In connection with this week’s official $100 billion merger of Anheuser-Busch InBev and SABMiller, Altria Group Inc. received 185,115,417 restricted shares of the combined company, AB InBev, representing a 9.6 percent economic and voting interest in AB InBev, and approximately $5.3 billion in pre-tax cash. In addition, Marty Barrington, Altria’s chairman, CEO and president, and […]
Category: Suppliers
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NatureSweet Tomatoes Taps Former Walmart, Costco Exec For Leadership Team
NatureSweet Tomatoes has named Manolo Reyes VP of business development. In his new position, Reyes is responsible for expanding the NatureSweet brand along with identifying and pursuing long-term growth opportunities to deliver sustainable profits for the company. He will report directly to CEO and President Bryant Ambelang. “I am thrilled to be joining NatureSweet, a […]
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Velvet Ice Cream Completes Ohio Plant Expansion
Velvet Ice Cream has opened the largest expansion capital improvement in the company’s 102-year history. Velvet broke ground on the new 23,000-s.f. expansion, with a price tag of more than $3 million, last August. The expansion adds a new state-of-the-art warehouse freezer distribution facility to Velvet’s central Ohio plant at Ye Olde Mill in Utica, more […]
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Most Consumers Say They Lack Access To Information About Food, Research Shows
More of today’s consumers crave information about food and how it’s produced—but the latest consumer trust research from The Center for Food Integrity (CFI) shows that most are hungry for more. Only 28 percent—or slightly more than one in four—strongly agree with the following statement: “I have access to all the information I want about […]
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Duke Food Productions Expanding Westward With Texas Plant
Duke Food Productions, one of the top industrial food manufacturers of branded and private label brands, is establishing a new manufacturing facility in Texas. The 110,0000-s.f. plant marks the company’s first expansion outside of South Carolina. Duke anticipates a $10 million capital investment and the addition of 200 new full-time jobs at the location over […]
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FDA Will Redefine ‘Healthy’ Claim For Food Labeling
The U.S. Food and Drug Administration has started a public process to redefine the “healthy” nutrient content claim for food labeling. Redefining “healthy” is part of an overall plan to provide consumers with information and tools to enable them to easily and quickly make food choices consistent with public health recommendations and to encourage the […]
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Bueno Foods Celebrates 65 Years Of Authentic New Mexico Chiles
Green chiles have become synonymous with the state of New Mexico. Bueno Foods is among those largely responsible for this association. It has established itself as a purveyor of family values and southwestern cuisine. This year, the business celebrates its 65th anniversary of delivering New Mexico green chiles across the U.S., while maintaining a strong […]
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Upcoming Workshop Intends To Help Food Industry Manage Labeling Changes
For the first time in more than 20 years, a new Nutrition Facts label was unveiled on May 20. For the Nutrition Facts Panel, manufacturers have two years to comply. This latest update accompanies many other labeling requirements that will impact package design—including GMO disclosure, health claims, natural claims, agency-specific labeling, vending labeling and more. In […]