David H. Murdock, Dole’s chairman and CEO, has completed his acquisition of Dole Food Co. Inc. The $13.50-per-share purchase price represents a total valuation of Dole at more than $1.6 billion, including net debt, fees and expenses. The going-private merger agreement was approved on Oct. 31 during a special meeting of the Dole stockholders. Dole’s […]
Category: Suppliers
Posted in, Beverage News, National, Suppliers
U.S. Beer Consumption Is Up; Rising Demand For Higher-Priced Offerings
The beer industry saw gains in both dollar and volume in 2012 after a three-year downturn. Well-marketed new products and slight improvements in the unemployment rate contributed to the beer industry’s overall growth. Although the second half of the year didn’t fare as well from an economic standpoint, the industry was still able to see […]
Posted in, Midwest, Suppliers
Mars Associates Volunteer With Habitat Topeka Prior To Plant Opening
Mars Chocolate North America’s manufacturing plant in Topeka is scheduled to open later this year and, earlier this month, approximately 50 Mars associates participated in the Mars Volunteer Program by volunteering with Habitat for Humanity of Topeka to build a home. The effort was part of M&M’S effort to “M’Prove America,” a program designed to […]
Posted in, Beverage News, National, Suppliers
Budweiser’s Brewmaster Tour Will Visit Dozens Of U.S. Cities
Since 1876, Budweiser has been brewed by skilled brewmasters using techniques and processes that have been passed down from generation to generation. Now, the brewmasters behind every bottle, can and keg of the American lager are launching a mobile brewing experience to provide consumers their own taste of the art, science and passion that goes […]
Posted in, National, Suppliers
Chobani, Cornell Univ. Join Forces For Food Science, Dairy Innovation
Chobani Inc., maker of America’s No. 1-selling Greek yogurt brand, and Cornell University are partnering to promote innovation in dairy and food science. Made possible by a $1.5 million gift from Chobani to the university, the partnership marks an important step in elevating the broader dairy industry and New York State’s role as a Greek […]
Posted in, National, Suppliers
Smithfield Shareholders Approve Merger With Shuanghui International
Smithfield Foods Inc.’s shareholders have voted overwhelmingly to approve the proposed strategic combination with Hong Kong-based Shuanghui International Holdings Ltd., according to the company. At a special meeting of Smithfield shareholders held Tuesday, more than 96 percent of the votes cast were in favor of the transaction, which represents approximately 76 percent of Smithfield’s total […]
Posted in, Suppliers, West
Alvarado Street Bakery Named A 2013 Great Place To Work
Great Place to Work Institute named Alvarado Street Bakery No. 23 on its annual Best Small & Medium Workplaces in the U.S. list, which is published in Fortune magazine. The Petaluma, Calif., company was selected from hundreds of businesses across the country in a process that consisted of employee questionnaires and a workplace audit. Great […]
Posted in, National, Suppliers
GMDC Recognizes Top 10 General Merchandise Products
The Global Market Development Center’s (GMDC) GM13 Conference held in Phoenix, Ariz., earlier this month was a big success for both retailers and suppliers, according to event organizers. The Showcase, where suppliers have the opportunity to highlight their new products and/or packaging to retailers and wholesalers, was particularly helpful for conference attendees. “The Showcase was […]