Milling & Baking News - July 13, 2004 - (Page 1)

Theinewsweeklyiofigrain-basedifoods LATE NEWS KANSAS CITY - Interstate Bakeries Corp. last week named Ronald B. Hutchison as executive vicepresident and chief financial officer, effective immediately. Mr. Hutchison, 54, takes over a c.f.o. seat that had been vacant since the May 2003 retirement of Frank W. Coffey. Prior to joining I.B.C., Mr. Hutchison was executive vice-president at Aurora Foods, where he oversaw the company's restructuring and negotiation of its merger with Pinnacle Foods. From 2002 to 2003, he was executive vice-president of Kmart Corp., where he oversaw the company's reorganization. Earlier, he was Continued on Page 8 I.B.C. taps Hutchison as new c.f.o. Weston in agreement to acquire Boulangerie Gadoua Ltée TORONTO - Weston Ltd. has signed an agreement to acquire Quebec baker Boulangerie Gadoua Ltée. Weston Bakeries said the transaction will allow Gadoua distribution to expand beyond Quebec into Ontario and the Maritimes. Ralph Robinson, president of Weston Foods Canada, said Weston and Gadoua have had a relationship for many years. "The three Gadoua bakeries have been producing different products for Weston in recent years, and we already knew first hand the caliber of Boulangerie Gadoua's management team," he said. "Gadoua is a Continued on Page 9 JULY 13, 2004 / N E W S F E AT U R E Cool on carb claims T he world of low-carbohydrate foods, the fledgling offspring of the boom in low-carbohydrate dieting, has grown big enough for a little old-fashioned government regulation. Maybe. Some of the largest food companies in the United States have requested it. The industry's leading lobbying group has proposed it. And the Food and Drug Administration has said it will provide it. But it still isn't clear whether any of them really want it. A recent letter sent to the F.D.A. by Kenneth Mercurio, director of regulatory and nutrition with Nestle U.S.A., Glen- dale, Calif., illustrates the ambivalence with which much of the food industry regards the issue of regulating specific nutrient claims for carbohydrate content on food packaging. "The issue that makes carbohydrate claims so confounding is that it would be the only nutrient for which there would be both 'high' and 'low' claims," Mr. Mercurio wrote in the April 23 letter, noting that the F.D.A. intends to consider setting rules for labels that promote both low- and high-carbohydrate content. "The result is a potentially confusing message to consumers: Should they consume less carbohydrates or more? Are carbohydrates Continued on Page 21 Trade groups urge joint effort to end Chinese trade restrictions WASHINGTON - A coalition of six trade organizations representing grain export and soybean processing industries in the United States, Brazil and Argentina on July 2 called on their respective governments to work together in an effort to eliminate ongoing trade restrictions imposed by China that the exporters said violated that nation's commitments under World Trade Organization rules. The groups addressed their comments in a joint letter sent to President George W. Bush, President Nestor Kirchner of Argentina and President Luiz inside Inacio Lula da Silva of Brazil. The trade groups - the North American Export Grain Association and the North American Oilseed Processors Association of the U.S., the Brazilian Oilseed Processors Association, the Brazilian National Association of Grain Exporters, the Argentine Oil Industry Chamber and the Chamber of Grain Exporters of Argentina - pointed to what they asserted were "expanding abuses of international rules and conventions" by Continued on Page 14 THIS WEEK Ingredient Marta Turner promoted at Flowers Gruma to acquire Italian corn miller 9 11 GrainCorp, AWB forge logistics partnership 30 Week 31

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Milling & Baking News - July 13, 2004