Food Business News - May 8, 2012 - (Page 1)

FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY May 8, 2012 ® Louis Dreyfus Commodities to buy Imperial Sugar SUGAR LAND, TEXAS — The Imperial Sugar Co. and Louis Dreyfus Commodities L.L.C., Wilton, Conn., have signed a definitive agreement under which a subsidiary of Louis Dreyfus will acquire Imperial through a cash tender offer and second step merger at $6.35 per share. The proposed transaction has been unanimously approved by Imperial’s board, which will recommend it to shareholders, the company said May 1. The all-cash transaction represents a value of about $203 million, including the assumption of debt and pension liabilities, Imperial said. The $6.35 per share Continued on Page 12 Story on Page 30 Organic food sales increase more than 9% in 2011 WASHINGTON — The organic industry showed signs of breaking free from the effects of the recession in 2011. U.S. organic food sales of $29.2 billion in 2011 marked an increase of more than 9% from $26.7 billion in 2010, according to the Organic Trade Association’s 2012 Or-ganic Industry Survey released April 23. Organic food share grew to 4.2% of total food sales in 2011, which was up from 4% in 2010 and compared with 1.4% in 2001. U.S. organic food sales had annual double-digit sales growth from the years 2002 to 2008 before slipping to 5% Continued on Page 25 Weather outlook trending toward ‘normal’ NOAA outlook calls for near normal temperatures across much of the Midwest lthough most would agree normal weather is a mathematical average of measurements that include both high and low extremes, and there is no normal growing season, analysts still make forecasts based on normal weather. If U.S. growers were ever to experience a normal growing season, what would it be like? A Could this be the year? The National Oceanic and Atmospheric Administration (NOAA) outlook calls for near normal temperatures across much of the Midwest and warmer-than-normal weather in the South and West. “I think this summer will be a lot like last year with some hot spells,” said David Salmon, president of Weather Derivatives, a Belton, Mo.-based commodity weather service. “Not a perfect crop year, but not a disaster either.” U.S. agriculture certainly isn’t coming off a normal 2011, or even a normal winter. Last year saw extreme drought across the Southern Plains and average temperatures this March that were the warmest on record by several degrees in many areas. The mild winter had both positive and negative effects on crops and pasture, with the Continued on Page 28

Table of Contents for the Digital Edition of Food Business News - May 8, 2012

Food Business News - May 8, 2012
Louis Dreyfus Commodities to buy Imperial Sugar
Organic food sales increase more than 9% in 2011
Weather outlook trending toward ‘normal’
Table of Contents
Web Contents
Editorial - Food’s strength at retail becoming more apparent
Rick Carucci promoted to president of Yum! Brands
‘Dynamic’ emerging markets boost Nestle sales
With slower growth ahead, Green Mountain Coffee shares plunge despite earnings spike
Oklahoma investor group acquires Dippin’ Dots
DuPont acquires full ownership of Solae L.L.C.
NPD: Private label food purchases up, but satisfaction down
Higher prices, cost cutting boost Hershey profit
Cal-Maine and Eggland in specialty egg j.v.
Private equity firm to acquire P.F. Chang’s
Restaurant Performance Index continues ascent
Pepsico revenue grows behind pricing initiatives
Nestle to acquire Pfizer Nutrition infant formula business
Coca-Cola denies interest in Monster Beverage
Study links sports, energy drinks with damage to teeth
Discipline delivers positive earnings for Pilgrim’s Pride
B&G Foods income climbs 26% in quarter
Landec acquires green bean processor
Market Insight - Weather outlook trending toward 'normal'
Washington - Nanotechnology
Ingredient Innovations - Sweeteners surge
Clean Label - Looking beyond clean, simple labels
New Food Products
Ingredient Market Trends
Ingredient Markets
Supplier Innovations and News
Ad Index
Supplier Innovations and News

Food Business News - May 8, 2012