Milling & Baking News - March 2, 2004 - (Page 1)

Theinewsweeklyiofigrain-basedifoods NEWSFEATURE MAKING HEADWAY As the industry gears up for the 2004 International Baking Industry Exposition in August, here is a look at some recent innovations that equipment manufacturers, suppliers and packaging companies believe will make a difference. Story on Page 25 Weston to build three bread, roll baking plants in U.S. this year TORONTO - Weston Foods, Inc. will build three new bread and roll bakeries in the United States this year, Gary J. Prince, president of Weston Foods U.S., said last week. In a Feb. 24 quarterly conference call, Mr. Prince did not disclose location of the plant projects but said the facilities will be built in New England, the Midwest and the Southeast. "The land acquisitions are nearing completion while the building and equipment design is well under way," Mr. Prince said. "These facilities will give us new capabilities to compete in the marketplace." Spectacular range of folic acid benefits revealed in white paper PARKER, COLO. - Fortification of enriched grain products with folic acid has resulted in a 60% plunge in neuroblastoma, the most common cause of cancerrelated death among children aged one to four. A newly released white paper reviewing the nutritional role of folic acid highlights this finding among many benefits that have emerged since the fortification of folic acid in enriched grain LATE products was mandated by the Food and Drug Administration in 1998. The white paper, "Evaluating the Role of Folic Acid As a Critical Nutrient for Health," was published by the Wheat Foods Council. Written by Karin M. Kratina, a nutritionist who has worked with the W.F.C. in the past, the white paper was funded by the nutrition Continued on Page 22 NEWS Wetterau now owns all of Golden State MARCH 2, 2004 / ST. LOUIS - Wetterau Associates, a St. Louis-based investment group headed by Mark Wetterau, has purchased the 50.3% stake in Golden State Foods previously held by Wetterau's five-year business partner, The Yucaipa Companies. "This buyout will result in G.S.F. becoming a 100% Continued on Page 10 inside Mr. Prince noted that the Southeast region is "a growing market where population has shown growth both in immigration and tourism. It is a market with great potential. Similarly, opportunities exist in the Midwest market." Start-up of the three new plants will be phased in starting in early 2005, Mr. Prince said. "At the same time, we will continue to evaluate current facilities and lines that for one reason or another cannot compete," he said. "We will either downsize or close up to four facilities in 2004." Weston's U.S. baking operations ended Continued on Page 14 Reyna replaces Muldoon in top post at Bimbo Bakeries USA MEXICO CITY - As part of a major overhaul of Grupo Bimbo S.A. de C.V. senior management, Reynaldo Reyna Rodriguez has been named president of Bimbo Bakeries USA, Fort Worth Texas. Mr. Reyna most recently held the title of Bimbo corporate president. He replaces Juan Muldoon Barena as B.B.U. president. Mr. Muldoon is leaving Bimbo and is forming his own consulting business. An industrial engineer, Mr. Reyna holds a master's degree from the Wharton School of the University of Pennsylvania. After 13 years in the U.S. financial services industry, Mr. Reyna moved to Mexico and spent seven years in the banking sector there. He joined Grupo Bimbo three years ago, heading the corporate staff group. Mr. Muldoon, who has been invited to work as a consultant during the transition to new leadership, had high praise for his successor. "His drive, his thoroughness Continued on Page 11 THIS WEEK Jeffrey Borchardt to president of K.C.B.T. 11 Ingredient Krispy Kreme sees sharp gain in profits 16 Price index for cereals, baked foods in 2% rise 17 Week 32

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Milling & Baking News - March 2, 2004