Food Business News - January 15, 2013 - 1
FOODBUSINESSNEWS
January 15, 2013
NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY
Hormel Foods may let
Extreme makeover:
Skippy out of the jar
AUSTIN, MINN. — Domestic innovation
opportunities combined with international
market expansion are at
the heart of the strategic fit Hormel
Foods sees in adding the Skippy brand
of peanut butter to its product portfolio.
Hormel announced Jan. 3 an agreement
with Unilever to acquire the
Skippy brand for $700 million.
“We feel this transaction will enhance
our balanced business model in
a number of ways,” said Jeffrey M. Ettinger,
chairman, president and chief
executive offi cer, of Hormel Foods, in a
conference call with fi nancial analysts.
“First, it adds a signifi cant and valuable
new franchise to two of our reporting
Continued on Page 15
Beverage texture:
growing challenge
age consistency. But for the most part,
many consumers don’t think about a
beverage’s texture or mouthfeel unless it
is offensive, which may be the case with
too much pulp, or a gritty smoothie or
slimy milk.
P
Managing texture and mouthfeel is
particularly challenging in better-foryou
beverages, such as those reduced in
fat or sugar, or enhanced with nutrients
such as fi ber, protein, vitamins and minerals.
Consumers expect nutritionally
adjusted beverages to deliver the same
Continued on Page 31
ulp or no pulp? The pulp option in
orange juice indi cates consumers
do have preferences about bever-
Market conditions keep lid
on corn sweetener prices
orn refi ners found securing price
increases for 2013 contracts for
their various corn sweetener products
an uphill battle over the past few
weeks, not because of the long-running
debate about health concerns or nomenclature
but because of market conditions
C
for their primary competitor — sugar.
Much of the business for corn sweetener
products — 42% and 55% high-fructose
corn syrup, regular corn syrup, dextrose
and others — is done on an annual contract
basis. A number of corn refi ners send
letters with initial offering prices to potential
buyers early in the fall and the negotiating
period begins. While dates and times
may vary year-to-year based mostly on
market conditions, both buyers and sellers
generally hope to have new contracts
completed before the Christmas break.
For the most part, that timing played out
this year, but the pricing aspect hit some
bumps along the way.
Corn refi ners sought price increases of
about 4¼c a lb from 2012 contracted levels
in their initial offer letters last fall. That
Continued on Page 22
FOOD
SAFETY
edition
An inside look at the F.D.A.’s
sweeping proposal
Story on Page 18
®
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Food Business News - January 15, 2013
Table of Contents for the Digital Edition of Food Business News - January 15, 2013
Food Business News - January 15, 2013
Hormel Foods may let Skippy out of the jar
Beverage texture: growing challenge
Market conditions keep lid on corn sweetener prices
Table of Contents
Web Contents
Editorial - Food safety déjà vu
JBS to acquire Canadian meat processing operations of XL Foods
Bioengineered labeling bill proposed in New Mexico
New name, location for Smart Balance
Heat, extreme weather defined 2012
Leaders of the snack pack highlighted in report
Sunland gets partial go ahead to operate from F.D.A.
Technomic: Healthy eating changes shape
Employees at Pinnacle Foods plant vote to strike
Smith Dairy taps new president
Innophos acquires Triarco Industries for $46 million
Butterball acquires Illinois pork processor
Inventure to produce Vidalia branded snacks
Target takes aim at groceries in new national ad campaign
Hillshire Brands hires corporate strategy leader
Acquisition expands Agropur’s ingredient portfolio
Consortium to acquire banners from Supervalu
Color, graphics may enhance nutrition data comprehension
Drought, acquisitions hamper Cal-Maine earnings
Alternative dairy beverage market is growing
Organic Avenue sells controlling interest to investment firm
Restaurant operator identifies conflicting market challenges
Washington - Extreme makeover: Food Safety edition
Farm-to-table F.D.A. extends preventive approach to food safety to the farm
Flavors - Ethnic flavors remain on trend
Ingredient Innovations - Starches for simple solutions
New starch works with coatings, baked foods
New Food Products
Ingredient Market Trends - Winter wheat seedings up just 1% from 2012
Ingredient Markets
Supplier Innovations and News
Classifieds
Marketplace
Ad Index
Food Business in the News
Food Business News - January 15, 2013 - Market conditions keep lid on corn sweetener prices
Food Business News - January 15, 2013 - 2
Food Business News - January 15, 2013 - 3
Food Business News - January 15, 2013 - Table of Contents
Food Business News - January 15, 2013 - 5
Food Business News - January 15, 2013 - Web Contents
Food Business News - January 15, 2013 - 7
Food Business News - January 15, 2013 - 8
Food Business News - January 15, 2013 - Editorial - Food safety déjà vu
Food Business News - January 15, 2013 - New name, location for Smart Balance
Food Business News - January 15, 2013 - Leaders of the snack pack highlighted in report
Food Business News - January 15, 2013 - Innophos acquires Triarco Industries for $46 million
Food Business News - January 15, 2013 - Acquisition expands Agropur’s ingredient portfolio
Food Business News - January 15, 2013 - Drought, acquisitions hamper Cal-Maine earnings
Food Business News - January 15, 2013 - 15
Food Business News - January 15, 2013 - Organic Avenue sells controlling interest to investment firm
Food Business News - January 15, 2013 - Washington - Extreme makeover: Food Safety edition
Food Business News - January 15, 2013 - 18
Food Business News - January 15, 2013 - Farm-to-table F.D.A. extends preventive approach to food safety to the farm
Food Business News - January 15, 2013 - 20
Food Business News - January 15, 2013 - 21
Food Business News - January 15, 2013 - 22
Food Business News - January 15, 2013 - 23
Food Business News - January 15, 2013 - Flavors - Ethnic flavors remain on trend
Food Business News - January 15, 2013 - 25
Food Business News - January 15, 2013 - Ingredient Innovations - Starches for simple solutions
Food Business News - January 15, 2013 - 27
Food Business News - January 15, 2013 - New starch works with coatings, baked foods
Food Business News - January 15, 2013 - 29
Food Business News - January 15, 2013 - 30
Food Business News - January 15, 2013 - 31
Food Business News - January 15, 2013 - 32
Food Business News - January 15, 2013 - New Food Products
Food Business News - January 15, 2013 - 34
Food Business News - January 15, 2013 - 35
Food Business News - January 15, 2013 - 36
Food Business News - January 15, 2013 - Ingredient Market Trends - Winter wheat seedings up just 1% from 2012
Food Business News - January 15, 2013 - Ingredient Markets
Food Business News - January 15, 2013 - 39
Food Business News - January 15, 2013 - 40
Food Business News - January 15, 2013 - 41
Food Business News - January 15, 2013 - 42
Food Business News - January 15, 2013 - 43
Food Business News - January 15, 2013 - 44
Food Business News - January 15, 2013 - 45
Food Business News - January 15, 2013 - 46
Food Business News - January 15, 2013 - Supplier Innovations and News
Food Business News - January 15, 2013 - 48
Food Business News - January 15, 2013 - Classifieds
Food Business News - January 15, 2013 - 50
Food Business News - January 15, 2013 - Marketplace
Food Business News - January 15, 2013 - 52
Food Business News - January 15, 2013 - Ad Index
Food Business News - January 15, 2013 - Food Business in the News
Food Business News - January 15, 2013 - 55
Food Business News - January 15, 2013 - 56
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