Milling & Baking News - May 26, 2015 - (Page 62)

Archive 2005 Consumer knowledge about wh ole grains is growing but incomplete, said Stephen W. Sanger, chairman and chief executive officer of General Mills, Inc. Mr. Sanger spoke May 20 to parSanger ticipants in the "Whole Grains & Health: A Global Summit" in Minneapolis. Sara Lee Bakery Group has announced plans to introduce a new bread that looks and tastes like white bread but delivers a good source of whole grains. Interstate Bakeries Corp. plans to close its bakery in New Bedford, Mass., and consolidate production routes, depots and thrift stores throughout the Northeast, the company announced May 19. General Mills, Inc. on June 2 said it has been notified by the Securities and Exchange Commission that an S.E.C. investigation of the company has been terminated. From left at the "Whole Grains & Health: A Global Summit," Maria Emmer-Aanes, brand manager, Great Harvest Bread Co., Dillon, Mont.; John E. Geisler, corporate vice-president, Cargill, Minneapolis; William Matthaei, president and c.e.o., Roman Meal, Tacoma, Wash.; William J. Nictakis, president, U.S. Fresh Bakery, Sara Lee Bakery Group, St. Louis; and Paula Marshall-Chapman, chief executive officer, The Bama Companies, Inc., Tulsa, Okla. 62 / May 26, 2015 Milling & Baking News The board of directors of Flowers Foods, Inc. on June 3 announced a three-for-two stock split and an increased dividend. Jon Wefald, left, Kansas State University president, presenting the university's Medal of Excellence, its highest honor, to Fred L. Merrill, chairman of Cereal Food Processors. 1985 Gruma Corp. has acquired the tortilla and chip operations of CHS Inc. The Pillsbury Co. and Diversifoods, Inc. reached a definitive agreement under which Pillsbury will acquire the Itasca, Ill.-based restaurant management company, which is the largest franchisee of Pillsbury's Burger King restaurants Proposed acquisition of the Missouri-Kansas-Texas Railroad Co. by Union Pacific Corp. received mixed reviews from grain shippers, milling companies and competing railroads. Addison H. Douglass, senior vice-president and head of the Ocean Transportation Division of Tradax Gestion, Douglass S.A., a subsidiary of Cargill in Switzerland, will retire May 31. Best known for his origination of the unit train concept for transporting agricultural commodities, Mr. Douglass has been with Cargill 38 years. "Exports have to be revived, and the only way you can revive exports is to sell at the world market price." - Walter C. Klein, president, Bunge Corp., in an exclusive interview in Milling & Baking News Charles F. Gill has been named director of operations at the Sperry Division flour operations of General Mills, Inc. Following several days of investor and media speculation, R.J. Reynolds Industries, Inc. and Nabisco Brands, Inc., announced June 2 that the boards of both companies had approved a $4.9 billion transaction in which Reynolds will acquire Nabisco, the nation's leading producer of cookies and crackers. The first initiative under the export enhancement, or bonus, program recently announced by the U.S. Department of Agriculture will be issued this week, along with details as to how the program will operate. Carl Hoseney, professor of grain science and industry at Kansas State University, recently received the Distinguished Hoseney Faculty Award presented by the Gamma Sigma Delta agricultural honor society. 1945 Without the foreign exchange stabilization and financial collaboration provided in the Bretton Woods monetary agreements, the outlook for private flour exporting from the United States to Europe is not bright or favorable. This view was expressed by A.E. Mallon, vice-president and treasurer of Pillsbury Mills, Inc., Minneapolis. Charles W. Metcalf, vice-president of General Foods Corp., issued a denial of charges of the cornering of the rye market. The St. Louis Millers' Club held its annual spring meeting and dinner May 22. The guest speaker was Tommy Marion, a paratrooper, veteran of the Sicilian, Italian and French campaigns, who made a highly interesting talk on his personal experiences in those campaigns. The J.B. Carr Biscuit Co. has purchased a large site in St. Louis and is planning to build a large cracker and cake bakery in the immediate post war period. The Farmers' Grain Dealers' Association of Iowa has purchased the Des Moines Elevator Co. property in East Des Moines. It is reported that the purchase price is around $240,000. The capacity is about 1 million bus. Pillsbury Mills, Inc. has purchased the elevator and warehouse of the Continental Grain Co. in Clinton, Iowa. Crops in the Mediterranean area have suffered very considerably from drought this year. Agitation in Great Britain against a return to the average pre-war 72% flour extraction, fortified or unfortified, has had its effect. The present extraction rate is 80%. MBN /

Table of Contents for the Digital Edition of Milling & Baking News - May 26, 2015

Milling & Baking News - May 26, 2015
Ingredient Update - Winds of change blow through ingredient fundamentals
Stay true to the science, grains group tells guidelines committee
Late News - Campbell baking and snacking unit strong
Table of Contents
News Comment - Asia trade pact crucially important to farm sector
Editorial - Flour output data point to eating trends
Late News
Business - ConAgra Foods to close Wisconsin cookie plant
Mondelez considering changes at Chicago bakery
ADM to acquire Chinese sweetener business
Ardent Mills showcases capabilities with bakery, kitchen on wheels
General Mills wants more from the core of its business
Kellogg’s Bryant: Signs show that cereal trends are improving
Financial Results - Investments a drag on Weston Foods first-quarter income
Post Holdings embraces move to value-oriented R.-T.-E. cereal
Post consolidating cereal businesses
News Feature - Baking mix brand conquers challenges in gluten-free innovation
Exports and Trade Issues - Growth in China’s imports of U.S. agricultural goods slows…for now
People - Former Darden executive to president of Panera Bread
Steve Cooper joins Schwebel Baking as chief operating officer
William Fife, longtime A.S.B. and B.C.C. member, dies
IFIC survey again finds people seek whole grains, fiber
Washington - The unsettled G.M.O. world
Weather Outlook - U.S. Plains rain puts end to multi-year drought
Guidelines timeline
Education and Research - Global warming seen causing wheat yield declines
Supplier Innovations
Ingredient Market Trends - Winter wheat harvest under way
Ingredient Week
Marketplace Business Network
Ad Index

Milling & Baking News - May 26, 2015