Food Business News - March 26, 2013 - 1
March 26, 2013
FOODBUSINESS NEWS
www.foodbusinessnews.net
NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY
Hostess liquidation
winding down as
asset sales approved
IRVING, TEXAS — Hostess Brands, Inc.
said on March 20 that it has obtained bankruptcy court approval to sell the majority of
its snack cake business and the majority of
its bread business in separate transactions
totaling about $800 million in proceeds.
“We embarked on the sales process
with one overarching goal — to maximize value for all of the company’s stakeholders, and I am pleased to report that
we have been successful,” said Gregory
F. Rayburn, chairman and chief executive
officer of Hostess, Irving, Texas.
Hostess said Robert Drain, a U.S.
bankruptcy judge, approved the following transactions:
The acquisition by affiliates of Apollo
Continued on Page 10
Spreads
Adding life to a
staid category
Story on Page 38
Continental Grain urges
Smithfield Foods to split
SMITHFIELD, VA. — Continental Grain
Co., one of largest shareholders of Smithfield Foods, Inc., sent a letter on March 7 to
the company as well as the U.S. Securities
and Exchange Commission urging Smithfield to split into three independent companies in an effort to boost shareholder value.
Continental Grain recommended the
company split into separate hog production, fresh pork and packaged meats, and
international businesses in order to compete more effectively with Tyson, Hormel
and others.
“Since the current management took
over on Aug. 31, 2006, and through March
1, 2013, Smithfield stock has declined by
Continued on Page 20
Bloated sugar market
stirs political debate
he rhetoric between sweetener user
and sugar producer groups rose to
a fevered pitch the past two weeks
amid a published report that the U.S. Department of Agriculture may incur costs
upwards of $80 million this year to remove
surplus sugar from the U.S. market, which
prompted a letter from four U.S. senators
T
inquiring about the costs and about loans
to sugar producers. At the same time it was
indicated the sugar surplus in the United
States and Mexico may grow even larger
than currently estimated. Ironically, the
U.S. International Trade Commission last
week held its bi-annual hearing on the impact of sugar import restraints on the U.S.
economy, at which both sugar user and producer groups squared off.
While debate over the U.S. sugar program, which has existed since 1934 with the
latest iteration included in the 2008 farm
bill, has been going on for years, it intensified last year as the farm bill came up for
renewal. Congress was unable to complete
the farm bill in 2012 and instead extended
the current bill through September 2013.
The intensity built the past few months as
it became obvious sugar supplies in the
Continued on Page 26
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Food Business News - March 26, 2013
Table of Contents for the Digital Edition of Food Business News - March 26, 2013
Food Business News - March 26, 2013
Hostess liquidation winding down as asset sales approved
Continental Grain urges Smithfield Foods to split
Bloated sugar market stirs political debate
Table of Contents
Web Contents
Editorial - Reframing of good nutrition is a troubling trend
Diamond Foods facing significant headwinds
Wal-Mart won’t use private label to ‘pump up profit’
Kroger hits ‘huge home run’ with Simple Truth
ConAgra to expand Arkansas frozen foods plant
Shamrock Farms to build $50 million plant in Virginia
Saputo plans to close a Quebec cheese plant
Stonyfield changing name of Greek yogurt
Smithfield Packing to close Maryland plant
McDonald’s menu in 2013: Energy, excitement and innovations
Safeway pursues health and wellness leadership
Doctors’ letter to F.D.A. questions GRAS application to energy drinks
Sephora executive to lead marketing at Starbucks
Vegetables, pizza part of menu makeover at Cosi
Wendy’s testing flatbread product, pretzel burger
Judge upends New York City ban on large sugary beverages
Whole Foods unveils G.M.O. labeling initiative
Chiquita sizes up salad opportunities
House of Raeford exiting commodity turkey business
Washington - Critics of U.S.D.A's COOL proposal passionate, plentiful
Health and Wellness - Digestive health category remains robust
