Food Business News - May 20, 2014 - (Page 1)

May 20, 2014 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Hillshire Brands to acquire Pinnacle Foods CHICAGO - The Hillshire Brands Co. has extended its reach in the center of the grocery store with the announcement it has signed an agreement to acquire the Pinnacle Foods Group, Parsippany, N.J., in a deal valued at approximately $6.6 billion. "The combination of Hillshire Brands and Pinnacle Foods brings together two highly complementary organizations with strong brands, skilled employees and lean cost structures," said Sean Connolly, president and chief executive officer of Hillshire Brands. "The acquisition creates a leading branded food company with enhanced scale, reach, and capabilities Continued on Page 14 Story on Page 38 Building a better yogurt ogurt made national headlines the first week in May when the New York State Senate passed a bill to make yogurt the official state snack. The legislation was debated for nearly three-quarters of an hour, with senators mulling the distinction between snacks and meals and whether only New Yorkmade yogurt would qualify. The frivolous dialogue provided fodder for late-night talk show hosts Jon Stewart and David Letterman, with Mr. Stewart describing the deliberations as "maybe the best Continued on Page 48 Y Is the worst yet to come for U.S. pork? s the first anniversary of the identification of porcine epidemic diarrhea virus (PEDv) in the United States passed in mid-May, the disease has caused more widespread havoc than many expected. The disease is rampant in the United States where it is A thought to have infected about half of all hog herds, but also has been detected in Canada, Mexico, Japan and South Korea. While it may be hoped the worst effects of the disease are in the past, no such guarantee exists in part because currently there is no vaccine for the virus. An estimated seven million young hogs have died from PEDv in the past year, according to industry estimates, equal to 6% of the annual pig crop of about 116 million and more than 10% of the total U.S. March 1 hog inventory of 63 million. PEDv has been confirmed in 30 states and accelerated early in 2014, the U.S. Department of Agriculture said. With the lack of a vaccine, the pork industry is combating the disease through enhanced biosecurity measures, care of affected Continued on Page 36 ®

Table of Contents for the Digital Edition of Food Business News - May 20, 2014

Food Business News - May 20, 2014
Hillshire Brands to acquire Pinnacle Foods
Is the worst yet to come for U.S. pork?
Late News - Building a better yogurt
Table of Contents
Web Contents
Editorial - Gluten-free as a sign of powerful force
B&G c.e.o.: ‘You cannot stand still in snacks’
Former Papa John’s president to lead Krispy Kreme
Hillshire to expand Van’s healthy halo
Kellogg, Marie Callender’s Pie Shops under fire for ‘all natural’ claims
G.M.A. plans to sue Vermont over G.M.O. labeling law
SodaStream sales slide in the United States
Five trends to shape PepsiCo’s ‘new normal'
Coca-Cola to increase stake in Keurig Green Mountain
TreeHouse on the lookout for acquisitions
Aldi launches gluten-free product line
Kraft c.e.o. still tepid on food and beverage demand
Pilgrim’s Pride profit rises on operational improvements
Post Holdings challenged by rapid expansion
Mondelez, D.E Master combining coffee businesses
Washington - The challenge of climate change
Health and Wellness - Renovation as innovation
Ingredient ‘avoiders’ influencing product development
Ingredient Innovations - Fiber, protein as weight management options
New Food Products
Ingredient Market Trends - Imports shore up wheat and soybean balance sheets
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - May 20, 2014