Milling & Baking News - March 12, 2019 - 66

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business development and account management.

Richardson International provides an excellent
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training and career development opportunities.

Milling to increase awareness as a leading supplier
of food ingredients

Analyze freight and market spreads, volume
dynamics and customer products balances; stay
abreast of changes to commodity market fluctuations

2018
MARCH 27,

S WEEKLY
THE NEW

ss.com /

bakingbusine


Degree in Food Science, Technology, or a related
field

5 years food ingredient sales experience including
product development experience

Demonstrated business and commercial acumen

Well-developed analytical, problem solving and
negotiation skills
Interested candidates should visit

ll short;
ofits fa ble
m
l Mills pr
Genera ased sharatees tu
ts to mitig ngrainPOL-bIS - Efforening
of expe
ue

ews.net

foodbusinessn

GY
TECHNOLO
MILLING

MINNEA ht costs, tight egic reven
strat
g steps
rising freig "targeted
are amon wake
and
ditures ent actions"
g in the
is takin the compamanagem
Mills, Inc.
ter of
General ult third quar
d
ter ende
of a diffic fiscal year.
third quar
in the
ny's 2018
e in the
er than
ly
Net incom sharply high
ted most
was
year, boos Tax Cuts
Feb. 25
ter last
to the
third quar attributed at $504 million).
fits
ter
by bene Act (estimated ts in the quar
th, I'm
and Jobs operating profi
sales growthe botbeen
sted
has
Adju
nic net
ts on
king
this year rmance
of orga
declined.
ary goal
quarter ted in our resul rter operating
perfo
rm thin
"Our primn our top-line efficiency,"
Long-te it for
disappoin Our third-qua our expectagthe
of
cting
ng our
chairman
to stren
tom line. well short
are impa der
maintainiHarmening,
bears fru ds
fell
ile I'm
while
pressures
Foo
r. "Wh first profit
the broa 20
y L.
ers
office
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, and cost
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Page
Rog
said
executive
Page 31
ering on umer tionsfull-year outlo Continued on
Story on
e deliv
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that we'r with strong
ex- our
ore
pleased
that goal,vation, and in-st ecutive
part of
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marketing ng to a secon
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NEWS
ecution
INC.

QUALIFICATIONS:

DS
ASED FOO
OF GRAIN-B

L MILLS,


Manage assigned accounts to meet sales budgets
and objectives

Build and maintain customer relationships with
new and existing customers, provide timely market
information based on current market conditions

Work closely with operations on ingredient
sourcing, logistics and other initiatives

Participate in identifying new business
development opportunities and commercialization of
new product initiatives to grow the business

Provide product development sales expertise
including processing technology comprehension

Participate in food shows representing Richardson

GENERA

RESPONSIBILITIES:

reprints?
acquires
Nisshin l in Thailand
MillFlour Mill
flour mil

LATE

Grain-based
foods
receive mixed
reviews
in IFIC survey
.indd 1

ch27_18

N_Mar

001_MB

Story on Page

LATE NEWS

Morrison steps
down
at Campbell
Soup

CAMDEN,
N.J.
son has retired - Denise M. Morrichief executiv as the president and
e
bell Soup Co., officer of the Camp-

effective immedia
Keith R. McLoug
tely.
hlin, a member
of the board
of
named interim directors, has been
pany has begun c.e.o., and the comleader. "Denise the search for a new
has been a passiona
advocate and
te
leader
with the compan over her 15 years
y," said Lee
ney, chairma
n of the board. C. Vinmade many
"She
important contribu has
over the past
tions
seven years
as chief executive officer
to
in the rapidly reposition Campbell
changing food
try." The announc
indusement came
on the
Continue

SUBSCRIBE TO

d on Page 8

001_MBN_M

FOODS
GRAIN-BASED

ay22_18.indd

ging with
panies merbusinesses
Savage Com
ing, grain
CompaBartlett mill
- Savage
have

