Milling & Baking News - July 10, 2012 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS JULY 10, 2012 / FEATURE Signature Interview Servitje says global reach only a part of Bimbo’s ambitions E Bioengineered crop area flat in United States; controversial California labeling vote eyed Story on Page 32 LATE NEWS Shareholders approve CSM transformation DIEMEN, THE NETHERLANDS — Shareholders of CSM n.v. on July 3 approved a proposed strategic transformation of CSM into a bio-based ingredients company. The transformation includes plans to divest CSM’s North American and European Bakery Supplies businesses. CSM on May 7 gave details on the transformation (see Milling & Baking News of May 15, Page 1). After the divestment, CSM’s Purac business, a market leader in lactic acid and its derivatives, should account for 56% of CSM’s sales. CSM’s Caravan Ingredients, a leader in North American markets for Continued on Page 8 ven as major food processing companies worldwide place an ever increasing emphasis on achieving a global reach, the trend toward internationalization mostly has eluded the wholesale baking industry. Among major U.S. baking companies, few have any presence beyond the nation’s borders. The principal exception is Grupo Bimbo S.A.B. de C.V., Mexico’s largest baking company and now the largest baker in the United States. Grupo Bimbo today has a presence in 19 countries, operating 153 baking plants, marketing 103 brands, and 10,000 stock-keeping units. Its products may be found at more than 2 million different points of sale, representing markets serving roughly 1.5 billion consumers. During the 1990s, Grupo Bimbo made no secret of its ambitions to be the largest baking company in the United States, but as that objective Continued on Page 22 At the Mexico City headquarters of Grupo Bimbo S.A.B. de C.V., Daniel Servitje, chief executive officer. Response to libelous attack on bread baking I f it’s possible for an entire industry to be libeled, then that is what happened to grain-based foods in the book review section of The New York Times of July 1. On page 19 of this section appeared a review of a book bearing “White Bread” as its title. Without looking at the book itself, the review, by someone named Tamara Adler, is an outrageous onslaught against the bread baking business in the United States and by innuendo on all food manufacturers. It uses outright falsehoods and scurrilous accusations Continued on Page 7 Marking nine decades in partnership with grain-based foods  Editorial

Table of Contents for the Digital Edition of Milling & Baking News - July 10, 2012

Milling & Baking News - July 10, 2012
Signature Interview - Servitje says global reach only a part of Bimbo’s ambitions
Editorial - Response to libelous attack on bread baking
Late News - Shareholders approve CSM transformation
Table of Contents
News/Comment - Laying out unique culture, strategies of Bimbo Bakeries
Late News - Bayer CropScience to acquire AgraQuest
Late News - F.A.O. Food Price Index falls again
Late News - Ralcorp Cereal Products president to retire
Late News - Tiger Brands to buy majority stake in Dangote
Business - Judge rejects Hostess effort to jettison union contracts
Business - Heartland expands wheat doubled haploid capacity
Business - Swany White Flour to rebuild mill destroyed in December fire
Business - ConAgra Mills highlights baking quality of proprietary flour
Business - Ralcorp subsidiary Cottage Bakery to pay fines for air violations
Business - C.H. Guenther & Son purchases maker of pizza crusts and blends
Business - Smart Balance closes $125 million purchase of Udi’s Healthy Foods
Business - CHS Inc. acquires 50% stake in Brazilian fertilizer provider
Business - Uncle Wally’s to offer Smart Portion probiotic muffin tops
Business - Sara Lee to shutter bakery outlets by November
Business - AMF Bakery Systems acquires Tromp Bakery Equipment
Business - Italian gluten-free specialist opens facility in New Jersey
Financial Results - Monsanto scores 35% profit gain in third quarter
People - John Harrington to retire from General Mills procurement post
People - Helen Matthaei, wife of Roman Meal chairman, dies
People - Hendrik Jacobs joins SunOpta as president, chief operating officer
People - Travis Bryant, former I.B.C. engineer, dies
Education and Research - Mixed results seen in marketing changes for children’s cereals
Industry Activities - Whole Grains Challenge coming in October for schools
International - Goodman Fielder to close three Australian bakeries
Biotechnology - Bioengineered crop area flat in United States; controversial California labeling vote eyed
Weather Outlook - Another month of fighting dryness on the horizon
Data - Wheat stocks data place carryover at 743 million bus
Data - ‘Other’ spring wheat seedings smallest in 29 years
Supplier Innovations
Data - June all-wheat price down $1.04 from year ago
Ingredient Market Trends
Ingredient Week
Marketplace Business Network
Ad Index

Milling & Baking News - July 10, 2012