Food Business News - February 23, 2016 - (Page 18)

is specially "positioned with gatekeeper mom." "Because of that it has an incremental place in our portfolio," he said. "It has a nice fit that is differentiated." Another growth opportunity appears to be meat snacks. On Jan. 6, General Mills acquired Epic Provisions, a meat snacks company that makes bars that are sold nationally in such retailers as Whole Foods Market, Sprouts Farmers Market and Natural Grocers. Mr. Harmening described Epic as a small business with tremendous potential. This past year General Mills launched 301 Inc., a business development venture capital firm designed to work with food and beverage ingredients custom blends innovation national distribution B.C. Williams Bakery Service BCW Food Products 1-800-527-4104 18 FOODBUSINESS NEWS ® industry startups. Mr. Harmening said it was through 301 Inc. that General Mills came into contact with Epic Provisions and eventually led to the acquisition. Mr. Powell said the development of 301 Inc. was in response to the increase of startups in the marketplace. "It's very important we have a way of seeing this explosion of activity at an earlier stage," he said. "Whereas in the past we may have been looking for a particular sales threshold, today it's good to see it earlier and see where it's turning off the shelf. That is an early indication of the power of an idea. It gives us the ability to see the little jewels, to see those businesses with real potential." FBN MONDELEZ 'Lines of the Future' steadily proliferating BOCA RATON, FLA. - By 2018, new, highly efficient production "Lines of the Future" of Mondelez International, Inc. will account for 70% of the production of the company's leading brands, said Brian Gladden, executive vice-president and chief financial officer. Mr. Gladden, together with chairman and chief executive officer Irene Rosenfeld, spoke Feb. 17 at the Consumer Analyst Group of New York Conference at the Boca Raton Resort and Club in Boca Raton. The 2018 target of 70% compares with about 25% of "power brand" production currently and 15% in 2013. "At the end of 2015, we had 35 'Lines of the Future' installed around the world, and we expect to double that number over the next few years," he said. "These lines offer tremendous advantages as they deliver about 400 to 600 basis points of savings, on average, as compared to our older lines." The capital spending program is a central part of efforts to help Mondelez lift margins toward a 2018 goal of 17% to 18%. The company ended 2015 with a margin of 13.2%, an increase of 250 basis points since 2013. "Our Salinas, Mexico, facility opened in late 2014, but really started to ramp production in the second half of 2015," Mr. Gladden said. "At the end of the year, the plant had seven lines producing our key power brands, such as Oreo, Ritz and Chips Ahoy!. We are installing February 23, 2016

Table of Contents for the Digital Edition of Food Business News - February 23, 2016

Food Business News - February 23, 2016
Campbell Soup defends G.M.O. labeling decision
Whole grains versatility
Dairy Business News - The many shades of cocoa
Table of Contents
Web Contents
Editorial - Pickup ahead in food m. & a. activity
WhiteWave broadening its Horizon
Pilgrim’s Pride plans sizable strategic investment
Consumers not clear on clean label definition
W.H.O. report urges tax on sugar-sweetened drinks
Snacks ‘area of weakness’ for Kellogg
US Foods files for initial public offering
Beyond Tyson 2.0
General Mills ahead of natural, organic sales goal
Mondelez ‘Lines of the Future’ steadily proliferating
Smucker looks to ‘lead with innovation'
Food business blossoming for
Mars to remove artificial colors across portfolio
Three trends driving gluten-free market
Market Insight - The demise of orange juice
Washington - President’s budget for food safety leans heavily on user fees
Ingredient Trends - Manufacturers responding to non-G.M.O. trend
Whole grain intake still could improve
Is there a U.S. cocoa shortage?
New Food Products
Ingredient Market Trends - Secretary Vilsack says reports demonstrate net energy benefits of ethanol
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - February 23, 2016