Shearer’s Foods, owned by Toronto-based Wind Point Partners, acquires the assets of Medallion Foods from Omaha, Neb.-based ConAgra Foods for $33.5 million. Medallion Foods produces value- and private-label, corn-based snack foods, including tortilla chips, corn chips and extruded corn products. ConAgra bought Medallion Foods as part of its purchase of Ralcorp Holdings Inc. in early 2013.
The changes to the Nutrition Facts Panel on food and beverage labels are well-intentioned, but do consumers care? Not much, according to The Hartman Group.
The American Pie Council will hold its 2014 Great American Pie Festival April 26-27 in Celebration, Fla. The family-friendly event will feature a never-ending pie buffet, pie-making experts, contests and more.
Food processing and packaging firms are increasingly affected by consumer moves to avoid gluten, dairy, soy and other ingredients, according to Packaged Facts. They want more ‘free-from’ allergen-type foods.
Farmers may be liquidating some corn they have stored ahead of spring planting, making more of the grain available to exporters, ethanol producers and livestock feeders. Nonetheless, corn futures have plunged amid the speculation.
A new report on the modified starch market by raw material and application indicates that the market is expected to grow at a rate of 4.1% from 2013 to 2018.
Facing tighter competition for fast-food breakfast items from traditional and nontraditional competitors as well as a generational values shift, McDonald’s is testing new breakfast menu items.
There are plenty of reasons to make the move. The way consumers view and interact with packaged products is changing. With more needs for convenience and sustainability, conventional package types are being replaced by flexible options designed to meet these consumer needs. The flexible packaging market is estimated to be worth $351 billion by 2018, so it’s quickly gaining market share from other sectors such as rigid containers.
Pizza’s pretty popular. Nearly 13% of Americans eat pizza on any given day, according to a survey from the U.S. Dept. of Agriculture. The report also factored in the nutrient contribution of pizza consumption.
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