Milling & Baking News - December 29, 2020 - 4

Contents

December 29, 2020 Vol. 99, No. 22

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10

Aryzta shifts focus to Europe,
Asia, phasing out Americas

12

Ferrero Group expands with
deal for UK cereal bar maker

14

Acquisitions, divestitures may
signal portfolio reshaping

15

Hostess 'one of the most
under-appreciated stories'

17

Pasta association seeks retail
and foodservice members

Prioritizing Europe and Asia Pacific and
disposing of businesses in both North America
and Latin America could signal new owners for
La Brea Bakery and Otis Spunkmeyer.

Picking the correct
plant protein source
Consider texture, taste and
protein quality when choosing
between wheat, nuts or
legumes as the source

▼

Story on Page 20

DEPARTMENTS

7
10
17
26
28
29
31
41
46

Editorial
Business
Industry Activities
People
Washington
Merchandising
Ingredient Week Trends
Supplier Innovations
Archive

Eat Natural makes cereal bars, toasted muesli
and granola. The proposed transaction also
includes Eat Natural's production facilities in
Halstead, UK.

A Credit Suisse report, citing a Mars, Inc.
acquisition and a J.M. Smucker Co. divestiture,
says the food sector may be in for a portfolio
reshaping " revival. "

J.P. Morgan adds Hostess Brands, Inc. to its
Analyst Focus List as a " growth idea, " pointing
to the acquisition of Voortman Cookies Ltd. and
potential in convenience stores.

▼

The National Pasta Association wants to " create
a larger, more engaged NPA membership that is
comprised of a diverse range of pasta industry
representatives. "

COMPANIES IN THIS ISSUE

AMF Bakery Systems ......................... 26
Amy's Kitchen ................................... 14
Arcadia Biosciences, Inc. .................... 16
Archer Daniels Midland Co. ......... 11, 20
Aryzta AG.......................................... 10
B&G Foods, Inc. ................................. 14
Blue Diamond Growers...................... 22
Bunge Ltd. .............................. 8, 14, 41
Calyxt, Inc. ........................................ 11
Cargill ................................................. 8
Cereal Ingredients, Inc. ...................... 24
ChickP Protein, Ltd. ........................... 24
4 / December 29, 2020

Columbia Grain International............. 15
Conagra Brands, Inc. ......................... 14
DoorDash............................................ 7
Dunkin' Brands Group, Inc. ................ 12
DuPont.............................................. 22
Eat Natural........................................ 12
Ebro Foods ........................................ 12
Ferrero Group.................................... 12
Flavorchem ....................................... 41
Grupo Bimbo SAB de CV ............. 11, 16
Herr's Foods ...................................... 14
Hormel Foods Corp. ........................... 14

Milling & Baking News

Important nutrition
funding in COVID-19
relief package
While comprising less than 2% of the
COVID-19 relief package passed by Congress
on Dec. 22 and signed into law on Dec. 27
by President Donald Trump, $13 billion for
additional Supplemental Nutrition Assistance
Program benefits in the legislation was
noteworthy. The SNAP spending will help
alleviate food insecurity, which has as much
as doubled during the pandemic, according to
a Northwestern University estimate.
Particularly helpful will be a provision making
it easier for low-income college students to access
SNAP benefits. Many readers of this publication
may be surprised to learn that even before
the pandemic, food insecurity among college
students was disturbingly high - with 48%
indicating they had been food insecure in the
previous 30 days. Compounding the problem, the
General Accounting Office indicated that more
than half of students who qualified for SNAP
benefits in the past did not receive them. Many
of the foodservice jobs college students often
rely upon for income have dried up during the
pandemic. Students attending school remotely,
away from campuses, have less access to
remaining jobs. Increased funding for SNAP and
easier access for college students may help lower
dropout rates, boost economic growth and lessen
the need for federal assistance longer term.
While modest relative to the $284 billion
earmarked for the Paycheck Protection Program,
the $13 billion in additional SNAP spending
represents a meaningful proportion of annual
SNAP spending (estimated at $85.6 billion in
fiscal 2020, up from $60.4 billion in fiscal 2019).
The president's last-moment decision to sign the
legislation into law was highly welcome. MBN

Hostess Brands, Inc...................... 15, 26
Impossible Foods ............................... 14
Inspire Brands, Inc. ............................ 12
J.M. Smucker Co. ............................... 14
Kellogg Co. ............................. 8, 14, 29
Kemin Industries................................ 41
Kerry Group PLC .......................... 15, 22
Kind Healthy Snacks .......................... 14
Kraft Heinz Co. .................................. 14
Manildra Group USA ......................... 22
Mars, Inc. .......................................... 14
McKee Foods Corp......................... 8, 29

MGP Ingredients, Inc. .................. 22, 26
Novozymes ....................................... 41
NuTek Natural Ingredients ................. 18
PepsiCo, Inc....................................... 12
Reading Bakery Systems ...................... 8
Shick Esteve ...................................... 26
Stratas Foods ...................................... 8
TreeHouse Foods, Inc. ........................ 12
Tyson Foods, Inc. ............................... 14
ULMA Packaging ............................... 27
Unilever PLC ..................................... 14
Whole Foods Market ......................... 24
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Milling & Baking News - December 29, 2020

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