UPDATE
INGREDIENTS

$135 per year

©SOSLAND

PUBLISHING

COMPANY

CITY
y
and Compan which
SALT LAKE
Bartlett
nies and an agreement under Milling
ed
and Bartlett
announc
CityGrain Co.
Salt Lake
Bartlett
merge with
Co. will
services,
based Savage.t in supply chain employA specialis
than 4,000
has more n locations across
Savage
and
operatio
Mexico
ees in 250 States, Canada,
on
focuses
the United
The company
tation,
transpor othfoods
Saudi Arabia.
marine
across the
and
and
based
more
Grainion centers
rail, truck
s handling
serreviews
operates
distribut
, material environmental
es and
logistics
s in North
States. Savage
l and
receive mixed
compani
er industria works with
nts, inon, United40 transload terminal
food ingredie
power generatigas, than
in IFIC survey
vices. Savage
and corn
, where
refining,
re, oil and
America
flour, malt
in the oil
Page 28
and agricultumical, and con- cluding sugar, transferred between
Story on
rail, food
tation. Esers are
l and petroche
sweeten
of transporCompanies
s.
chemica
industrie
re, Savage's different modes
Savage
10
struction and agricultu
fertilizer tablished in 1946, Continued on Page
leading
In food
es movLATE NEWS
rs include
custome as well as compani
ses
rs
to warehou
produce
products
de
ing food-gra
MorriDenise M. t and
N, N.J. -
the presidenCampCAMDE
as
of
retired
of the
son has
tely.
e officer
from earnings year
chief executiv effective immedia
up 51% same period a
Co.,
member
nd stock,
included
00 in the
bell Soup McLoughlin, a
turnarou
$15,832,0
recent quarterto the buy, has been
A major
Keith R.
bakery ac- ago. The most
CITY -
of directors the com00 related
KANSAS at the Cloverhill
this
$12,372,0 e agreement. Sales
of the board
c.e.o., and for a new
y
a gain of
L.L.C. earlier
underwa
,000 from
named interim the search
Aryzta,
te
rter results out of a tax receivabl
$208,743
begun
a passiona
quired from boost first-qua
13% to
compapany has
has been
has
years
helped
increased
and
15
Inc.
for the
year
growth
,000.
leader. "Deniseleader over her C. VinBrands,
per share
$184,538
and
at Hostess es optimistic about
earnings
from 15c
advocate
," said Lee
Adjusted was 14c, down
company board. "She has
in the
ny executiv
forward. first quarwith the
EBITDA
quarter
of the
s moving
tions
to
prospect net income in the
00, first
equating
before. Adjusted
ney, chairmanimportant contribu exmillion,
the year
chief
was
Hostess
totaled $23,841,0
was $47
EBITDA
made many seven years as
ll
March 31
the common first quarter
Adjusted
past
n Campbe
ter ended
share on
revenue.
over the
24c per
to repositio
indus22.5% of from 2017.
equal to
ds from
ecutive officer changing food on the
14%
headwin
down
and
ledging
in the rapidly
ement came
ed pricing ing
Acknow
on Page 8
announc
Continued
outsourc
tation, corrugat
try." The
transpor
and increased
ulos, chairman
in
lost sales
Dean Metropo ess upbeat
costs, C.
was nonethel
a May 9
of Hostess, to analysts during on Page 14
ts
commen

steps down
Morrison
Soup
at Campbell

sformation
bakery tran
tess
Cloverhill g outlook at Hos
seen liftin

Continued

5/18/2018

ay22_18.indd

Cloverhill bak
ery transformat
seen lifting out
look at Hostession
stock, up

d on Page 10

KANSAS CITY
- A major
underway at
turnaround
the Cloverh
ill
quired from
Aryzta, L.L.C. bakery acyear helped
earlier this
boost
at Hostess Brands, first-quarter results
Inc. and has
ny executiv
compaes optimistic
about growth
prospects moving
forward.
Hostess net
income in the
ter ended March
first quar31 totaled $23,841,0
equal to 24c
00,
per share on
the common

51% from
earnings of
$15,832,000
in the same
period a year
ago. The most
recent quarter
a gain of $12,372,0
included
00 related to
out of a tax
the buyreceivable agreeme
increased 13%
nt. Sales
to $208,743
$184,538,000.
,000 from
Adjusted earnings
per share for
first quarter
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
Metropo
ulos,
of Hostess,
chairman
was nonethe
less
comments to
analysts during upbeat in
a May 9
Continue

