Washington, D.C.—The U.S. Department of Agriculture (USDA) will purchase $20 million worth of cheese and donate it to food banks in an effort to modestly reduce the cheese surplus that is at a 30-year high. According to a report by NPR, the surplus resulted when dairy farmers, responding to record...
French dairy company Danone, marketed in the United States as the Dannon Company, acquired Denver, CO-based WhiteWave Foods Co. for $10.4 billion, making this the company’s biggest acquisition in a decade. With brands that include Horizon Organic milk, Wallaby Organic yogurt and Earthbound Farm packaged salad, top sellers in their...
St. Louis, MO—Monsanto has turned down a takeover bid from Bayer AG valued at more than $65 billion. Bayer reportedly tried to sweeten the deal several times in an attempt to win over Monsanto shareholders, raising its all-cash offer from $122/share to $125/share, totaling $65 billion. Bayer also offered a...
Chester, NJ—Dean’s Natural Food Market has opened a new location in Chester, NJ. Said to be NJ’s largest organic grocer, the chain now has 120 employees and four locations throughout the state. The third location opened four years ago, just a few months after superstorm Sandy ripped through the state...
Once Again Nut Butter, based in Nunda, NY, has opened a new state-of-the-art 37,000-ft² manufacturing plant. The $13-million expansion project will add 15 new jobs to its 67 existing positions and create the most significant economic growth Nunda has had in the last 10 years. The plant, which was created...
Washington, D.C.— To help promote transparency, the U.S. Department of Agriculture’s (USDA) Food Safety and Inspection Service (FSIS) announced it will begin sharing with consumers food safety data from slaughter and processing facilities. “FSIS’ food safety inspectors collect vast amounts of data at food producing facilities every day, which we...
Los Angeles, CA—The U.S. Food and Drug Administration (FDA) issued a letter of non-objection to Axiom Foods regarding the GRAS status of its Oryzatein organic brown rice and Vegotein pea protein ingredients. According to the firm, this is the first time a rice protein has received this designation. In an...
New research published in the Journal of Public Policy and Marketing suggests consumers may switch to a lower-calorie option when color-coded or numeric calories are labeled on food menus. During a six-week study, researchers examined 249 corporate employees ordering lunch through a newly-developed online portal. The portal, displayed menu items...
New York, NY—On June 8, Fairway Group Holdings Corp, the parent company of Fairway Market, unanimously won the court's approval for a Plan of Reorganization. The plan, which will reduce the company’s debt by $140 million and reduce the annual debt service obligations by up to $8 million, will allow all...
Silver Spring, MD—The U.S. Food and Drug Administration (FDA) issued a warning letter to Austin, TX-based Whole Foods Market for not sufficiently addressing the long list of food safety violations accrued at the Whole Foods Market North Atlantic Kitchen after a series of inspections this past February. This facility is responsible...
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