Milling & Baking News - December 4, 2018 - 50

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THE NEWS

2018

-BASED FOODS
OF GRAIN
WEEKLY

s.net

nessnew

m / foodbusi

siness.co

bakingbu

TECHNOLOGY
MILLING

short;
fits fall
Mills pro tumble
Generalased shares
te
to mitiga
in-b
Efforts
expengraEAPO
LIS -
ing of
e
tighten

THE NEWS WEEKLY

acquires
Nisshin in Thailand
Flour Millflour mill
n STC
iary
subsid
- Nisshi

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MAY 22, 2018

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rces and added capacity
sou
itions
starch
LATE NEWS
nd. Inh acquis
n, Thaila acturd throug
ingandin
in Bangle
ADM expan
Morriso
InvestCargil
is based n es four manuf
l
which
operat steps

ons
ient Soluti
Food Ingred

®

Story on Page

Savage Comp
Bartlett millinanies merging with
g, grain busin
SALT LAKE
CITY
nies and Bartlett - Savage Compaesses
and Company
announced

have
an agreement
under
Bartlett Grain
Co. and Bartlett which
Co. will merge
Milling
with Salt Lake
based Savage.
City-

28

A specialist
in supply chain
Savage has
services,
more than
4,000
ees in 250
operation locationsemploythe United States,
across
Canada, Mexico
Saudi Arabia.
and
The company
rail, truck and
focuses
marine transportat on
logistics, materials
ion,
handling
er industrial
and environmenand othvices. Savage
tal serworks with
in the oil refining,
companies
power generation, and distribution
rail, food and
centers across
agriculture,
United States.
the
chemical and
oil
Savage operates
petrochemical, and gas, than 40 transload
more
struction industries.
and conAmerica, where terminals in North
In food and
cluding sugar, food ingredients, inagriculture
customers
flour, malt
include leading, Savage's sweeteners
producers as
are transferred and corn
fertilizer
well as companies
different
between
ing food-grade
mov- tablished modes of transportat
products to
ion. Esin 1946, Savage
warehouses
Companies

TOKYO Ltd., the Thai 's Nisshin
ing Co. n Seifun Groupacquired a
fying
n now Thailand.
Co., has Pacific Flour
of Nisshi
Ingredion,
diversi in- gredio
ient," said
s in
Milling
ers are
Flour
facilitie on-trend ingreder, marketplant from nd for $16.8
ent suppli s while starch ts ingCAMDEN,
an
Thaila
Nismanag
ngredi
flour milling
for Insource
"Rice is n, N.J.
ition,
- Denise
Ltd. in
senior
d on elemen
board
M. Morrison has retired
N.J.
their starchare centere
Mill Co., With the acquis doubled
ing sauces
Pat O'Brie
asSpring
water,
some
than
the president
.
chief
Whole
and
novations foods, includ filling in
in Bridge
of executive
million Milling more capacity to
icand
officer
based
of llergen
baked
and fruit and Ar- ing
the Campbell Soup
n and
nalhypoa
shin STC t production
n said.
Co., effective
within
Nisshi
Cargill
food meals
or functiouses,
in gredio
immediatel
Continued on
Keith
non-G.M.O.,
superi
its curren per day, the recently
Page 10
of y.
in frozen Ingredion, Inc., all invested
"It is R. McLoughlin
Plus, its a, variety
Co.
ts,
of the -free.
that
630 tonnes
for a member
y.
desserts. s Midland
has proproduc
gluten board
of directors,
it ideal
n noted
recentl
ac- named
dairy
which
per
has been
Nisshi
interim c.e.o.,
cher Daniel capabilities Ill., in 2017
tonnes
ity makes
sed plant,
baby foods,
and the ."
ester,
busi- pany hasing
com-in tanpurcha capacity of 350 is located
-free bakery
their starch
includ begun
the search
ion, Westch and rice flour Ltd., leader.
n
lent),
may
and gluten
for work
a new
Ingred
ductio
"Denise
starch
of manyKANSAS
t equiva
ry Co.
snacks
port, Laem
or floura flours
the rice
Indust
CITY - A major
starchhas been
advocate
day (whea nd's largest Milling ess andpassionate
Riceand
quired
and tapi-underway
leader
Sun Flour
starche
over her, 15
corn
at the Cloverhill turnaround stock,
with the company,"
years
near ThailaNisshin Flour Milling and
potato
ness from
up 51% from
dem with
quired from
ingsaid
8
ng.
STC
Lee
includ
ney,
Page
n
Aryzta, L.L.C. bakery ac- $15,832,000
C. Vin- ute to
earnings of
Chaba
chairman
on
bases,
of the board. can contrib
year
in the same
earlier this
ed Nisshi Continued
said.
ce, helped boost first-quarter
made oca,
period a year
al "She has
ago. The most
he important
tablish
many
s toleranat Hostess
recent
results a gain
contribution
base materi
Brands, Inc.
over the past
, proces s
flavor
"Theseven
of $12,372,000 quarter included
texture
years
tion and ny22executives optimisticand has compa- out
related to the
as chief
ecutive functio
Page
genera
exof
officer nality,
a tax receivable
buyabout growth
to
ed on prospects moving
opacity
y, reposition
agreement.
in the rapidly
Continu
increased 13%
forward.
stabilit changing Campbell
Hostess net
to $208,743,000 Sales
food industry." The announcem
income in the
$184,538,000
from
ter ended March
.
first quarent came on
31 totaled $23,841,000,
Adjusted earnings
the
equal to 24c
Continued on
per share for
per share on
Page 8
the
the common first quarter was 14c,
down from
the year before.
Adjusted EBITDA 15c
first quarter
PM
in the
was
12:00:58
3/23/2018
22.5% of revenue.$47 million, equating to
down 14% from Adjusted EBITDA was
2017.
Acknowledging
headwinds
transportation,
from
lost sales and corrugated pricing and
costs, C. Dean increased outsourcing
Metropoulo
of Hostess,
s, chairman
was nonetheless
comments to
analysts during upbeat in
a May 9
Continued

at Campbell

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OF GRAIN-BASED

bakingbusiness.

MINN
ic revenu
costs,
strateg
steps
rising freight"targeted
and
" are among
ditures
actions
in the wakeement
taking
INGREDIENTS UPDATE
manag
Inc. is
of the compa
l Mills,
quarter
Genera
lt third
ended
of a difficufiscal year.
quarter
the
ny's 2018
in the third
than in
mostly
Net incomesharply higher
boosted
was
Cuts
Feb. 25
r last year, to the Tax
).
ted
million
third quarte
s attribu
at $504 quarter
by benefitAct (estimated
in the
, I'm
and Jobs operating profits
growth
ed
has been
c net sales on the botAdjust
d.
this year
ance
ing
r of organi
results
thinking
decline
y goal
e perform cy," quarte ointed in our uarter operat a"Our primarour top-lin
Long-term for
third-q
our expecting
hen
our efficien an disapp
line.  Our short of
fruit
chairm
ining
to strengt
s
tom
impact r
mainta Harmening,
bear
I'm
fell well pressures are
broade
while
L.
"While
profit
Foods
Like the Page 20
and cost
the first
Rogers
said Jeffreyexecutive officer.
outlook.  sed
ed on
ing on
Page 31
er tions,full-yearGrain-ba
Continu
deliver
foods
Story on
consum
and chief
our
that we're with strong
receive mixed
e expleased
reviews
that goal, tion, and in-stor utive
part of
in IFIC survey
innova second consec
to a
marketing,
leading
NEWS
ecution
LATE

COMPANY

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001_MBN_May22_

18.indd 1

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50 / December 4, 2018

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