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Home » Topics » Breaking News

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Restaurant Customers Ready to Use Payment Technology, says Cornell Study

The respondents rated settlement using smartphones, table-top systems and traditional methods
October 24, 2014
As the U.S. restaurant industry gradually rolls out guest-operated payment technology, a Cornell study finds that restaurant guests are enthusiastically ready to use smartphones and table-top tablets to pay their bill.
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TERRA Chips Partners with Seed Savers Exchange

Hain Celestial raises awareness of Seed Savers Exchange's mission with two new flavors
October 23, 2014
The two new flavors are made from vegetables whose varieties are part of the collection at Seed Savers Exchange, a non-profit organization dedicated to saving and sharing heirloom seeds and plants.
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New Report Finds Ocean-based Fish Farming at Odds with Organic Standard

53 organizations agree that USDA should not allow farmed fish at sea to be labeled "organic"
October 23, 2014
The Center for Food Safety (CFS) released a comprehensive, scientific report detailing why ocean-based aquaculture (fish farming) can never be certified organic.
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Barkaat Foods Secures Shariah-Compliant Credit Facility

Barkaat to use capital to expand existing operations and develop new product lines
October 23, 2014
Barkaat Foods, a Chicago-based, Zabiha Halal protein processor, recently announced that it secured a Shariah-compliant credit facility from FirstMerit Corporation (FirstMerit) and Prairie Street Capital with the help of Sikich Investment Banking (Shariah law is the moral code and religious law of Islam). Barkaat will use this capital to expand its existing operations and develop new product lines. Barkaat expects to double its current staff of 40 people in the next year.
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Global partnership for IOI Loders Croklaan and Unilever

The partnership is designed to drive efficiencies, increase capacity and quality of specialty oils and fats
October 16, 2014
At the heart of the partnership is the shared responsibility of accelerating sustainable market transformation for Palm Oil. The partnership was signed at Unilever’s Partner to Win Summit in Wembley, London (UK).
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Multisorb Senior Management to Purchase Company

Company chairman and president partner with Summer Street Capital Partners of Buffalo, New York
October 16, 2014
Multisorb Technologies has announced that senior management, led by Michael R. McGee, chairman, and James V. Renda, president, has partnered with Summer Street Capital Partners of Buffalo, New York (USA) to purchase the company from the John S. Cullen estate.
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Ingredion to Acquire Penford Corporation

Approximately $340 million cash deal with anticipated annual synergies of at least $20 million
October 15, 2014
Ingredion Inc. announced that it has entered into a definitive agreement to acquire Penford Corp. a U.S.-based leader in specialty ingredients for food and non-food applications. The acquisition has been approved by the boards of directors of both companies.
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2014 SPIRIT OF INNOVATION AWARDS | RETAIL & FOODSERVICE WINNERS

2014 Spirit of Innovation Awards

Prepared Foods honors 2014 Spirit of Innovation new product award winners in retail, foodservice channels.
October 14, 2014
Product developers know the formula for success involves two different dimensions
Read More

Post Holdings announces management changes, reorganization

Bill Stiritz to become executive chairman; Rob Vitale president and CEO
October 13, 2014
William P. Stiritz, who has served as Chairman and Chief Executive Officer since Post separated from Ralcorp Holdings, Inc. in 2012, will continue with Post's executive team in the newly-created role of Executive Chairman. In connection with this new role, Mr. Stiritz's employment agreement was extended to October 2017.
Read More

Salt of the Earth Wins SIAL Innovation Award

Company recognized for developing new premium low-sodium sea salt and gourmet sea salt products
October 13, 2014
Three of the company’s innovative sea salt products won SIAL Innovation Selection 2014 awards. All three products will showcase at SIAL, Paris, October 19-23, 2014, at the Israel Pavilion: HALL 4, Salt of the Earth booth #M020, as well as in the exclusive SIAL Innovation area.
Read More
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