Food Business News - April 22, 2014 - (Page 1)

April 22, 2014 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY The Hispanic market: Post to buy Michael Foods for $2.45 billion ST. LOUIS - The buying binge continues for Post Holdings, Inc., which has agreed to acquire Michael Foods Group, Inc., a producer and distributor of eggs, potatoes and dairy products, for $2.45 billion from affiliates of GS Capital Partners, affiliates of Thomas H. Lee Partners and other owners. The deal represents the largest transaction to date for Post, which has steadily padded its portfolio over the past year with such products as protein bars, peanut butter and pasta. In February, Post agreed to acquire the PowerBar and Musashi brands and related worldwide assets from Nestle S.A., Vevey, Switzerland. Financial terms of Continued on Page 12 Tantalizing but tricky 53 MILLION PEOPLE 17% OF THE POPULATION I TRILLION IN BUYING POWER Story on Page 14 Probiotics and prebiotics: The future is now t has been more than a decade since the International Scientific Association for Probiotics and Prebiotics was formed with the intent to elevate scientific credibility of the field so marketers may put the beneficial ingredients into action in the consumer packaged goods industry. The group has been successful in their efforts while the food industry has been a bit slower than expected to embrace the discipline. Still, suppliers are optimistic business will continue to grow despite a variety of roadblocks. Probiotics are live microorganisms, which Continued on Page 48 $1.2 Congress to consider G.M.O. labeling bill rower and food industry associations have voiced support for a bill introduced in the House of Representatives on April 9 by Representatives Mike Pompeo of Kansas, a Republican, and G.K. Butterfield of North Carolina, a Democrat, that aims to establish federal G standards for the labeling of bioengineered foods. The bill, the Safe and Accurate Food Labeling Act of 2014, (H.R. 4432), would prevent individual states from passing legislation requiring the labeling of food and beverage products that contain bioengineered ingredients. It would ensure that the Food and Drug Administration has the sole authority to determine under what conditions a bioengineered food may be required to carry a label. And it would establish requirements with regard to manufacturers making claims regarding the presence or absence of bioengineered ingredients in their products. Joining Mr. Pompeo and Mr. Butterfield in sponsoring the bill were Representatives Jim Matheson of Utah, Marsha Blackburn of Texas and Ed Whitfield of Kentucky. All Continued on Page 34 ®

Table of Contents for the Digital Edition of Food Business News - April 22, 2014

Food Business News - April 22, 2014
Post to buy Michael Foods for $2.45 billion
Congress to consider G.M.O. labeling bill
Dairy Business News - Probiotics and prebiotics: The future is now
Table of Contents
Web Contents
Editorial - Retailers looking beyond value
B&G Foods bags another acquisition
The Hispanic market: Tantalizing but tricky
Oatmeal coming to Keurig brewers
Heartland Food Products expanding drink mix plant
Restaurants winging it with chicken
Beef prices reach 27-year high
Protein trend may be here to stay
Coca-Cola unshaken by soft drink sales decline
General Mills defends G.M.O.s in responsibility report
Unilever c.e.o. calls for action on climate change
Private equity firm acquires school meal distributor
Wal-Mart with Wild Oats to offer value-priced organic foods
Target adding products ‘Made to Matter’
Free-from foods moving into the mainstream
Hillshire Brands closing breakfast sandwich plant
GRAS under fire
F.D.A. proposes labeling guideline for honey
Market Insight - Demand driving dairy prices
Health and Wellness - No refrigeration required
Ingredient Innovations - More fiber may be required
Report forecasts 10.4% growth for dietary fiber
The Research Chefs Association
New Food Products
Ingredient Market Trends - U.S. soybean supply: poverty in the midst of plenty
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - April 22, 2014