GrainCorp rejects ADM’s takeover bid as full-year profits soar
Australian commodity giant GrainCorp rejected ADM’s $2.8bn takeover bid stating it ‘materially undervalues’ the business.
Archives for November 15, 2012
Hostess Brands latest: We’ll liquidate if striking employees aren’t back at work by 5.00pm EST today
Twinkies and Ding Dongs maker Hostess Brands says that if employees on strike are not back at work by 5pm EST today, it will move to liquidate the company.
Sensient’s natural apple flavors to plug ‘positive nutrition’ desires
Sensient Flavors LLC has developed a new range of natural apple flavors to plug consumer demands for fruit varietals as ‘positive nutrition’ takes hold.
Tainted peanut butter shipped despite positive salmonella tests, finds FDA inspection
A US Food and Drug Administration (FDA) inspection has shown Sunland Inc cleared peanut or almond butter for distribution despite its own testing system identifying the presence of salmonella.
Sourcing non-GMO: Prop 37 supporters have lost the battle, but may ultimately win the war, predicts The Scoular Company
Despite the ‘NO’ vote on Prop 37, the momentum behind sourcing non-GMO ingredients remains as strong as ever, with non-GMO Project verified sales up 66% and a new class action lawsuit against a major food brand over ‘all-natural’ claims on products...
Diamond Foods CEO: Heavy discounting on Kettle Chips damaged its brand equity
Excessive discounting on Kettle Chips has damaged its premium positioning and hit margins, bosses at brand owner Diamond Foods have admitted.
Processing time 'miscalculation' leads to sausage recall
Pinnacle Foods Group has issued a recall of more than 90,000 pounds of bourbon barbecue sausage products because they may have been underprocessed.
Ingredion expands clean label starch options with new 'all-natural', 'high-tolerance' starch
A new functional native starch promises ‘next-generation process tolerance’ for a range of food products, including dressings, yogurts, processed soups and frozen meals, says Ingredion.