Milling & Baking News - February 8, 2022 - 8

TUES | 02 08 2022
LANCASTER
COLONY CLOSES
BAKING PLANT
WESTERVILLE, OHIO - Lancaster
Colony Corp. on Feb.
3 announced it has closed its
frozen garlic bread production
plant in Baldwin Park, Calif. In
connection with the closing,
the company is discontinuing
its Mamma Bella line of frozen
decision to close the California
production plant. Lancaster
Colony continues to produce
garlic bread under the New
York Bakery brand.
garlic bread. The company said
the closing, which took place in
January, was part of " ongoing
efforts to better optimize our
manufacturing network " and
that the line was discontinued
because of its small size and
low profitability. In the company's
second quarter ended Dec.
31, Lancaster Colony took a $1
million restructuring/impairment
charge related to the
ARCADIA HIRES
STAN JACOT AS
NEW CEO
DAVIS, CALIF. - Stan Jacot
has been named chief executive
officer of Arcadia Biosciences,
Inc. Mr. Jacot most recently
was president of Jane's Dough
Foods, where he achieved a
double-digit compound annual
sales growth rate during his
six-year tenure. He previously
had senior marketing and operations
roles at Mission Foods,
Borden Dairy Co., Conagra
Foods and Kellogg Co. across the
United States and Canada. He
received a bachelor's degree in
marketing at DePaul University.
" There's a clear opportunity to
grow Arcadia's brands while
improving the lives of consumers
through our portfolio of
better-for-you products, " Mr.
Jacot said. " Now is an exciting
time to join the organization,
as we prepare for the launch
of GoodWheat pasta. " Mr.
Jacot was selected as CEO by
Arcadia's board of directors
after a nationwide search. The
role previously was held by
Matt Plavan from 2019 until his
departure this past December,
at which time Kevin Comcowich,
chairman of the board,
was appointed to the position on
an interim basis.
8
Jacot
BAKERY HELPS
DRIVE FOOD SALES
AT STARBUCKS
SEATTLE - Food sales continue
to spur growth at Starbucks
Corp. The Seattle-based
company said " record-breaking
food attach " helped drive a
6% increase in average ticket
during the first quarter. " Food
continues to grow and break alltime
records in the quarter, and
really, that's being driven by
breakfast and by bakery, " said
John W. Culver, chief operating
officer and group president
of North America, in a Feb. 1
conference call with analysts.
He did note that Starbucks has
taken action to eliminate and
reduce low-volume stock-keeping
units. " We took action to
pull some of the low volume
food items out of the stores, and
we have not had a meaningful
impact to overall sales revenue, "
he said. Starbucks first-quarter
net income was $816 million,
equal to 69¢ per share on the
common stock, up 31% from the
first quarter of fiscal 2021 when
earnings were $622 million,
or 53¢ per share. First-quarter
sales were $8 billion, up 18%
from $6.8 billion the year prior.
GOOD SOURCE
ADDS ANCIENT
GRAINS SNACKS
MILWAUKEE - Good Source
Foods is expanding its snacks
line with the addition of a
proprietary blend of ancient
grains and high cocoa mass
chocolate infused with
omega-3 and omega-6 fatty
acids. The new line includes
three flavors: Quinoa Crunch,
Hemp Hearts and Simply
Seeds. The new snacks contain
a mixture of dark chocolate,
sorghum flour, rice flour,
whole oat flour, quinoa flour,
dried blueberries, shelled
hemp seeds, pumpkin seeds,
sunflower seeds, chia seeds,
flaxseed oil and olive oil.
The snacks are non-GMO,
gluten-free and fair trade.
Good Source Foods debuted
in 2019 with the launch of a
line of chocolate clusters, each
designed to deliver functional
benefits during different parts
of the day. MBN
BRIEFS
LANCASTER COLONY, ARCADIA BIOSCIENCES, INC., STARBUCKS AND GOOD SOURCE FOODS
Milling & Baking News - February 8, 2022

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