Food Business News - August 9, 2016 - (Page 1)

FOODBUSINESS NEWS August 9, 2016 NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Cott Corp. to acquire S&D Coffee & Tea TORONTO - Cott Corp., a producer of beverages for retailers, brand owners and distributors, has entered into a definitive stock purchase agreement to acquire S&D Coffee & Tea, the largest coffee and tea manufacturer and supplier to restaurants and convenience stores in the United States, for a purchase price of approximately $355 million on a debt and cash free basis. Based in Concord, N.C., S&D was founded by J. Roy Davis Sr. and Lawrence Switzer to supply fresh roasted coffee to local and regional grocery stores in 1927. After his father's death, J. Roy Davis Jr. expanded the business in 1965 Continued on Page 10 Campbell Soup bracing for extraordinary change DAIRYBUSINESSNEWS Cultures and enzymes: Clean label workhorses hen it comes to simple formulations, dairy products dominate the packaged foods sector. With minimal processing along with the addition of just a few, yet powerful ingredients - cultures and enzymes - fluid milk may be converted into many different products, including cheese, sour cream, yogurt and other fermented dairy foods. Cultures and enzymes are the behindthe-scenes workhorses that allow for the development of a diverse range of dairy products. This is because culture strains Continued on Page 35 W Story on Page 12 President Obama signs mandatory G.M.O. foods disclosure act resident Barack Obama on July 29 signed into law an act of Congress requiring the mandatory disclosure of foods containing bioengineered ingredients. The law's most immediate effect was nullification of Vermont's on-the-package mandatory P G.M.O. labeling law that took effect July 1. The new federal law charges the U.S. Department of Agriculture with implementation. The U.S. Food and Drug Administration will not be involved in carrying out the requirements of the act because it was assumed bioengineered foods were neither more nor less safe than foods manufactured by means of other, more traditional technologies. No safety issues are involved. The law directs the U.S.D.A. within two years to "establish a national mandatory bioengineered food disclosure standard with respect to any bioengineered food and any food that may be bioengineered" and the associated requirements and procedures. The U.S.D.A. also must "determine the amounts of a bioengineered substance that may be present in food, as Continued on Page 24 ®

Table of Contents for the Digital Edition of Food Business News - August 9, 2016

Food Business News - August 9, 2016
Cott Corp. to acquire S&D Coffee & Tea
President Obama signs mandatory G.M.O. foods disclosure act
Dairy Business News - Cultures and enzymes: Clean label workhorses
Table of Contents
Web Contents
Editorial - Putting a price on physical inactivity and consumer health
TreeHouse Foods elects Sliva as president; Riordan to retire as c.f.o.
Campbell Soup bracing for extraordinary change
Campbell Soup to launch new soup line ahead of schedule
7UP sales turn sour for Dr Pepper Snapple
McCormick, Pinnacle win innovation awards at G.M.A. Leadership Forum
McDonald’s announces formulation changes
Tyson taps Tim Madigan for new e-commerce role
‘Significant innovation’ to launch from The Hershey Co. later this year
Green Giant hitting its stride with B&G Foods
B&G Foods discontinues Rickland Orchards
ConAgra Foods completes two divestitures
Market Insight - U.S. sugar market seeking equilibrium
Ingredient Innovations - Getting smart with school snacks
The four final rules
Ingredient Trends - Tracking flavor trends at I.F.T.1
The next big flavor trend
Industry Events - Images from I.F.T.16
New Food Products
Ingredient Market Trends - I.G.C. projects a record world soybean crop in 2016-17
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - August 9, 2016