Waukesha, Wis.-based milk processor Golden Guernsey, a portfolio company of private investment and acquisition firm OpenGate Capital, has filed for Chapter 7 bankruptcy in Delaware. This action follows the Jan. 5 closing of Golden Guernsey’s facility. OpenGate Capital acquired Golden Guernsey in September 2011 from Dean Foods after the U.S. Department of Justice required Dean […]
Category: Suppliers
Posted in, National, Suppliers
Hormel Foods Buys Skippy Peanut Butter Brand For $700M
Hormel Foods, the maker of Spam luncheon meat, is paying $700 million to buy the Skippy peanut butter brand from consumer products maker Unilever, the companies announced today. CNNMoney reports that Hormel said Skippy has annual sales of $370 million, nearly $100 million of which comes from outside the U.S. Skippy, which was first introduced […]
Posted in, National, Suppliers
Hostess Employees Hope Buyer Will Put Them Back To Work
Former employees of Hostess Brands Inc. are now hoping that a buyer will save pieces of the liquidating company and put them back to work, according to the Jacksonville Business Journal. Irving, Texas-based Hostess set a 5 p.m. Nov. 15 deadline for workers involved in a union-organized strike to return to work. The company warned […]
Posted in, Suppliers, West
House Foods America Acquires El Burrito Mexican Food Products
House Foods America Corp., subsidiary of House Foods Corp. Japan, has completed its acquisition of El Burrito Mexican Food Products Inc., a leading healthy Mexican food brand based in City of Industry, Calif. The transaction includes substantially all of the assets of the company, which will be renamed El Burrito Mexican Foods Products Corp., and […]
Posted in, Southwest, Suppliers
Cargill Donates 600 Turkeys To Arkansas Foodbank
Cargill’s turkey processing facility in Springdale, Ark., collaborated with the tri-state Poultry Federation representing Arkansas, Missouri and Oklahoma to donate 600 turkeys—totaling 15,400 pounds—to the Arkansas Foodbank in Little Rock, including a truckload of turkeys delivered this week for Thanksgiving. Over the past 20 years, Cargill’s Springdale facility has donated more than 288,000 pounds of […]
Posted in, National, Suppliers
New Kraft Foods Group Reports 3Q Net Revenue Increase
Newly independent Kraft Foods Group Inc. has reported strong third quarter 2012 results with top- and bottom-line growth fueled by new products, increased investments in advertising and consumer spending, and significant productivity gains. “Our third quarter results demonstrate the power of our brands, our people and our innovation,” said Tony Vernon, CEO of Kraft. “We […]
Posted in, Northeast, Suppliers
Goya Donates 300K Pounds Of Food, 25K Meals To Sandy Victims
Goya Foods, America’s largest Hispanic-owned food company, is donating more than 300,000 pounds of Goya products and more than 25,000 meals to victims of Hurricane Sandy in New York and New Jersey. With the aid of City Harvest in New York, The Community FoodBank of New Jersey, The United Way of Hudson County, local elected […]
Posted in, Northeast, Suppliers
Wakefern Food Corp. Installing Solar Rooftop At D.C. In Keasbey, N.J.
Wakefern Food Corp. and NJR Clean Energy Ventures (NJRCEV), a subsidiary of New Jersey Resources, have started work on the installation of a rooftop solar system at a Wakefern Food Corp. distribution center in Keasbey, N.J. The 2.4 megawatt solar system will supply power to a refrigerated warehouse, helping lower Wakefern’s long-term electricity costs and […]