Milling & Baking News - April 3, 2012 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS APRIL 3, 2012 / BAKING HALL OF FAME Even in sluggish market, Flowers sees plenty of space for growth PHILADELPHIA — In a flat market for baked foods, bountiful opportunities for growth at Flowers Foods, Inc. have been identified and are being pursued and captured, executives at the company said. Speaking to investment analysts March 20 in Philadelphia, the executives took a highly upbeat tone even in the wake of recent difficulties that have been faced by Flowers and the entire baking industry. “When you compare us to other categories, we’ve really weathered the storm,” said Allen L. Shiver, president of Flowers. “This isn’t about doom and gloom. We’re excited about the opportunity to grow the company and grow our share in the category we call fresh bakery.” As has been the case in recent years, the annual analyst meeting was held in a location where Flowers recently completed an expansion. The meeting this year was followed by a tour of the Tasty Baking plant located in Philadelphia’s Navy Yard. Flowers acquired Tasty Baking in May 2011. Even as they presented an optimistic view of Flowers’ future, Mr. Shiver and the other executives did not sugarcoat the tough sales trends facing the baking industry. Mr. Shiver said the overall fresh bakery market, including bread, sweet goods and tortillas, has been flat to down slightly in recent years. “In the South market we are seeing the same overall flat trends we are seeing in other markets,” Mr. Shiver said. Offering an overview of the market based on SymphonyIRI data, Mr. Shiver estimated the overall category at retail Continued on Page 10 A.S.B. 2012 Hall of Fame inductees Story on Page 47 LATE NEWS Wheat and corn acres seen higher in 2012 WASHINGTON — Farmers seeded or intend to plant 56 million acres of wheat for harvest in 2012, up 3% from 2011, the U.S. Department of Agriculture said in its March 30 Prospective Plantings report. Winter wheat area seeded in 2011 for harvest this year was estimated at 41.7 million acres, up 3% from last year but down 1% from the January seedings report, including 29.9 million acres of hard red, 8.4 million acres of soft red and 3.5 million acres of white. Growers intend to plant 12 million acres of spring wheat other than durum, down 3% from 2011, including 11.3 million acres Continued on Page 8 Nisshin’s Oeda sees U.S. acquisition as step in broader global effort TOKYO — The acquisition of Miller Milling Co. represents an important step in the ambitious long-term plan at Nisshin Seifun Group to diversify its business from its roots in Japan, the company’s president said. In an interview with Milling & Baking News, Hiroshi Oeda of Nisshin offered perspectives on the Miller Milling transaction and broader Nisshin ambitions, which include acquisitions and alliances deeper into the food chain, including processed food companies. The purchase of Miller Milling, Bloomington, Minn., closed March 20. Responding to questions submitted by this publication, Mr. Oeda said Nisshin, Japan’s largest flour milling company, was entering the U.S. market with its eyes open, recognizing the high level of competition within U.S. milling and the Continued on Page 24 Marking nine decades in partnership with grain-based foods http://8

Table of Contents for the Digital Edition of Milling & Baking News - April 3, 2012

Milling & Baking News - April 3, 2012
Even in sluggish market, Flowers sees plenty of space for growth
Nisshin’s Oeda sees U.S. acquisition as step in broader global effort
Late News - Wheat and corn acres seen higher in 2012
Table of Contents
News/Comment - Future of durum, wheat panels prove timely
Editorial - Orange juice experience as warning
Late News - March 1 wheat stocks down 16%
Late News - Flowers prices $400 million of senior notes
Late News - Noodles by Leonardo to consolidate operations
Late News - Cosi loss tops $6.5 million in fiscal 2011
Business - Bimbo to phase out production at three facilities by May
Business - ConAgra, ADM in dispute over white wheat product
Business - 5 Generation Bakers broadens representation
Business - Deeper Frito-Lay look at electric
Business - Glencore to buy Viterra for C$6.1 billion
Business - Middleby Corp. acquires Turkington USA
Business - Beatrice Bakery emerges from Chapter 11
International - Bayer sees inevitable need for bioengineered wheat in years ahead
International - Seaboard to operate flour and feed mill complex in Ghana
Financial Results - Sales rise while profits dip for General Mills in third quarter
Financial Results - Post Holdings quarterly earnings fall 45% in initial financials
Data - Domestic flour use near all-time high, but per capita falls to 22 year low
Data - Downward revision in food use of wheat as E.R.S. calculates grind of wheat
Data - Ontario’s winter wheat crop forecast down 34% from 2011
Food Ingredient Solutions - When simple is not that simple
Regulatory Affairs - The nutrition title of the farm bill
People - Britt to succeed retiring Callaghan as Pepperidge Farm president
People - Murray Lender, bagel guru, dies at 81
People - Stan Shaffer to v.p. of baking at King’s Hawaiian
People - Greg Loftus, Pendleton Flour plant manager, dies
Industry Activities - Sugar prices, U.S. sugar program, Mexico highlight Colloquium
Industry Activities - Kansas State senior awarded S.B.W. scholarship
Industry Activities - Japan named winner of 2012 Bakery World Cup
2012 Baking Hall of Fame
2012 Baking Hall of Fame - Letter from the Chairman
2012 Baking Hall of Fame - New Hall members lead 20th century growth
2012 Baking Hall of Fame - Adam Boren, Adamatic
2012 Baking Hall of Fame - Morris Cohen, Interstate Bakeries Corp.
2012 Baking Hall of Fame - Eddie Lanham, Lanham Machinery
2012 Baking Hall of Fame - Joe Franz, Franz Bakery
2012 Baking Hall of Fame - A growing legacy
Ingredient Market Trends
Ingredient Week
Supplier Innovations
Marketplace Business Network
Ad Index

Milling & Baking News - April 3, 2012