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Food Industry News

Cott Acquires S&D Coffee and Tea

Cott announces acquisition of S&D Coffee and Tea, reports second quarter 2016 results and declares dividend
August 4, 2016
Cott Corporation announced its results for the second quarter ended July 2, 2016, and also announced that it has entered into a definitive stock purchase agreement to acquire S&D Coffee, Inc. ("S&D"), a premium coffee roaster and provider of customized coffee, tea, and extract solutions to the foodservice, convenience, gas, hospitality and office segments in the United States. The purchase price is approximately $355 million, on a debt and cash free basis, and represents a high 6X post synergy adjusted EBITDA multiple.
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Food Industry News

The Puratos Group Receives Vendor Recognition

Piantedosi Baking Company awards Puratos Group with Vendor Excellence
August 4, 2016
During the anniversary breakfast, the Puratos team accepted the award from Carmine Piantedosi (Owner, 4th generation) and Kumar Ponnamalam (Manager of Production), in front of guests and other vendors.
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ISC Gums Hires Technical Sales Representative

Lesia Zimmer Joins ISC Gums to develop and manage customer business relations
August 4, 2016
In this role she will be responsible for developing and managing new and existing customer business relations.
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Food Industry News

Doehler Acquires Teawolf

Teawolf is a manufacturer of botanical extracts and natural ingredients in the United States
August 4, 2016
The global producer, marketer and provider of technology-driven natural ingredients, ingredient systems and integrated solutions for the food and beverage industry has acquired Teawolf, a manufacturer of botanical extracts and natural ingredients in the USA.
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Patrick Cudahy Names New Chef

New chef and brand ambassador, Heath Barbato, is the Lambeau Field Executive Chef for the Green Bay Packers
August 3, 2016
The addition brings two Wisconsin staples together, Patrick Cudahy and the Green Bay Packers.
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Defy Convention! Noosa Yoghurt Finds Footing in Competitive Category

The Prepared Foods New Products Conference is the food & beverage industry’s premier event for gaining valuable insights into global new product introductions
August 3, 2016
That’s exactly the case at noosa yoghurt, a Bellevue, Colo., company that’s grown to more than $100 million in sales with strong national distribution in just six years.
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Forrest E. Mars, Jr. Dies at 84

Forrest E. Mars, Jr. dedicated himself to building Mars, Incorporated as a principles-led business that creates mutual benefits for all stakeholders
August 2, 2016
Mars a businessman, who together with his brother John and sister Jacqueline, inherited a significant business and grew it into one of the world’s largest and most respected family firms.
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Big Changes to McDonald’s Food

McDonald's originally set out to achieve its antibiotics chicken commitment by March 2017
August 2, 2016
McDonald's USA announced a number of moves across its menu as the company continues to evolve.
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Food Industry News

NOVACAP to Sell Idaho Pacific to Arlon Group

Idaho Pacific has been a portfolio company of the NOVACAP Industries III fund since May 2011
August 1, 2016
The Arlon Group is a food and agriculture investment firm with a global network that supports investments across the food supply chain in the Americas
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Innovation’s Edge: Bottling The “Suja Experience” in Organic Juice Drinks

The Prepared Foods New Products Conference is the food & beverage industry’s premier event for gaining valuable insights into global new product introductions
August 1, 2016
Named by Forbes one of “America’s Most Promising Companies” (No. 2), Suja has introduced more than 80 new products in three years. It also continues to grow, thanks to a 2015 minority investment from The Coca-Cola Company. Learn how Suja maintains its disruptive edge with more new products (including probiotic waters, nutrition shots) while it expands both physically and geographically!
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