Milling & Baking News - May 10, 2016 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS MAY 10, 2016 / TRANSPORTATION AND DISTRIBUTION First-quarter flour output sets record, up 0.8% from year ago A good winter for rail; slow exports limit shipping needs Story on Page 25 LATE NEWS Private equity firm buys Cookie Specialties CHICAGO - City Capital Ventures, L.L.C., a newly formed private equity firm based in Chicago, has acquired Cookie Specialties, Inc., Wheeling, Ill. Financial terms of the transaction were not disclosed. Cookie Specialties, which makes cookies and fig bars under the Matt's brand, has been renamed Matt's Cookie Co. The company was founded in 1972 by Grant Pierce and has been operated under the leadership of his sons, Blake and Matt. Matt's offers cookies in six different varieties: chocolate chip, oatmeal raisin, peanut butter, peanut butter chocolate chip, cranberry walnut, and chocolate chip pecan, as Continued on Page 8 WASHINGTON - Flour production by U.S. mills in the first quarter of 2016 aggregated a record for the three months at 103,905,000 cwts, up 0.8% from 103,116,000 in January-March 2015, which also was the fourth largest, according to the National Agricultural Statistics Service (NASS) of the U.S. Department of Agriculture. Output in the first 2016 quarter dropped 4.5% from October-December at 108,801,000. NASS data are now available for seven consecutive quarters, or since July-September 2014, when NASS took over from the North American Millers' Association. While the current quarter and all the 2015 data were compiled by NASS, for 2014 only the third and fourth quarters came from NASS. January-June data originated from NAMA's panel of the largest U.S. milling companies and subsequent interpolation by Milling & Baking News to make the data comparable with earlier statistics compiled by the U.S. Census Bureau. The second largest total for JanuaryMarch was in 2014 at 103,824,000 cwts, followed by 2012 at 103,462,000. Output in 2013 was fifth at 102,932,000. The largest first-quarter aggregate covered by the Census data was in 2010 ranking sixth at 102,532,000. U.S. 24-hour milling capacity in January-March reached a near record total of 1,618,000 cwts, unchanged from the Continued on Page 18 Bühler, Cargill, General Mills in Africa assistance effort MINNEAPOLIS - Five leading American and European companies with expertise in different areas of food production have lent 70,000 hours of their employees' time since 2008 on projects to build a better food supply chain in Africa. Plans are afoot to double over the next five years both the number of corporations involved and the countries where they share their expertise. General Mills, Inc., Minneapolis; Cargill, Minneapolis; Bühler Holding AG, Uzwil, Switzerland; Royal DSM, Heerlen, The Netherlands; and, most recently, The Hershey Co., Hershey, Pa., are investing in "intellectual philanthropy," where a highly trained corporate volunteer is paired with a small and growing company serving the food industry in Ethiopia, Kenya, Malawi, Tanzania, Zambia and, as of late 2015, Ghana, with plans to expand to Cote D'Ivoire this summer. The initiative is called Partners in Food Solutions (P.F.S.), based in Minneapolis and linked both to the United Continued on Page 36

Table of Contents for the Digital Edition of Milling & Baking News - May 10, 2016

Milling & Baking News - May 10, 2016
First-quarter flour output sets record, up 0.8% from year ago
Bühler, Cargill, General Mills in Africa assistance effort
Late News - Private equity firm buys Cookie Specialties
Table of Contents
News Comment - Promise, withdrawal in Alpha Baking acquisition
Editorial - A good laugh at crazy food ideas
Late News
Business - Alpha Baking acquiring two baking plants from ConAgra Foods
Alliance Consumer Growth expands in baking with Cookie Chips stake
City Bakery to open new baking plant in North Carolina
La Brea Bakery introduces new line of ‘farm-to-table’ bread
CSM Bakery launching capital projects; Houston plant to close
General Mills ahead on cereal and snack bar expansion in New Mexico
Many questions stem from baked foods product recalls
Financial Results - Fred Penny sees new restructuring phase lifting profits ahead at B.B.U.
Growth in North America keys sharp profit gains at Ingredion
Tough market conditions weigh on ADM quarterly financial results
Bunge sees Grains unit results as strong in tough environment
Innovation pipeline, acquisitions help fuel Kerry volume growth
Export and Trade Issues - Groups worry about trade impact of pending biotech rule changes
People - Ben Handcock, leader of Wheat Quality Council, to retire
Joseph Clayton named president, chief executive officer at IFIC
Otto Bresky Jr. dies; was executive at Seaboard for nearly 40 years
The Long Co. hires Dan Inman as director of quality and R.&D.
Fyrwald named president and c.e.o. at Syngenta
Merchandising - Little Bites Snackin’ Bites launched by B.B.U.
Transportation and Distribution - A good winter for rail; slow exports limit shipping needs
I.A.O.M. Review - New I.A.O.M. president eyes ambitious employee safety goal
John Miner named 2016 Milling Operative of the Year
I.A.O.M. photos
Ingredient Market Trends - Kansas wheat tour forecasts higher yields, larger crop
Ingredient Week
Supplier Innovations
Marketplace Business Network
Ad Index

Milling & Baking News - May 10, 2016