos, Toler see Hostess as highly profitable, set to expand
Late News - Houses pass G.M.O. labeling bill
Table of Contents
News Comment - Ultimate winner from new labeling law still to be seen
Editorial - Saudi offers new mix for milling
Late News
Business - Arbor raises $890 million for private equity and debt funds
Starbucks launches new foray in baking, investing in Princi
General Mills recalls consumer mixes and commercial flour
Krusteaz pancake mix recall tied to E. coli in General Mills flour
Bimbo installing biodigester at Hazleton sweet goods plant
ADM updates progress on energy, water and emissions goals
East Balt Bakeries high-speed baking plant opens in Rome
Bob’s Red Mill adds ‘Sourced Non-GMO Pledge’ to packaging
Bimbo Bakeries to halt operations at baking plant in Hastings
People - Joel Crowder retiring after 40-year career at Kroger
Flowers promotes Mary Krier and Chad Johnson to new roles in corporate relations
J.T. Rieck promoted to v.p. of investor relations at Flowers
Gordon Lane, president and c.o.o. of Briess Malt & Ingredients, to retire
Theresa Cogswell joins Corbion to lead bakery team
Reading Bakery hires Harakeh as sales manager for Middle East and Africa
At Dow Chemical, everything but agriculture
Food Ingredient Solutions - How do you want your whole grains?
Meta-analysis finds people who eat whole grains live longer
Sorghum Checkoff launches brand, web site
Cracker Update - Cracker makers seek to capture broader audience
Snack crackers for millennials
Washington - Trade trumped
Weather Outlook - High pressure ridge spreading across Corn Belt ‘ruffles’ traders
Education and Research - Allergy research group seeks food industry assistance
Data - Wheat forecast at 2,260 million bus; would be largest crop since 2008
Global Food Security Act gains congressional approval
International - Bunge and Wilmar to form joint venture in Vietnam
Barry Callebaut expands Cocoa Horizons program
Ingredient Market Trends - Wheat carryover forecast largest since 1988
Ingredient Week
Supplier Innovations
Classifieds
Marketplace Business Network
Ad Index

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