Milling & Baking News - October 13, 2015 - 4

Contents X

October 13, 2015 Vol. 94, No. 17

X TRANSPORTATION AND DISTRIBUTION

X NEWS Comment

Story on Page 26

Baking industry's
companies stand
out as focused

Grain shipping
prospects favorable
for fall harvest

12

Bagel and pita bread maker
to expand operations

14

After T.P.P. agreement,
more hurdles ahead

17

McKee Foods revives
Drake's Funny Bones

18

Didion airs food aid concerns
to House Ag committee

36

Is rising fat intake
a bad thing?

Skally's Old World Bakery will invest
$40 million to build a 350,000-square-foot
production facility in Indiana.

A royal
accomplishment
King Milling's 125th anniversary
gala celebrates the past, looks
optimistically toward the future
Story on Page 30

XDEPARTMENTS
7
10
14
17
18
22
25
36
38
40
41
54

Editorial
Business
Washington
Merchandising
Industry Activities
People
International
Nutrition and Health
Financial Results
Supplier Innovations
Ingredient Week Trends
Archive

Trade ministers from the United States and
11 other nations agree on the Trans-Pacific
Partnership. Now it needs approval from the
U.S. Congress.

The snack cakes, unavailable since the 2012
Hostess bankruptcy, will return to retail outlets
in the Northeast after fans on social media ask
for their return.

John Didion, chief executive officer of Didion
Milling, seeks more commitment to the Food
for Peace Program and super cereal plus for
children.

A Credit Suisse report says global fat
consumption will rise to 31% of calorie intake
by 2030 as negative perceptions about saturated
fat subside.

The most recent financial reports issued
by leading baking companies suggest an
improvement in the operating environment
as gauged by several important metrics,
including net earnings growth. At the same
time, profit margins for the two leading U.S.
baking companies have not yet reached their
respective targets and top-line results remain
under pressure.
While grain-based foods companies
continue to face challenges, a Wall Street
analyst report focusing on Snyder's-Lance, Inc.
offers important perspective. The Deutsche
Bank report credits the salty snacks company
for success in broadening distribution and
enhancing profit margins but wonders whether
the progress will be sustained ahead. Telling,
though, was merger-acquisition speculation
whether Snyder's-Lance was likely to be a
buyer or an acquisition target ahead. While
numerous qualities were cited that could make
Snyder's-Lance a tempting target for consumer
packaged foods giants, the analyst concluded
that major challenges or distractions made
such a move unlikely for the foreseeable future.
Instead, the analyst predicted Snyder's-Lance, a
company with a strong balance sheet, is more
likely to be a buyer.
A broad survey of the largest packaged
foods companies suggest a similar pattern.
Many continue to struggle trying to find
the right mix of product lines. Even as they
grapple with numerous challenges, Snyder's
and many other grain-based foods companies
do so with a clear-eyed view of the promising
strategies their companies are pursuing. MBN

XCOMPANIES IN THIS ISSUE
Alpine Valley Bread Co............ 1, 11

Cargill .................................. 38, 40

Hostess Brands, Inc............... 17, 20

Rhodes Food Group.................... 25

American Sugar Refining, Inc. ..... 25

Cookie Group L.L.C. ................... 11

Ingredion, Inc. ............................ 22

Shearer's Foods, L.L.C. .................. 1

Axiom Foods .............................. 40

Crossroads Commodities ............ 26

Jane's Dough Foods .................... 11

Skally's Old World Bakery............ 12

Back to Nature ........................... 11

Dave's Killer Bread ................. 1, 11

King Milling Co........................... 30

Snyder's-Lance, Inc. ...................... 4

Barrel O' Fun................................ 1

Didion Milling ............................ 18

McKee Foods.............................. 17

Steviva Ingredients ..................... 40

Berlin Natural Bakery .................. 11

Dr. Schär AG/SPA ........................ 12

Mondelez International .............. 25

T. Marzetti Co. ............................ 11

BNSF Railway ............................. 27

Flowers Foods, Inc. ................. 1, 22

Nature's Bakery .......................... 11

Tate & Lyle ................................. 25

Bühler, Inc. ................................. 31

Food For Life Baking Co. ............. 11

One Degree Organic Foods ......... 11

Walkers Shortbread, Inc. ............. 24

Bunge North America ................. 12

General Mills, Inc........................ 25

Post Holdings ............................... 8

Whole Harvest Foods.................. 12

4 / October 13, 2015 XMilling & Baking News

bakingbusiness.com / world-grain.com
http://www.bakingbusiness.com http://www.world-grain.com
Milling & Baking News - October 13, 2015

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