Milling & Baking News - November 11, 2014 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS NOVEMBER 11, 2014 bakingbusiness.com / foodbusinessnews.net FOOD INGREDIENT SOLUTIONS® Bimbo's Penny sees promotional activity in bread 'stabilizing' Pulse flours to the fore They pack protein into baked foods, including gluten-free items Story on Page 26 LATE NEWS Luciano to succeed Woertz at ADM CHICAGO - Juan R. Luciano has been named chief executive officer of Archer Daniels Midland Co. He will succeed Patricia Woertz, who will remain chairman of the board and is expected to retire in May 2016. Mr. Luciano's appointment is effective Jan. 1, 2015. "I am honored to have the opportunity to lead our great company and team into the future," Mr. Luciano said. "Under Pat's leadership, we have made exceptional progress creating a high-performance, resultsfocused company. My commitment is to build on that success by accelerating our pace of progress." Ms. Woertz was named president and Continued on Page 8 MEXICO CITY - After ramping up with the return to market of products formerly baked by Hostess Brands, Inc., promotional activity of baked foods in the U.S. market appears to be stabilizing, said Fred Penny, president of Bimbo Bakeries USA. Mr. Penny spoke Oct. 24 during a conference call with investment analysts in connection with the release of third-quarter financial results by Grupo Bimbo S.A.B. de C.V. Discussing improved profitability at B.B.U., Mr. Penny described "some modest improvement in bread pricing realization." "We are focused going forward on improving our forward promotional efficiency as well," he said. Operating income of the U.S. and Canadian baking business of Bimbo was 1,145 million pesos ($84.4 million) in the third quarter ended Sept. 30, up 28% from 898 million pesos in the third quarter of 2013. Net sales were 24,741 million pesos ($1,824 million), up 21% from 20,400 million pesos in the prior year quarter. Operating margin for the U.S. and Canada business increased to 4.6% in the third quarter from 4.4% in the same period in 2013. Breaking down the 21.3% sales increase for the U.S. and Canada business, Bimbo said 21.9% reflected the incremental sales from the Canada Bread acquisition. Organic net sales in dollar terms fell 1.7%, reflecting in part the company's divestiture of the Sara Lee brand in California. "Organic performance in the quarter Continued on Page 13 Dan Dye sees vibrancy evident throughout milling industry PALM BEACH, FLA. - With growth as well as many other changes occurring among milling companies of all sizes, Dan Dye, newly-named chairman of the North American Millers' Association, described the present era as a "vibrant" time for the milling industry and its association. "It's a great time and a great organization to bring together all those people and those pieces in one place," said Mr. Dye, who is chief executive officer of Ardent Mills, Denver. "I'm very committed as is Ardent Mills to NAMA and look forward to being part of leading that." In an Oct. 24 interview with Milling & Baking News at The Breakers in Palm Beach, the newly-elected chairman of NAMA offered an optimistic view of the association's future. He first joined the NAMA board and executive committee in November 2009 when he succeeded Guy R. Shoemaker as president of Horizon Milling L.L.C. Having spent 28 years at Cargill in various roles associated with the grain business, Mr. Dye was new to flour milling when he was promoted to the top spot at Horizon. He said he was Continued on Page 20 http://www.bakingbusiness.com http://www.foodbusinessnews.net

Table of Contents for the Digital Edition of Milling & Baking News - November 11, 2014

Milling & Baking News - November 11, 2014
Bimbo’s Penny sees promotional activity in bread ‘stabilizing'
Dan Dye sees vibrancy evident throughout milling industry
Late News - Luciano to succeed Woertz at ADM
Table of Contents
News Comment - Moving forward with G.O.P. majority in Senate
Editorial - Sweeping change spans all of milling
Late News
Business - Turkish food and beverage maker agrees to acquire United Biscuits
ADM’s Golden Peanut subsidiary buys Georgia-based Harrell Nut
Grupo Bimbo steps back from planned share offering
Private equity group acquires Wisconsin cookie manufacturer
Dunkin’ Donuts rolls out Croissant Donuts
Alpha Baking honored for deploying sustainable delivery truck fleet
Corbion set to close ingredient manufacturing facility in Kansas
Crumbs to open test pilot ‘bar’ in Roundy’s Supermarkets
Strong U.S. tortilla operations drive Gruma earnings, sales higher
Financial Results - Sickly quarter for Kellogg in wellness cereals and snacks
ADM’s earnings surge due to corn processing, ag services
Industry Activities - Sosland: Wheat flour milling is ‘where the action’ is
Millers convene at The Breakers for annual meeting
Millers grapple with challenges related to rail, food safety
Fortification initiative: chance to pursue ‘fundamental good'
Merchandising - General Mills to introduce Cheerios + Ancient Grains
Weight Watchers, MOM Brands team up on new R.-T.-E. cereal line
Food Ingredient Solutions - Pulse flours to the fore
Pulse crops fit into sustainability efforts
What is, and is not, a pulse?
Milling Technology - It’s good to be King
Washington - The changing climate for climate change
With election wins, Republicans to lead Senate ag committee
Most House Ag Committee incumbents reelected
International - F.A.O. Food Price Index declines, but shows signs of stabilizing
People - U.S. leader to run Pizza Hut global business
Ingredient Market Trends - World durum crop down 12% from 2013-14
Ingredient Week
Supplier Innovations
Classifieds
Marketplace Business Network
Ad Index
Archive

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