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Vol. IV Issue 6 | Feb. 10, 2010
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CSM to Acquire Best Brands
CSM, Bakery Supplies North America, plans to acquire Best Brands of Minnetonka, Minn. According to Reuters, CSM will pay $510 million for the purchase, which will finance the deal with existing credit facilities. Best Brands reportedly had about $538 million in sales in 2009. According to CSM, the combined sales of the two companies will be in excess of $2.3 billion annually. Best Brands has a leading position in value-added frozen products sold to in-store bakeries, which complements CSM's HC Brill product and customer portfolio.
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IN OTHER NEWS
End of an Era for Stella D'oro Bakery
Some 78 years of breadstick manufacturing in the Bronx came to a close this week with the public auction sale of equipment from the Stella D'oro baking headquarters in New York. more
World Needs to Focus More on Agriculture
Because of improper or inefficient storage and handling, nearly 10-20% of the world's grain harvest is lost each year. As a result, mitigating such post-harvest losses is critical to ensuring agriculture's ability to fulfill the world's increasing food and energy needs, noted Patricia Woertz, chairman, CEO and president of Archer Daniels Midland Co., Decatur, Ill. more
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Fiber One 90-calorie Chewy Bars Company:
General Mills, Minneapolis Web site : www.fiberone.com Introduced: January Distribution: National Suggested Retail: $3.59 for a five-count, 4.10-oz. box Product Snapshot: Fiber One 90 Calorie Chewy Bars not only deliver 90 calories but they also contain 5 g. of fiber and 2.5 g. of fat. They are available in Chocolate and Chocolate Peanut Butter varieties.
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Gluten-free's Tricky Propositions
One in 100 Americans, or 3 million people, have Celiac disease, according to the Celiac Disease Center of Chicago, but 95% of them don't know what it is, don't know they have it or currently don't experience many of the symptoms. The inherited autoimmune disorder, which is the result of intolerance to dietary gluten in wheat, barley and rye, can cause abdominal pain, diarrhea, constipation, weight loss and iron deficiencies due to the body's inability to absorb critical nutrients. In the final part of our report, find out how bakers and snack producers are offering alternatives for this burgeoning market
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Meeting Exact Targets
Today's depositors must be versatile, precise and durable and be able to gently handle a variety of ingredients with almost seamless changeovers. In addition to multitasking, they even have to be multilingual as well. With today's fickle consumer combined with a constantly changing marketplace, nobody knows exactly what the next big trend or new hot product will be. Bakers need to be prepared to go into places and categories where they have never been in the past.
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