Milling & Baking News - March 14, 2006 - (Page 1)

Theinewsweeklyiofigrain-basedifoods MARCH 14, 2006 / N E W S F E AT U R E Baker of the Year Mission Foods Mission Foods thrives amid accelerating sales growth After the company rode a wave of torrid growth in demand for Mexican foods in the 1980s and 1990s, new leadership at Gruma Corp. in 2002 decided to step back and identify realistic objectives for the future. But rather than accepting that the U.S market had matured and growth would be slower than the 8% to 9% annual rate achieved in the preceding two decades when Gruma entered the U.S. market, the company's new president and chief executive officer, Jairo Senise, reached the opposite conclusion. Adopting a multipoint strategy for accelerating growth, Mr. Senise notched up the company's expectations and targeted a doubling of sales to $2 billion in six years, or a 12.3% annual growth rate. Halfway through this six-year Continued on Page 33 Brewster, former Kraft executive, named Krispy Kreme c.e.o. Plains states crop producers air views at 2007 farm bill hearing WINSTON-SALEM, N.C. - The board of directors of Krispy Kreme Doughnuts, Inc. has elected Daryl G. Brewster to the position of president and chief executive officer. Mr. Brewster, who most recently was president of the North American snacks and cereals business at Kraft Foods Inc., will replace Stephen F. Cooper, who has been Krispy Kreme's interim c.e.o. since January 2005. Mr. Brewster also will become a member of Krispy Kreme's board of directors. "Daryl is a world class executive with over 23 years of experience in the food industry," said James H. Morgan, chairman of Krispy Kreme. "Throughout his distinguished career, Daryl has developed extensive knowledge, both domestically and internationally, in the Continued on Page 46 NEBRASKA CITY, NEB. - Plains states farmers provided opinions on the direction of farm policy to members of the House Committee on Agriculture in a March 4 hearing convened in Nebraska City. Testimonies given by grain and livestock producers reflected differences among farmers themselves about the effectiveness of current farm legislation as embodied in the Farm Se- LATE curity and Rural Investment Act of 2002. There was general agreement that it was in the nation's interest to provide those engaged in agricultural production a "safety net" in the event circumstances beyond producers' control put farming operations in jeopardy. But there was disagreement regarding whether current farm programs Continued on Page 18 NEWS AVON, N.Y. - Barilla America, Inc. last week said it will join forces with Jacobson Warehouse Company, Inc. to build and operate a new pasta-making and distribution facility in Avon. The two companies will invest $96 million in the facility, with Barilla contributing $87.7 million and Jacobson investing approximately $8.5 million. The plant, Barilla's second in the Continued on Page 8 Barilla to build in New York inside THIS WEEK Interstate details plans for Indiana, Michigan 9 U.S., world flour export forecasts revised 13, 24 Ingredient Pepperidge's Benjamin Townsend dies at 60 48 Week sponsored by 50

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Milling & Baking News - March 14, 2006