Keurig Green Mountain Inc. and Nestlé USA are bringing Nestlé Coffee-mate branded coffee with creamer to K-Cup packs for the Keurig brewing system. Nestlé Coffee-mate is the first brand to offer a K-Cup pack for hot coffee that combines roast and ground coffee with branded creamer. The companies plan to launch the new Nestlé Coffee-mate […]
Category: National
Posted in, Corporate Store News, National
Kroger To Buy Online Retailer Vitacost.com For $280M
The Kroger Co. plans to acquire Vitacost.com Inc., a leading online retailer of healthy living products, for approximately $280 million, or $8 per share, in cash. The purchase price represents a premium of 51 percent to Vitacost.com’s closing share price on Feb. 19, 2014, the day before a major Vitacost.com shareholder publicly asked the company […]
Posted in, Grocery Industry, National
Frozen Pies And Cakes Decline As Americans Seek Gourmet Flavors, Snackable Indulgences
Few things are more American than baseball, blue jeans and apple pie, just so long as that apple pie isn’t frozen. While total retail sales of prepared cakes and pies grew 24 percent from 2009 to 2014 to reach $11.2 billion, frozen and refrigerated cakes and pies was the only segment to decline (2.4 percent), […]
Posted in, Grocery News, National
Sofi Award Winners Recognized At Summer Fancy Food Show
The winners of the 2014 sofi Awards for the outstanding specialty foods and beverages of the year were announced Monday evening during a red-carpet ceremony at the Summer Fancy Food Show in New York. The awards, considered the top honor in the $88.3 billion specialty food industry, were presented by acclaimed pastry chef Dominique Ansel, […]
Posted in, National
Pinnacle Terminates Merger Agreement With Hillshire, Will Receive $163M
Pinnacle Foods Inc. on Monday announced that it has exercised its right to terminate the merger agreement between the company and The Hillshire Brands Co. announced May 12. Pursuant to the terms of the merger agreement, Pinnacle is entitled to receive a cash payment from Hillshire Brands of $163 million as a result of this […]
Posted in, National, Suppliers
Hormel Foods Buying Maker Of Muscle Milk
Hormel Foods Corp. plans to acquire CytoSport, one of the largest sports nutrition companies in the U.S. and the maker of Muscle Milk. As a leading provider of premium protein products in the sports nutrition category, CytoSport says its brands align with Hormel Foods’ focus on protein while further diversifying Hormel’s portfolio and broadening the […]
Posted in, Equipment & Technology, National
Zero Zone Introduces ColdLoop CO2 Subcritical Refrigeration System
The Zero Zone ColdLoop CO2 Subcritical System is now available for food retailers who want a reliable, efficient refrigeration system to cool their food display cases, but one that won’t be harmful to the environment and the ozone layer. Retailers now have an environmentally friendly alternative to traditional refrigeration systems, which use large amounts of […]
Posted in, National, Southeast
Gold Creek Foods Purchases Schreiber Distribution Center
Gold Creek Foods has acquired a 124,000-s.f. distribution and production facility in Gainesville, Ga., to meet customers’ and vendor needs and advance its corporate growth business plan. The company acquired a 24-acre site at 2255 White Sulphur Rd., which formerly housed Schreiber Foods. The site is in an established industrial sector of Gainesville, has rail access, […]