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General Mills to Sell Green Giant

B&G Foods to purchase iconic brand for approximately $765 million
September 3, 2015
General Mills, Inc. announced that it has reached a definitive agreement to sell its Green Giant and Le Sueur vegetable businesses to B&G Foods, Inc., for approximately $765 million in cash, subject to an inventory adjustment at closing.
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Food Industry News

Winsight Acquires Technomic

Technomic will continue to operate under its brand name, and will serve as Winsight's information and advisory services platform
September 3, 2015
Technomic was acquired from its founder, Ron Paul, who spent much of the last 50 years establishing the business as the "go-to" source for food and foodservice industry insights and strategic advice.
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John Wallace Joins Flavor & Fragrances Specialties

Flavor & Fragrance Specialties, Inc. is a privately held, full-service flavor and fragrance company located in Northern New Jersey
September 1, 2015
He will be responsible for Fragrance sales and business development primarily for the Midwest territory.
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MusclePharm to Position Company for Future Profitability

The announcement follows recent moves by MusclePharm to build on the company’s core strengths as a sports nutrition brand
September 1, 2015
MusclePharm will be working to increase operating profit margins to 10% and earnings before interest, taxes, depreciation and amortization (EBITDA) margins to 15 percent by 2020.
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Global Organic Food Market to Grow 16% by 2020

Increasing purchasing power and growing awareness regarding health benefits of organic food to drive global organic food market through 2020
August 31, 2015
Other factors driving organic food sales across the globe include increasing income levels, improving standard of living, and government initiatives aimed at encouraging widespread adoption of organic products.
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ADM Names New Leaders of Wild Flavors

Executives bring deep commercial, operations, sales experience to key food-ingredient businesses
August 28, 2015
Archer Daniels Midland Company named Kenneth Campbell president of the company’s WILD Flavors business, and named Manda Tweten president of the company’s Specialty Commodities business (SCI).
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Food Industry News

Hearthside Achieves Two Major Acquisitions

Hearthside Food Solutions acquires bar-maker VSI, as well as Idaho production facility
August 27, 2015
Hearthside, with 19 U.S.-based facilities, is currently North America’s largest contract manufacturer of bars and baked goods. The VSI acquisition adds three European manufacturing facilities for nutrition, diet, and functional bars as well as best-in-class R&D, formulation, and innovation capabilities.
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