Milling & Baking News - January 15, 2019 - 42

Classifieds
EQUIPMENT

2018
MARCH 27,

S WEEKLY
THE NEW

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OGY
TECHNOL
MILLING

ll short;
ofits fa
THE NEWS WEEKLY
l Mills pr es tumble
OF GRAIN-BASED
Genera sed shar
FOODS
gate
ba
to miti nnrts
ai
Effo
grNEAPOLIS -s, tigh
of expe
tening
nue

acquires
Nisshin in Thailand ll
Mill
flour mi hin STC Flour idiary

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reviews
s
in IFIC
s surve dcapa
city
ce
nt Solution
d Ingredie
ch sour ns and addedy
g in star
Investin
®

Savage Com
panies mergin
Bartlett milling
g
, grain businewith
sses

SALT LAKE
CITY
nies and Bartlett - Savage Compaand Compa
announced
ny have
an agreement
under
Bartlett Grain
Co. and Bartlett which
Co. will merge
Milling
with Salt Lake
based Savage
City.
A specialist
in supply chain
Savage has
services,
more than
4,000 employ
ees in 250
operati
the United States, on locations across
Canada, Mexico
Saudi Arabia
and
. The compan
y focuses on
rail, truck and
marine
transportation
logistics, materia
,
ls handling
er industrial
and environ and othvices. Savage
mental serworks with
in the oil refining
companies
and distribu
, power genera
rail, food and
tion centers
tion, United
agriculture,
across the
States.
chemical and
oil
petrochemical, and gas, than 40 translo Savage operates more
struction industr
and conAmerica, wheread terminals in North
ies.
In food and
cluding sugar, food ingredients, inagriculture,
customers
flour, malt
include leading Savage's sweeteners
and corn
producers as
are
well as compan fertilizer different modes transferred betwee
n
ing food-grade
ies movof transportation
tablished in
products to
. Eswarehouses
1946, Savage
Companies

Foo
acquisitio
land. Ini subs
- Niss
through
len, Thai ufacturTOKYO Ltd., the Thaup's Nisshin
expand
d in Bang four manStory
a
on Page 28
n Gro
and ADM
h is base
ing Co.
ates
acquired
hin Seifu
n, Cargill
ing whic ion now oper land.
Co., has Pacific Flour
of Niss
Ingredio
nt," said
Thai
gred
diversify
LATE
Milling
NEWS
ingredie marketities in
t from
$16.8
liers are e starch inFlour
,
ing facil an on-trend
t supp
ing plan
iland for
manager for Inngredien h sources whilon elements
flour mill Ltd. in Tha isition, Nis"Rice is
senior
ard
N.J.
their starcs are centered ding sauces
Springbo
O'Brien,
Mill Co., With the acqu
doubled
e than
in Pat of Wholesome in Bridgewater, and
novation d foods, inclu
million. Milling mor
city to
filling
d
ing
capa
rgenic
fruit
base
n
bake
and
uctio
said.
hypoalle functionalion and
and Arshin STC
meals
within
CAMD
Nisshin
ent prod
Cargill
EN, .O.,
in gredis
rior
N.J. -
en food
non-G.M
uses,
Denise
its curr es per day, the recently
ofMorriin froz Ingredion, Inc., all invested
, its supe
M.
son
"It
ety
has
Plus
retired
Co.
a vari
as the
ucts,
630 tonn noted that ch has proen-free. ideal for
preside
desserts. iels Midland
nt and
y prod
executi
it
recently.
ac- glutchief
vefood
es
s, dair
officer
Nisshin d plant, whi tonnes per
makSoup
of the
cher Dan h capabilities Ill., in 2017 - itybell
Co., effectiv
bakery." Campding baby
purchase capacity of 350 is located
in tantheir starc n, Westchester, rice flour busi , inclu
en-free e immed
Keith
workiately.
nt),
R. glut
y
McLoughlin,
ks and
Ingredio
duction eat equivale
starch and stry Co. Ltd.
flour may a rsmembe
of man
snac
port, Laem
of
or
the
rice
h
est
board
r flou
(wh
the
Indu
esr
larg
tapi
director
and
day
Rice starcstarcofhes
quired
named
hasand
iland's
r Milling
Sun Flou
been
corn
interim c.e.o., to, s,
with
near Tha . Nisshin Flou Milling and
pota and the comness from
dem has
pany
ding
8
begun
STC
bang
inclu
Page
the search for ribute to
Cha
bases,"Denise
Nisshin Continued on
leader.
a new
can cont
said. has been
ance, KANSAS CITY
tablished
a passion
toler
oca, he
advoca
material proc
-
ess
ate
te and
base
leader over
re, her 15 and flavor underway at the A major turnaround
with "The
thetion
Cloverhill
compan
ality, textu
ration yearsPage 22quired from
y,"
geneLee
on
ity said
ney,func
Aryzta, L.L.C. bakery acC. Vinchairmanopac
inued
Cont
year helped
earlier this
ility, of the board.
stab
made
"She has
boost
many importa
at Hostess Brands first-quarter results
nt contributions
over the past
, Inc. and has
seven years
ny executives
as chief executive officer
optimistic about compato
prospects moving
growth
in the rapidly reposition Campbell
forward.
changing food
Hostess net
try." The announ
income in the
induster ended
cement came
first quarPM
12:00:58 March 31 totaled
on the
018
3/23/2
equal to 24c
$23,841,000,
Continued on
per share on
Page 8
the common

