Food Business News - April 8, 2014 - (Page 1)

April 8, 2014 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Breakfast boom benefitting Michael Foods MINNETONKA, MINN. - More players are entering the breakfast segment, including Taco Bell last month, and Michael Foods Group, Inc. is toasting to the trend. The producer and distributor of egg, potato and dairy products said the breakfast category is growing faster than any other segment in the fast-food space. "We're very excited about a couple of the new people who stepped into breakfast and also the broadening of offerings we are seeing," said Jim Dwyer, chairman and chief executive officer, during a March 21 earnings call with analysts. "We're seeing people broaden their menu offerings, and we have been bringing a variety of new pre-cooked products to Continued on Page 24 Flowers Foods blossoming aving acquired most of the bread assets of Hostess Brands in 2013, Flowers Foods, Inc. is well positioned for profitable growth in the future, top executives of the company recently said. At the same time, they cautioned that it may be late in 2014 when the benefits of its dramatic recent expansion become more fully evident in the company's financial results. A thorough look at Flowers and its prospects was presented March 20 at the company's annual analysts event at the New York Stock Exchange. The presentation came not long after Flowers released results for 2013, a period Continued on Page 30 H the beverage business Story on Page 43 Industry balks at F.D.A.'s trans fat proposal he food industry is urging the Food and Drug Administration to withdraw its "tentative determination" that partially hydrogenated oils (PHOs) should no longer be "generally recognized as safe (GRAS)." Food industry associations and individual companies, T while supportive of the goal of the F.D.A. to further reduce trans fat in the diet, suggested there were other less disruptive and more effective approaches to accomplish the same end. The F.D.A. in a Nov. 8, 2013, notice in the Federal Register requested comments on the agency's tentative determination that PHOs are not GRAS for any use in food based on current scientific evidence, and therefore are subject to regulation as food additives. The comment period initially was set to expire on Jan. 7, 2014, but it was extended to March 8 at the request of stakeholders. Partially hydrogenated oils are the primary dietary source of industrially produced trans fat in the diet. Trans fat occurs naturally in low levels in meat and dairy Continued on Page 28 ®

Table of Contents for the Digital Edition of Food Business News - April 8, 2014

Food Business News - April 8, 2014