inStorebuyer - June 2012 - (Page 6)

front linenews HEADLINES IN BAKERY & DELI & RETAIL CSM to Divest Bakery Supplies CSM n.v. will begin a major divestment process for its North American and European Bakery Supplies businesses and plans to transform into a biobased ingredients company with focus on its Purac and Caravan Ingredients businesses, Diemen-based CSM said May 7. CSM says it expects to have made significant progress with the intended divestments by early 2013. “Given that the current environment is expected to lead to further industry consolidation, they are likely to be of greater value to another owner, and to be better positioned to participate in that consolidation,” CSM says of the bakery supplies businesses. CSM says it intends to balance the net proceeds from the divestments to support and enhance growth opportunities available to the bio-based ingredients business, to reduce the debt to a level suitable for its size and activities, and to distribute funds to shareholders. The Bakery Supplies businesses that CSM plans to divest had sales in 2011 of €2,409 million ($3,142.5 million), EBITDA before central costs and one-off costs of €127.5 million ($166.3 million) and EBITA before central costs and one-off costs of €86.3 million ($112.6 million). The combination of Purac and Caravan Ingredients will supply biobased ingredients for preservation, nutrition, fortification and stabilization and will serve end markets in food, chemicals and polymers. The combination will target growth opportunities in new lactic acid applications such as bio plastics, animal health and nutrition, as well as next generation, bio-based alternatives for oil-based materials. Combined, Purac and Caravan Ingredients in 2011 had sales of €704 million ($918.6 million), EBITDA before central costs and one-off costs of €123.5 million ($161.5 million) and EBITA before central costs and one-off costs of €93 million ($121.3 million). Purac, a biotechnology company involved in lactic acid and its derivatives, is leveraging its fermentation capabilities to expand beyond lactic acid into other bio-based alternatives for petrochemically-based products. Caravan Ingredients is involved in the North American market in such specialty ingredients as lactic acidbased emulsifiers, functional blends containing enzymes, and fortification ingredients. About 40% of the company’s sales are in non-bakery applications in both food and nonfood markets. Register for… All Things Baking, an innovative trade event for retail and culinary professionals, will hold its second show in Houston, TX, Sep. 9-11. Building on a successful launch in Chicago last fall, All Things Baking 2012 expects to attract more than 3,000 foodservice professionals looking for cuttingedge education, essential networking opportunities and the latest product trends, equipment and supplies to help them stay competitive, profitable and ahead of consumer trends. “We are very pleased that Houston will host All Things Baking this year,” says Susan Nicolais, RBA executive director. “Houston is an incubator for entrepreneurial bakeries and has become a world-class trade show destination with a track record for growing events that rotate into the region.” All Things Baking will rotate around the country annually, except on IBIE years, when it will not hold a standalone event. The move to Houston has been received positively by key exhibitors who have already secured spaces for 2012. The new location is an unprecedented opportunity to reach decision makers from regional businesses who historically have not traveled outside of the region — including the growing number of panaderías. Exhibitors such as AB Mauri, Baker’s Best, Dawn Food Products, LVO Manufacturing and Revent, Inc. will showcase their latest equipment and technology, decorating supplies, ingredients and flavorings, merchandising supplies, bakeware and molds. The education program also features notable locals, including Sara Brook of the Dessert Gallery, who will present a live case study on the social media strategies used to drive in-store traffic. Texas native Bud “the Pieman,” founder of the legendary Royers Café, will demonstrate the art of making pies. His pies have been featured on CBS Sunday Morning with Bill Giest, ABC Nightline, Food Network numerous | 6 | inStorebuyer | June 2012 |

Table of Contents for the Digital Edition of inStorebuyer - June 2012

inStorebuyer - June 2012
Editor's Note - How Consumers Eat
Table of Contents
Frontline News - CSM to Divest Bakery Supplies
Frontline News - Register for All Things Baking
Frontline News - Chang wins Supermarket Chef Showdown
Frontline News - Haggen Hires Bakery Director
Frontline News - Kings Unveils Innovative Store
Frontline News - Culpitt Ltd. Wins Queen’s Award
Frontline News - Consumers Watch Sodium Intake
Food Serivce Retail - Minimize Sandwiches for Maximum Appeal
Baking & Decorating - Decorate to Win
Bakery Development - Seek New Opportunities with Pies
Deli Development - Specialty Cheese Broaden Appeal
Foods of the Decade
A Price War in Phoenix
Food Safety - Labeling Regulation Poses Burden
Health & Nutrition - Weight Loss Trends
Cheese Corner - Teaching Cheese
Product Trends
Product Showcase
Marketplace Network
Ad Index

inStorebuyer - June 2012