Food Business News - May 6, 2014 - (Page 1)

May 6, 2014 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Chobani secures $750 million investment NEW BERLIN, N.Y. - Greek yogurt maker Chobani has secured $750 million in capital from the private investment firm TPG Capital. As part of the investment, TPG will have representation on Chobani's board of directors. Hamdi Ulukaya, the chief executive officer of Chobani, will serve as chairman of the board. "Chobani has experienced tremendous growth and leads one of the most exciting aisles in the supermarket," Mr. Ulukaya said. "This investment gives us additional resources to build on our momentum, fund our exciting new innovations and reach new people." In April, Chobani announced it was Continued on Page 13 Story on Page 41 Lighter back to school beverages ummer vacation is still a month or so out, but most beverage marketers already are thinking about the 2014-15 term, as new standards will go into effect dictating what foods and beverages may be sold in elementary and high schools across the country. The U.S. Department of Agriculture's Smart Snacks in School nutrition standards published last year are mandatory guidelines for all foods and beverages sold to students during the school day. The standards go into Continued on Page 46 S Legal battle looms in Vermont ith the state of Vermont on the cusp of passing a bill mandating the labeling of food and beverage products containing bioengineered ingredients, groups are aligning to test the constitutionality of the bill in court. The Vermont Senate passed the bill, H.B. W 112, by a vote of 28 to 2 on April 15, and the state's House of Representatives passed the bill as amended by the Senate on April 23 by a vote of 114 to 30. Labeling advocates were ecstatic, but the bill, whose requirements would take effect July 1, 2016, may face legal challenges. The Vermont bill also fueled food industry efforts to secure federal legislation asserting the authority of the U.S. Food and Drug Administration to determine under what conditions bioengineered foods might be required to carry a label and to preempt any labeling laws enacted by individual states. Mr. Shumlin left no doubt about his intent to sign H.B. 112. "I am proud of Vermont for being the first state in the nation to ensure that Vermonters will know what is in their food," the Continued on Page 28 ®

Table of Contents for the Digital Edition of Food Business News - May 6, 2014

Food Business News - May 6, 2014
Chobani secures $750 million investment
Legal battle looms in Vermont
Beverage Business News - Lighter back to school beverages
Table of Contents
Web Contents
Editorial - Using fear as a sales strategy is hurting the food and beverage industry
New products show promise for Hershey
Greg Creed to lead Yum!
Simple innovation winning at Burger King
Incidence of food borne illnesses remains steady
Single-cup coffee not losing steam
Mars mad about Hershey’s use of Malteser mark
Iconic brands ailing at Dr Pepper
Hain Celestial acquires Rudi’s Organic Bakery
Alliance tackles food waste with new toolkit
McDonald’s sees benefit in Taco Bell breakfast
Mini soft drinks, macro snacks pace PepsiCo innovation
More Hispanic ingredients poised for prime time
Packaging innovation seals TreeHouse soup deal
Market Insight - Trade rift shakes up sugar market
Company Profile - Kroger keeps pace with change
Health and Wellness - Dietary salt reduction associated with health benefits in U.K.
Ingredient Innovations - Sticking with PHOs?
Avoiding oily popcorn bags
Other avenues for omega-3 promotions
New Food Products
Ingredient Market Trends - Tour forecasts reflect a struggling hard winter wheat crop
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - May 6, 2014