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Nielsen and Label Insight Announce Strategic Alliance

Partnership to bring label transparency to consumer packaged goods
December 8, 2016
Together, Nielsen and Label Insight will develop and maintain a CPG industry retail and consumer measurement capability incorporating food, beverage and non-food ingredients, nutrients and US government regulated product attributes.
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Food Industry News

Cott Corporation CEO Receives Award

EY names Cott Corporation CEO Jerry Fowden EY Entrepreneur Of The Year® 2016 National Category Winner for Retail and Consumer Products
December 7, 2016
Now in its 30th year, the award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities.
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Tyson Foods Creates Venture Fund

New fund set to fuel the future of food innovation
December 7, 2016
As part of its commitment to innovation and growth, Tyson Foods, Inc. launched a venture capital fund focused on investing in companies developing breakthrough technologies, business models and products to sustainably feed a growing world population.
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Corbion, BASF Finalize Deal

Corbion assumes sales and marketing activities for BASF's Human Nutrition food emulsifiers and food performance systems in North America
December 6, 2016
According to the company, consumers demand healthier indulgence baked goods, and formulators seek innovative solutions to achieve the perfect combination of taste, structure, texture, volume, and shelf-life.
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Ingredion to Distribute Sweegen’s Stevia Sweeteners

SweeGen’s zero-calorie sweeteners have a clean, sugar-like taste and are suitable for use in a variety of foods and beverages
December 6, 2016
Ingredion will distribute these sweeteners initially in the United States and subsequently in other countries as additional regulatory approvals are granted.
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Kemin Expands Fats & Oils Team

Shelf life extension and food safety solutions company adds three new members to its fats and oils group
December 6, 2016
Jody Jenkin has joined the team as Product Manager, Chandra Ankolekar, Ph.D. is Technical Service Manager, and Tony Bombard is Technical Sales Manager.
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Food Industry News

B&G Foods Completes Acquisition

B&G Foods purchases ACH Food Companies, Inc., a supplier of spices and seasonings to retail and food service customers, for $365 million in cash
December 2, 2016
B&G Foods expects to realize approximately $83.0 million in tax benefits on a net present value basis.
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Barry Callebaut Targets 100% Sustainable Chocolate

Barry Callebaut’s new sustainability strategy includes four targets that the company expects to achieve by 2025
December 2, 2016
Barry Callebaut, a manufacturer of high-quality chocolate and cocoa products, published its new sustainability strategy “Forever Chocolate,” with the ambition to move sustainable chocolate from niche to norm in less than a decade.
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Hormel Foods to Sell Clougherty Packing

The purchase price was $145 million in cash, subject to working capital adjustments at closing
December 2, 2016
The transaction is subject to customary closing conditions, including the receipt of regulatory approvals, and is expected to close within 30 days.
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Food Industry News

Greencore to Acquire Peacock Foods

Peacock Foods is a convenience food manufacturer with strong positions in frozen breakfast sandwiches, kids’ chilled meal kits and salad kits
December 1, 2016
Greencore Group plc, an Ireland-based international convenience food business, announced the proposed acquisition of Peacock Foods for $747.5 million.
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