Food Business News - May 10, 2011 - (Page 1)

May 10, 2011 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Study associates low sodium intake with higher mortality WASHINGTON — Lower sodium excretion was associated with higher cardiovascular disease mortality in a study of 3,681 white Europeans that was published on-line May 4 in The Journal of the American Medical Association. The Salt Institute, citing the study, called on government agencies to stop sodium reduction initiatives and said the recommendations on sodium in the Dietary Guidelines for Americans should be amended. “We now know conclusively that the U.S. government’s war on salt Continued on Page 36 Sudden crude oil decline creates murky energy outlook rior to the setback in crude oil prices last week that may have dampened bullish attitudes about the market, diesel fuel prices had reached 33-month highs and retail gasoline prices were at record spring levels heading into the key summer demand season. Uncertainty about the sustainability of last week’s crude oil price decline and the volatility it illustrated clouded previously bullish outlooks. The May 5 plunge of nearly $10 a barrel and the week’s drop of about $14 in nearby crude oil futures, due to global Continued on Page 30 Story on Page 26 P ConAgra Foods in hostile takeover bid for Ralcorp OMAHA, NEB. — ConAgra Foods, Inc. has made a proposal to acquire Ralcorp Holdings for about $4.9 billion plus the assumption of $2.5 billion in debt. The purchase price is approximately $86 per share in cash. “We believe this all-cash proposal is highly attractive to Ralcorp’s shareholders and a transformational growth opportunity for both companies,” said Gary Rodkin, chief executive officer of ConAgra Foods. “Ralcorp has made significant progress with its businesses, and we are excited about the prospect of building on its No. 1 position in private label and enhancing its iconic brands, like Post, in very important categories. “By combining our two businesses, we will create one of the top U.S. food companies with product offerings across a wide range of price points, categories and channels. Given our experience managing both private label and consumer branded operations, we are confident in our ability to provide the right focus and resources each business needs to succeed over the long term. We believe a collaborative process is a way to deliver great value to Continued on Page 18

Table of Contents for the Digital Edition of Food Business News - May 10, 2011

Food Business News - May 10, 2011
Study associates low sodium intake with higher mortality
Sudden crude oil decline creates murky energy outlook
ConAgra Foods in hostile takover bid for Ralcorp
Editorial -- Understanding the value of taste
Sosland Publishing to host 34th annual Purchasing Seminar
IFIC sees food price concerns on the rise
Local, regional claims appearing on more menus
Kraft unveils new look, products for SnackWell’s brand
Supervalu launching new national private label brand
Income for Dr Pepper Snapple up 28% in quarter
Heavier advertising spend, Easter timing boost Hershey profi ts
Air Delight to take fl ight in June
SunOpta sells frozen fruit assets to Fruvemex
Lactalis bids $4.92 billion to acquire Parmalat
Sara Lee to acquire sausage processor
Rians to acquire Marin French Cheese
Full-Fill to produce PAM for ConAgra Foods
Ralcorp earnings rise 78% in quarter
Pilgrim’s Pride records $121 million loss in fi rst quarter
YoCream launches Activia Frozen Yogurt
Sources of food-borne illness ranked
Higher margin products boost B&G earnings
F.D.A. issues two new food safety rules
Washington -- Strict food, beverage marketing guidelines proposed
Ingredient Innovations -- Marketing monk fruit
Lawsuit challenges HFCS advertising campaign
New Product Trends -- Packaging innovation propels product development
New Food Products -- McCormick For Chefs introducing reduced sodium rice mixes
New Food Products -- Skinny Cow brand enters confectionery segment
New Food Products -- Lance launches Cracker Creations
New Food Products -- Willow Bakery adds gluten-free mixes
New Food Products -- Mars to introduce Marathon Smart Stuff
New Food Products -- Frito-Lay, Tapatio Hot Sauce partner on new chips
New Food Products -- Farm Rich launches Stuffed Pretzel Bites
New Food Products -- Pepperidge Farms extends Milano line
INGREDIENT MARKET TRENDS -- Tour forecasts the smallest Kansas wheat crop since 1996
Ingredient Markets
Supplier Innovations and News -- Partnership to focus on nutraceutical gum
Supplier Innovations and News -- Technology helps produce meatless food
Supplier Innovations and News -- Danisco launches phytosterols sourced from pine
Supplier Innovations and News -- Texture analyzer saves time
Supplier Innovations and News -- LycoRed launches beta-carotene color
Supplier Innovations and News -- Xanthan gum ingredient enables secure supply
Supplier Innovations and News -- Stevia company selects sales team
Food Business in the News

Food Business News - May 10, 2011