Food Business News - July 1, 2014 - (Page 1)

July 1, 2014 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY General Mills picking up the pace MINNEAPOLIS - While the top-line news about General Mills may focus on its sluggish financial results for fiscal 2014 and its announced infrastructure review to manage costs through improved efficiencies and capacity reduction, the changes taking place in its North America management structure are significant. The company recognizes the North American food and beverage industry is changing rapidly and it is trying to keep pace. In May, Jeff Harmening was named chief operating officer of General Mills' retail segment. David Clark now leads the Yoplait division. Mr. Clark changed places with Becky O'Grady, who is now Continued on Page 12 Raise your glass to protein rotein has muscled its way to the package front, with many consumers seeking products containing noteworthy amounts of the macro nutrient associated with controlling blood sugar, managing weight, building muscle and more. Sixty-two per cent of consumers said they are "making a point of getting enough protein" from the foods and beverages they consume, according to a new report by Packaged Facts, Rockville, Md., titled "Proteins - Classic, alternative and Continued on Page 52 P Story on Page 28 A growing tree In looking for growth through acquisitions, TreeHouse has plenty of experience hat's next at TreeHouse Foods, Inc.? Interest in the suburban Chicago-based company's next moves has been high in the weeks since TreeHouse's top executive told investment analysts the company had the financing and the interest to make significant moves in merger and acquisition markets. If the company emerges W as a major buyer, TreeHouse will be building on a series of earlier transactions that have transformed the business in its relatively short 10-year history. In early May, the company detailed a $1.2 billion financing structure that included a new $900 million unsecured revolving credit facility together with a $300 million seven-year loan. Sam K. Reed, chairman, president and chief executive officer, said the financing reflected a fundamentally different environment for the merger and acquisition market. "I think that the market is characterized by, one, a continuation of readily available funding for deals of practically any size, and what is different now than we've had in earlier periods when money was also relatively cheap, is that we are seeing more sellers come to the marketplace and in a greater variety," Mr. Reed said. "There are private Continued on Page 39 ®

Table of Contents for the Digital Edition of Food Business News - July 1, 2014

Food Business News - July 1, 2014
General Mills picking up the pace
A growing tree
Beverage Business News - Raise your glass to protein
Table of Contents
Web Contents
Editorial - Deal-making record in food industry
Crunch time at ConAgra Foods
Hillshire Brands one step closer to merging with Tyson Foods
Chipotle raises local produce goal
B&G Foods sees opportunity on-line
Keurig chooses Atlanta for cold pod production plant
The next big menu trends
Noodles & Co. delving into dinner
Wal-Mart considering drive-thru concept
Supreme Court rules POM may sue Coca-Cola
Washington - School nutrition debate continues to rage
House considers ag bill with controversial school lunch program provision
Market Insight - Putting the sweetener debate into context
I.F.T. Show Report - Tracking the issues and trends that are driving the food and beverage business
Reduction strategies vary
Winning millennials with innovation
Engaging the food evangelists
Innovators honored by the I.F.T.
Ingredient Innovations - Sweetener options to chew on
Health and Wellness - Blood glucose management a focus at I.F.T.
New Food Products
Ingredient Market Trends - I.G.C. raises global wheat production, carryover forecasts
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - July 1, 2014