Milling & Baking News - March 6, 2012 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS MARCH 6, 2012 bakingbusiness.com / foodbusinessnews.net FOOD INGREDIENT SOLUTIONS® Signature Interview Taking the long view: Bunge maintains impressive pace of investment in North America W Naturally sweet sales opportunities Sweeteners also may reduce calories from sugar in products Story on Page 24 LATE NEWS Earnings rise 21% for Einstein Noah LAKEWOOD, COLO. — Net income for the Einstein Noah Restaurant Group, Inc. jumped 24% to $13.2 million, equal to 79c per share on the common stock, in the 53-week fiscal year ended Jan. 3, 2012, which compared with $10.6 million, or 68c per share, in the 52-week fiscal year ended Dec. 28, 2010. The impact of an extra week was about 3c per share. Total revenues of $423.6 million were up 3% from $411.7 million in the previous fiscal year. Sales included $7.3 million for the extra week in fiscal year 2011. Jeff O’Neill, president and chief executive officer, said the Continued on Page 8 ith change comes opportunity, and no major ingredient segment in recent years has undergone more change than the edible oils sector. The opportunity has not been lost on Bunge North America. The dramatic changes in the oils market and equally dramatic moves taken by the North American subsidiary of Bunge Ltd. were among the major topics discussed in a recent Milling & Baking News interview with Soren Schroder, chief executive officer of Bunge North America. Even in this difficult time for oilseed crushing, perhaps the toughest in a generation, Mr. Schroder and Bunge remain optimistic about prospects for Schroder the edible oils business. It was early in the 2000s that St. Louis-based Bunge North America shed a number of noncore businesses to heighten its focus on the oils and grain markets. The growth Bunge has achieved in Continued on Page 30 Nisshin deeper into United States with Miller Milling acquisition TOKYO — Nisshin Flour Milling Inc., a subsidiary of Tokyo-based Nisshin Seifun Group Inc., has reached an agreement to acquire Miller Milling Co., Bloomington, Minn. Miller Milling is the 12th largest flour milling company in the United States, according to the Grain & Milling Annual 2012, published by Sosland Publishing Co. The company also is the newest company wholly dedicated to flour milling among the largest 24 companies in the industry. Miller was established in 1985 by John C. Miller, who is president and chief executive officer of the company. Miller Milling operates two U.S. flour mills, one in Fresno, Calif., and the second in Winchester, Va. The company has daily milling capacity of 27,500 cwts. While the total enterprise value was Continued on Page 9 Marking nine decades in partnership with grain-based foods http://www.bakingbusiness.com http://www.foodbusinessnews.net

Table of Contents for the Digital Edition of Milling & Baking News - March 6, 2012

Milling & Baking News - March 6, 2012
Signature interview - Taking the long view
Late News - Earnings rise 21% for Einstein Noah
Nisshin deeper into United States with Miller Milling acquisition
Table of Contents
News/Comment - Ninety years of publishing as basis for great future
Editorial - Food for peace must not be deprived of funds
Late News - C.W.B., Cargill reach grain handling agreement
Late News - Flowers promotes three in I.T. department
Late News - Quaker adds honey nut to Oatmeal Squares line
Late News - Sara Lee to spin off coffee, tea business by June
Business - Moody’s sees tighter baking margins in Northeast with consolidation
Business - Federal court dismisses lawsuit challenging Monsanto patents
Business - Kellogg introduces nearly two dozen new products
Business - General Mills acquires Food Should Taste Good
Business - Turkington to halt U.S. operations
Business - SunOpta cutting jobs, reorganizing operations
Business - Wonder adding ‘Nutrition Notes’ to certain bread
Financial Results - B.B.U. gross margins up as volume crunch eases; affirms spending plans
Financial Results - CSM B.S.N.A. earnings ease in fiscal year
Financial Results - Canada Bread earnings slip in fiscal year
Industry Activities - A.S.B. selects four to 2012 Hall of Fame
Industry Activities - Acosta chief executive officer to address A.B.A. gathering
Industry Activities - Wheat Foods Council launches e-magazine
Food Ingredient Solutions - Naturally sweet sales opportunities
People - Kendell Keith retires following 31-year career with N.G.F.A.
People - Gregory Rayburn to join Hostess as restructuring officer
People - Two join Wenner Bread board of directors
I.A.O.M. Preview - Millers to gather in Pacific Northwest
Data - U.S.D.A. forecasts 2012 wheat crop at 2,165 million bus
Data - Flour production in 2011 down 1.4% to smallest total in five years
Data - February wheat price down 33c from year ago
Nutrition and Health - USA Rice: Arsenic in rice findings ‘misleading’
Washington - F.D.A. looking to conduct study on whole grain labeling
Letter to the Editor - Water at heart of broad range of productivity, sustainability issues in agriculture
Ingredient Market Trends
Ingredient Week
Supplier Innovations
Classifieds
Marketplace Business Network
Ad Index
Archive

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