Milling & Baking News - May 13, 2014 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS MAY 13, 2014 / NEWS FEATURE Snyder's-Lance shakes up portfolio, sharpens focus on branded products Rail performance improves but still a concern; investment up Story on Page 25 LATE NEWS G.M.A. to sue Vermont over G.M.O. law WASHINGTON - The Grocery Manufacturers Association on May 8 said it plans to file suit in federal court to overturn a Vermont state law that, effective July 1, 2016, will require the labeling of food produced from bioengineered ingredients. Vermont's governor, Peter Shumlin, signed bill H.B. 112 into law on May 8. The Washington-based G.M.A. said, "Consumers who prefer to avoid G.M. ingredients have the option to choose from an array of products already in the marketplace labeled certified organic. The government therefore has no compelling interest in warning consumers about foods containing Continued on Page 10 CHARLOTTE, N.C. - Two transactions last week have set the stage for Snyder'sLance, Inc. to reshape its business with a heightened focus on branded products, particularly in growth categories such as "better-for-you." On May 7, Snyder's-Lance agreed to acquire Baptista's Bakery, Inc., a maker of baked snack foods and "betterfor-you" snacks, while separately agreeing to sell its private brands along with two manufacturing facilities in the United States and Canada to Shearer's Foods, L.L.C., a provider of private label snacks headquartered in Massillon, Ohio. Financial terms of the Baptista's Bakery acquisition were not disclosed, but as part of the deal, Snyder's-Lance will acquire 100% of Baptista's Bakery, Inc. and its manufacturing facility in Franklin, Wis. "Baptista's is a leader in highly differentiated snacks, and we're excited to be working with their talented, creative team," said Carl E. Lee Jr., president and chief executive officer of Snyder'sLance. "Baptista's is a company that has excelled in providing exceptional product quality and innovation while commercializing production in ways that are effective and unique." In a May 8 conference call with analysts to discuss first-quarter results, Mr. Lee expanded on the acquisition, saying it will fuel Snyder's-Lance's innovative capabilities "because they have a very Continued on Page 15 Per capita flour steady at 135 lbs; total use increases to new record WASHINGTON - For the third year in the past five, per capita disappearance of wheat flour in the United States was at 135 lbs. Considering that this per capita number was nearly the same in four other years of the 21st century, it is tempting to declare this period as one of the longest times of steadiness in per capita consumption in modern history. For the last half of the 20th century into the final decade, per capita flour consumption was on an upward trend, with both per capita use and population expanding. Beginning at the start of the 21st century, that trend came to a sudden halt, with per capita use declining from the recent peak and total use barely holding unchanged or rising at a slower pace than population. Data issued by the Economic Research Service of the U.S. Department of Agriculture places 2013 per capita disappearance of wheat flour at 134.7 lbs, which rounds to 135 lbs. This was slightly up from 134.4 lbs in 2012 and was the same as in 2009 and 2010. The same per capita number also ruled recently in 2004, while 134 Continued on Page 37

Table of Contents for the Digital Edition of Milling & Baking News - May 13, 2014

Milling & Baking News - May 13, 2014
Snyder’s-Lance shakes up portfolio, sharpens focus on branded products
Per capita flour steady at 135 lbs; total use increases to new record
Late News - G.M.A. to sue Vermont over G.M.O. law
Table of Contents
News/Comment - Changes in global coffee promising for grain-based foods
Editorial - Remarkable per capita flour data
Late News
Business - C.H. Guenther expands in artisan baking with Tribeca Oven purchase
Gonnella opens new research center at Schaumburg plant
Weston Foods acquires rye bread specialist Rubschlager Baking
Bella Four buys assets of Theodoro from bankruptcy
Keebler updating, adding cookie capacity at Kentucky baking plant
C.o.o. says La Boulange roll-out making ‘great headway’ at Starbucks
Hain Celestial: Rudi’s will be ‘next $100 million brand’
Milner completes C.F.P. acquisition; business to be named Grain Craft
Horizon upgrading Albany flour mill
Financial Results - Panera sees potential to stand out with flatbread introduction
Bimbo integration costs to the fore in quarterly financials
ADM delivers mixed results in first quarter
Bunge sustains first-quarter loss of $27 million; EBIT down 77%
Biscuit gains boost U.S. Mondelez results; major restructuring set
Industry Activities - Winter wheat tour sees poor conditions, lower yields
Ashley Reynolds discusses diet targeting wheat, other foods
Transportation and Distribution - Rail performance improves but still a concern; investment up
Washington - Great Plains wheat producers face climate change challenges
Pepperidge, Safeway executives to A.B.A. board
Milling Technology - Milling professionals to gather in Omaha for I.A.O.M. annual meeting
Bühler completes rice, bean processing facility in China
Perten introduces NIR Food Analyzer
Maxi-Lift adds Easy-Core for belting
Merchandising - Cereal makers look to Latinos to help spur turnaround
‘Shark Tank’ focuses on Cinnaholic
Education and Research - Fiber linked to post-heart attack longevity
Ingredient Market Trends - U.S.D.A. forecasts winter wheat crop at 1,403 million bus
Ingredient Week
Supplier Innovations
Marketplace Business Network
Ad Index

Milling & Baking News - May 13, 2014