Ingredient Innovations - Even sweet flavors may need masking
Dairy Business News - Variety dominates the spread category
New Food Products
Research Chefs Association photo highlights
Ingredient Market Trends - A.A.F.C. forecasts record Canadian canola crop in 2013
Ingredient Markets
Supplier Innovations and News
Classifieds
Marketplace
Ad Index
Food Business in the News
Food Business News - March 26, 2013 - Bloated sugar market stirs political debate
Food Business News - March 26, 2013 - 2
Food Business News - March 26, 2013 - 3
Food Business News - March 26, 2013 - Table of Contents
Food Business News - March 26, 2013 - 5
Food Business News - March 26, 2013 - Web Contents
Food Business News - March 26, 2013 - 7
Food Business News - March 26, 2013 - 8
Food Business News - March 26, 2013 - Editorial - Reframing of good nutrition is a troubling trend
Food Business News - March 26, 2013 - Diamond Foods facing significant headwinds
Food Business News - March 26, 2013 - 11
Food Business News - March 26, 2013 - Shamrock Farms to build $50 million plant in Virginia
Food Business News - March 26, 2013 - Smithfield Packing to close Maryland plant
Food Business News - March 26, 2013 - McDonald’s menu in 2013: Energy, excitement and innovations
Food Business News - March 26, 2013 - 15
Food Business News - March 26, 2013 - Safeway pursues health and wellness leadership
Food Business News - March 26, 2013 - 17
Food Business News - March 26, 2013 - Sephora executive to lead marketing at Starbucks
Food Business News - March 26, 2013 - Vegetables, pizza part of menu makeover at Cosi
Food Business News - March 26, 2013 - Wendy’s testing flatbread product, pretzel burger
Food Business News - March 26, 2013 - Whole Foods unveils G.M.O. labeling initiative
Food Business News - March 26, 2013 - Chiquita sizes up salad opportunities
Food Business News - March 26, 2013 - House of Raeford exiting commodity turkey business
Food Business News - March 26, 2013 - Washington - Critics of U.S.D.A's COOL proposal passionate, plentiful
Food Business News - March 26, 2013 - 25
Food Business News - March 26, 2013 - 26
Food Business News - March 26, 2013 - 27
Food Business News - March 26, 2013 - Health and Wellness - Digestive health category remains robust
Food Business News - March 26, 2013 - 29
Food Business News - March 26, 2013 - 30
Food Business News - March 26, 2013 - 31
Food Business News - March 26, 2013 - Ingredient Innovations - Even sweet flavors may need masking
Food Business News - March 26, 2013 - 33
Food Business News - March 26, 2013 - 34
Food Business News - March 26, 2013 - 35
Food Business News - March 26, 2013 - 36
Food Business News - March 26, 2013 - 37
Food Business News - March 26, 2013 - Dairy Business News - Variety dominates the spread category
Food Business News - March 26, 2013 - 39
Food Business News - March 26, 2013 - 40
Food Business News - March 26, 2013 - 41
Food Business News - March 26, 2013 - New Food Products
Food Business News - March 26, 2013 - 43
Food Business News - March 26, 2013 - 44
Food Business News - March 26, 2013 - Research Chefs Association photo highlights
Food Business News - March 26, 2013 - 46
Food Business News - March 26, 2013 - Ingredient Market Trends - A.A.F.C. forecasts record Canadian canola crop in 2013
Food Business News - March 26, 2013 - Ingredient Markets
Food Business News - March 26, 2013 - 49
Food Business News - March 26, 2013 - 50
Food Business News - March 26, 2013 - 51
Food Business News - March 26, 2013 - 52
Food Business News - March 26, 2013 - 53
Food Business News - March 26, 2013 - 54
Food Business News - March 26, 2013 - 55
Food Business News - March 26, 2013 - 56
Food Business News - March 26, 2013 - 57
Food Business News - March 26, 2013 - Supplier Innovations and News
Food Business News - March 26, 2013 - 59
Food Business News - March 26, 2013 - 60
Food Business News - March 26, 2013 - Classifieds
Food Business News - March 26, 2013 - 62
Food Business News - March 26, 2013 - Marketplace
Food Business News - March 26, 2013 - 64
Food Business News - March 26, 2013 - Ad Index
Food Business News - March 26, 2013 - Food Business in the News
Food Business News - March 26, 2013 - 67
Food Business News - March 26, 2013 - 68
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