Morrison step
s down
at Campbell
Soup

I

Continued on

Cloverhill bak
ery transforma
seen lifting out
look at Hostestion
s
stock, up
51%

Page 10

from earning
$15,832,000
s of
in the same
period a year
ago. The most
a gain of $12,372recent quarter included
,000 related
out of a tax
to the buyreceivable agreem
increased 13%
ent.
to $208,743,000 Sales
$184,538,000.
from
Adjusted earning
s per share
first quarter
for the
was 14c, down
the year before.
from
Adjusted EBITDA 15c
first quarter
in the
was
22.5% of revenue $47 million, equating to
down 14% from . Adjusted EBITDA was
2017.
Acknowledging
headwinds
transportation,
from
lost sales and corrugated pricing and
costs, C. Dean increased outsourcing
Metropoulos,
of Hostess,
chairman
was nonethe
less
comments to
analysts during upbeat in
a May 9
Continue

1-800-524-ROSS
www.StorageVessels.com

MAY 22, 2018

MILLS, INC.

reve
MIN
ht cost
strategic ng steps
rising freig "targeted
bakingbusiness.com
are amo
and
wake
/ foodbusinessnews.n
ditures ent actions"
g in the paet
managem s, Inc. is takin of the com
Mill
quarter
General
cult third
ended
of a diffi fiscal year.
quarter
the
ny's 2018 me in the third er than in
INGREDIENTS UPDAT
inco
high
mostly
Net
ply
E
was shar year, boosted
Tax Cuts.
Feb. 25
ter last
to the
d
quar
ion)
bute
mill
third
fits attri
ter
d at $504
by bene Act (estimate ts in the quar
th, I'm
and Jobs operating profi
sales growthe bothas been
Adjusted
nic net
.
this year ormance
of orga our results on
thinking
declined
operating
ary goal
quarter
perf
in
cta-quarter
"Our primn our top-line efficiency,"
ppointed
Long-termit for
n disa line.  Our third t of our expe g
gthe
ng our
chairma
to stren
shor
impactin
maintainiHarmening,
bears fru ds
I'm tom t fell well
der
sures are
while
L.
"While
profi
Foo
cost pres   Like the broa 20
Jeffrey utive officer. on the first
and
s,
ook.
Rogers
31
said
on Page
Page
r tion
f exec
ering
year outl Continued
Story on
e deliv
consume
and chie
our fullthat we'r with strong
ore ex,
pleased
and in-st
that goal
ive
part of g, innovation, nd consecut
Grain
a seco
-base
to
marketin
d foods
leading
S
ecution
LATE NEW
recei

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