Breaking News

RSS

AAK, one of the world’s leading manufacturers of high value-adding specialty vegetable fats and oils, officially opened its new innovation center last Thursday, March 2. The facility, named “AAKtion Lab,” is located at the company’s US headquarters in Edison, N.J., and will be the flagship application lab for the company’s co-development process.

Freed brings more than 6 years of confectionery product development experience to the AAK team, from companies like International Flavors & Fragrances and Uncle Dave’s Ice Cream.  Most recently, Freed developed and played a key role in launching innovative confectionery products at Barry Callebaut. 

JBT Corporation, also a global leader in food and beverage processing solutions, has curated customer solutions up and down the line – from cooking, frying and chilling to portioning, sorting, weighing and grading in the protein market to extraction, mixing, blending, filling, closing and sterilization in the liquid foods market.

The deal is Upper Street Marketing's entrance into the flavored malt beverage industry. A former executive from Mike's Hard Lemonade, Chris Pfeifer, is the new venture's chief marketing officer.

The new team balances continuity in key positions through exceptional leaders from within the company and world-class talent from outside of Hershey. 

Bonduelle, a maker of ready-to-eat vegetables, present in canned, frozen, fresh cut and delicatessen has executed an agreement to acquire Ready Pac Foods, a US company specializing in single serve salad bowls.

The transaction will be financed from cash on hand. Based on current operating results, the acquisition is expected to be accretive to Maple Leaf's earnings in 2017. The deal will close in March, subject to customary US regulatory review. 

Tyson Foods president and CEO Tom Hayes outlined his vision for how the company will shape the future of food. Speaking at the 2017 Consumer Analyst Group of New York (CAGNY) Conference along with Sally Grimes, president of Tyson’s retail business, Hayes said the company is strong today and will lead for tomorrow by growing its portfolio of protein-packed brands and delivering sustainable food at scale.