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Top Story
Flowers Holds Town Hall Meeting at NYSE
In an extensive "Meet the Management Team" presentation at the New York Stock Exchange, top officials at Flowers Foods outlined information on the company's growth strategies, consumer trends, market share, new products, supply-side chain strategies and financial projections for 2010. Although Flowers Foods expects record growth this year, the Thomasville, Ga.-based company has been forced to step up its promotional activity recently to defend its share of the market, says George Deese, chairman, CEO and president. A cautiously optimistic Deese adds that he hopes such activity will return to more normal levels in the future.
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People and Promotions
Shiver to Become Flowers Foods' President
In a much-expected move, Allen Shiver, who has been executive vice president and chief marketing officer of Flowers Foods, will become president of the Thomasville, Ga.-based company, effective Jan. 1. As president, Shiver will provide oversight for operations and will be more involved in strategic growth planning. He will continue to lead the company's national sales teams and marketing efforts. George Deese, Flowers Foods' chairman, CEO, and president, will continue to serve as chairman and CEO.
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Focus on Innovation
Taking a Fresh New Approach to Bagels (Part 1)
Back in the 1990s, it was a bull market in more ways than one. In addition to stocks, the decade featured the great bagel run. However, during the low-carb craze in the early 2000s, sales of bagels came down to earth. Now, bagel producers are striving to reinvent their category's image with bite-sized, portion-controlled and nutrient-filled products that are relevant to today's fickle, calorie-conscious consumers. In the first part of our series on this category, Snack Food & Wholesale Bakery
magazine talks to Heather Collins, director of marketing at Sara Lee North American Fresh Bakery, based in Downers Grove, Ill. more
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New Products & Distribution Channels
7-Eleven Adds Private Label Baked Goods
To complement its steadily growing line of 7-Select
private label products as well as the fresh-baked daily items in its bakery case, some 5,700 participating 7-Eleven stores are adding 15 packaged bakery items under the company's private label brand. The new items include everything from mini-donuts, cupcakes and Danish to bear claws, snack pies and honey buns, according to the Dallas-based company. more
Mergers & Acquisitions
Acquisition Expands National Starch's Capabilities
National Starch, a subsidiary of AkzoNobel, has recently completed the acquisition of Penford's Australian specialty grainwet milling and manufacturing facility based in Lane Cove and other intellectual property and assets of Penford's Australian specialty starch business. Terms were not disclosed. The acquisition will expand National Starch's regional capability to supply specialty corn starches into food applications in the Asia-Pacific region.
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Equipment, Systems & Components
Takes a Lickin' and Keeps on Tickin'
To celebrate the 50th anniversary of its ROLLFIX sheeter that is still in operation, Fritsch held a contest that attracted more than 100 bakers across the world. In the end, it found a 49-year-old system by German pizza baker Uwe Hug, who will receive a new ROLLFIX 600 from the company.
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Lawsuits & Settlements
Kemin, OmniActive Settle Dispute
Kemin Foods, L.C., OmniActive Health Technologies, Inc. and OmniActive Health Technologies, Ltd. have reached a settlement on a patent dispute. The parties agree that Kemin's U.S. Patent No. 5,382,714 titled "Process for Isolation, Purification and Recrystallization of Lutein from Saponified Marigold Oleoresin and Uses Thereof" and the reissues of that patent are valid and enforceable.
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