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Home » Topics » News

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Technomic Trims Restaurant Industry Growth Expectations

Moving into 2017, full service restaurant growth has been shaved by 1.4 and 0.8 points for 2016 and 2017 respectively
November 30, 2016
As consumer traffic declines, it appears that both 2016 and 2017 will not be as positive as first anticipated based on Technomic's restaurant industry forecast released in May of this year.
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The Impact of Product Innovation Focus

Accenture has quantified the economic and financial impact of leading innovation and product development practices for the eight industries
November 29, 2016
A focus on distinct innovation and product development capabilities is paying off for some companies as they deliver between 3-7% higher annualized revenue than their peers, Accenture research shows.
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SymriseWebsite_900

Symrise Launches New Website

The site describes Symrise’s strong vanilla expertise and capabilities
November 29, 2016
Symrise, a global manufacturer of flavors and fragrances, announces the launch of a new company website, https://vanilla.symrise.com/.
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Bai-Black_web

DPS to Acquire Bai Brands LLC for $1.7 billion

Founder Ben Weiss will continue to lead brand
November 22, 2016
Dr Pepper Snapple Group Inc. (DPS), Plano, Texas, has reached an agreement to acquire Bai Brands LLC, Princeton, N.J., and its complete portfolio of high-growth premium antioxidant-infused beverages. The cash purchase price of $1.7 billion includes a tax benefit of approximately $400 million on a net present-value basis and will be financed through new unsecured notes and short-term commercial paper, the company says.
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KeVita Sparkling Probiotic Drink

PepsiCo announces definitive agreement to acquire KeVita

Acquisition expands PepsiCo’s health-and-wellness offerings
November 22, 2016

Purchase, N.Y.-based PepsiCo Inc. announced that it has entered into a definitive agreement to acquire Oxnard, Calif.-based KeVita, a producer of fermented probiotic and kombucha beverages.


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2017 FABI Awards Now Open

National Restaurant Association is now accepting submissions for 2017 Food and Beverage Industry (FABI) Awards
November 21, 2016
The National Restaurant Association® (NRA) is accepting applications for the 2017 FABI Awards, its annual celebration of the year's most impactful food and beverage products. Award recipients will be recognized at NRA Show®, which runs May 20-23, 2017, at McCormick Place in Chicago.
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Steaz Executive Team Evolves

Organic beverage company bids farewell to its co-founder, hires key team member
November 16, 2016
Steaz is experiencing changes in its top ranks. As the company marks the departure of co-founder Steven Kessler, it welcomes the addition of Jody Cook, who assumes the new role of vice president of sales.
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Food Industry News

Mount Franklin Foods Acquires Candy Plant

Company adds fifth manufacturing plant to operation
November 15, 2016
Through an investment expected to total $10 million, the plant will be updated with state-of-the-art equipment, allowing the company to add vitamin gummies and other fortified products as well as organic and natural fruit snack items to its product portfolio.
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PalsgaardChasko_900

Palsgaard Names New Personnel

Jerome J. Chasko joins Palsgaard team
November 15, 2016
Jerome J. Chasko has joined Palsgaard as Technical Sales & Business Development Manager. Based in Palsgaard’s US headquarters located in Morris Plains, N.J., Mr. Chasko leads business development, sales and technical service efforts in the Midwest and Canada.
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AdvancePierre Foods Appoints Leadership

Christopher D. Sliva will assume role as president
November 14, 2016
On March 31, 2017, current AdvancePierre Chief Executive Officer John Simons will retire and will be succeeded by Sliva. Simons will remain a member of AdvancePierre’s Board following the transition.
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