Food Business News - July 12, 2016 - (Page 1)

FOODBUSINESS NEWS July 12, 2016 NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Danone to expand WhiteWave's horizons PARIS - Danone S.A. has entered into an agreement to acquire The WhiteWave Foods Co. for $56.25 per share in a deal valued at approximately $12.5 billion and including assumption of WhiteWave Foods debt and other obligations. Based in Denver, WhiteWave Foods is an international competitor in the plantbased, organic dairy and organic produce categories. The company owns such brands as Silk, So Delicious, Horizon Organic, Earthbound Farm and Alpro. The company generated approximately $4 billion in sales during fiscal 2015. "I believe this acquisition advances Danone's mission and rich history of being Continued on Page 12 Reviewing specialty food trends NEW YORK - Chocolate chip hummus, air-popped sorghum snacks and matzo chips were among products on display at the Specialty Food Association's Summer Fancy Food Show, held June 26-28 in New York. With sales rising to a record $120.5 billion in 2015, the specialty food industry is "quite healthy," said Louise Kramer, communications director for the Specialty Food Association. Drawing more than 25,000 industry professionals, the 62nd annual Summer Fancy Food Show highlighted the latest innovations from 2,670 exhibitors. Driving product development in the specialty food industry are consumer issues of health, transparency and Continued on Page 42 'Glocal' driving dairy flavor trends Story on Page 73 Exclusive: ADM's Luciano outlines strategy for growth hile committed to expanding further as an ingredient supplier, Archer Daniels Midland Co. has been and will remain disciplined and methodical as it ventures into new arenas, said the company's top executive. In a recent interview at ADM's Chicago W headquarters with Food Business News, Juan Luciano, ADM chairman and c.e.o., spoke about the company's recent acquisitions, how the business has changed over the past two years and what may be expected in the years ahead. He said acquisitions represent one part of what ADM is trying to execute in the marketplace. "M.&A. is not a strategy in itself," he said. "We have a strategy." A native of Argentina, Mr. Luciano rose to the position of c.e.o. in January 2015, succeeding Patricia A. Woertz. He assumed the additional role of chairman in January 2016. He had joined ADM in April 2011 following a lengthy career at Dow Chemical Co. extending back to 1985. At ADM, Mr. Luciano now heads an agriculturally-based business with 32,000 employees serving Continued on Page 65 ®

Table of Contents for the Digital Edition of Food Business News - July 12, 2016

Food Business News - July 12, 2016
Danone to expand WhiteWave's horizons
Reviewing specialty food trends
Exclusive: ADM's Luciano outlines strategy for growth
Table of Contents
Web Contents
Editorial - Major campaign issues cast shadow over food sector
Gores Holdings to acquire Hostess Brands
AdvancePierre Foods hopes to raise $400 million in i.p.o.
New products boost PepsiCo profit during the second quarter
Nobel laureates express support for Golden Rice, G.M.O.s
Cost savings allows McCormick to up investment in marketing
Whole Foods Market ‘going to school’ on learnings from 365 format
ConAgra Foods continuing to transform its Consumer Foods business
B&G Foods to move Mama Mary’s operations to North Carolina
McCain to invest $65 million in french fry facility
Kroger looking beyond price to maintain growth
Applebee’s in the ‘midst of a transformation’
Schneider to lead Nestle as new chief executive officer
Colin Mitchell joins McDonald’s as global vice-president
General Mills to make greater investments in ‘growth brands’
Shareholders pressuring SunOpta to consider all options
Consumers seeking alternatives in new burger options
Washington - Senate passes G.M.O. labeling bill
Market Insight - Grain markets see wide price swings on weather, U.S.D.A. data, Brexit
Ingredients Innovations - Protein possibilities inside the egg
Demand for cage-free eggs may impact price
Ingredient Trends - Overcoming the barriers of organic production
Data indicate steep organic price premiums in 2010
Dairy Busiess News - ‘Glocal’ driving dairy flavor trends
Get your game on: Brazilian flavors celebrate Summer Olympics
New Food Products
Ingredient Market Trends - House to consider Senate G.M.O. labeling bill with clock ticking
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - July 12, 2016