5/18/2018 10:57:16
AM

snews.net

ess.com / foodbusines

bakingbusin

have
ed an agreeme
nt under
Bartlett Grain
PM
Co. and Bartlett which
18 12:00:58
Co. will merge
Milling
3/23/20
with Salt Lake
based Savage.
CityA specialist
in supply chain
Savage has
services,
more than
4,000 employees in 250
operatio
the United States, n locations across
Canada, Mexico
Saudi Arabia.
and
The compan
y focuses on
rail, truck and
marine transpor
logistics, material
tation,
s handling
er industrial
and environ and othvices. Savage
mental serworks with
in the oil refining
compan
, power generati ies and distribution
rail, food and
centers across
on, United
agriculture,
States.
the
chemical and
oil
petrochemical, and gas, than 40 transloaSavage operates more
struction industri
and conAmerica, where d terminals in North
In food and es.
cluding sugar, food ingredients, inagricult
ure,
customers
flour, malt
include leading Savage's sweeteners
and corn
producers as
are
well as compan fertilizer different modes transferred between
ing food-gra
ies movof transpor
de products
to warehouses tablished in 1946, Savage tation. EsCompanies
Continue

d on Page 14

MAY 22, 2018
WEEKLY OF

THE NEWS

MAY 22, 2018

Savage Com
panies merging
Bartlett milling,
SALT LAKE
grain busineswith
CITY
nies and Bartlett - Savage Compases
and Compan
announc
y

www.richardson.ca/work

to apply by April 9, 2019.

Solutions
sources and added capacity
Ingredient
in starch
Investing

ns
Food
hin STC subsidiary
acquisitio
land. In- Niss
through
len, Thai
urTOKYO Ltd., the Thai p's Nisshin
expand
d in Bang four manufact
a
n Grou
and ADM
h is base
ing Co.
ates
acquired
, Cargill
hin Seifu
ing whic ion now oper land.
Co., has Pacific Flour
of Niss
t," said
Ingredion
Thai
gred
diversify
Milling
THE NEWS
ties in
ingredienmarkett from
$16.8 WEEKLY
liers are e starch inFlour
ing facili an on-trend
ng plan
OF dient supp
land for
whil
ager,
ents
ngreGRAIN-B
r man
flour milli Ltd. in Thai isition, Nisfor InsourcesFOODS
"Rice is
h ASED
on elem
gboard
ien, senio
led
their starc are centered ding sauces
Mill Co., With the acqu
Pat O'Br lesome Sprin ewater, N.J.
than doub
g in
Bridg
Who
novationsd foods, inclu
in
of
million. Milling more capacity to
fillin
d
enic and
n
bake
and fruit and Ar- ing ion and base hypoallerg tionalsaid.
shin STC nt productio
meals
within
Nisshin
Cargill
in gredis non-G.M.O., superior func uses,
n food
its curre es per day, the recently
its
of
in froze Ingredion, Inc., all invested
"It
ty
Plus,
rts.
pron-free.
and Co.
630 tonn noted that bakingbusin
for a varie products,
desse
h has ess.com / foodbusine
els Midl
ssnews.net
recently.
ac- glutemakes it ideal
s, dairy
Nisshin d plant, whic tonnes per
cher Dani h capabilities Ill., in 2017
ity
baby food bakery."
er,
purchase capacity of 350 is located
in tantheir starc , Westchest rice flour busiincluding gluten-free
t),
may workof many
and
Ingredion starch and stry Co. Ltd.,
duction at equivalen port, Laem
snacks
h or flour
st
flours
the rice
r Indu
day (whe land's large r Milling esRice starcstarches and
quired
and tapiSun Flou
INGRED
and
to, corn
near Thai Nisshin Flou
ness from
dem with ding pota
MillingIENTS8 UPDATE
inclu
Chabang. Nisshin STC nued on Page
ibute to
bases,
Conti
can contr ance,
said.
tablished
oca, he
material
ess toler
r
"The base texture, proc n and flavo
lity,
22
ratio
functiona opacity gene nued on Page
Conti
stability,

COMPANY

Working with Richardson opens the door to a world of possibility. We currently have an opportunity for a

Sales Manager in our Lenexa office. This position for Richardson Milling's coated and cluster sales,

Do I need

Richardson Milling, a division of Richardson International, is the largest oat miller in North America and
one of the leading oat millers in the world. Richardson has processing mills in the U.S., Canada and the
U.K. and is proud to have the most extensive oat supply thanks to strong relationships with oat growers.
At Richardson, we are committed to enhancing our facilities and services and supporting our communities.

10:57:16 AM

Call Jim White for more
information at 816-756-1000
or e-mail reprints@sosland.com

Contact our circulation department at 1-800-338-6201

001_MBN_M

66 / March 12, 2019

Milling & Baking News

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Milling & Baking News - March 12, 2019

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