Milling & Baking News - August 8, 2023 - 46

TUES | 08 08 2023
2013 MBN
The availability of
gluten-free products
at fast-food
chains like McDonald's
or Burger King
may be a couple of
years away, but other
foodservice operators
may be closer, said Steve
Hughes, chairman and
chief executive officer of Boulder Brands,
Inc., Boulder, Colo.
The Food and Drug Administration
introduced two proposed rules governing
imported foods. The proposals would
1993 MBN
In the initial week of regular trading,
common stock of Continental Baking Co.
closed last week at $97/8
, up 23% from the
previous week, when the stock traded on a
" when-issued " basis. Continental is a 55%owned
subsidiary of Ralston Purina Co.
The Quaker Oats Co.
promoted Dale Tremblay,
34, to vice president
of the company's
McDonald's Business
Unit.
The American Heart
Association has
brushed the cobwebs
off its long-defunct " HeartGuide " symbol
and has revamped the concept in a new
seal-of-approval program to debut next
month.
New Goldfish cookies introduced this
month by Pepperidge
Farm, Inc. are the second
Goldfish product recently
positioned specifically
for children age 12 and
younger.
Campbell Taggart, Inc.
this week became the second
major wholesale baker
to produce and market
1923 SWM
John Probst, a pioneer baker, for many
years in the wholesale bread business
as a member of the firm of Probst &
Schumaker, which was merged in 1910
into Shults Bread Co., died Aug. 10 at his
home in Brooklyn at the age of 89.
The fifth regular four-months' course in
the American Institute School of Baking
will begin Sept. 4, C.B. Morison, dean,
announced.
Edgar W. Smith, president of the Astoria
46 MILLING & BAKING NEWS
Flouring Mills Co., Astoria, Ore.,
announced the purchase this week by his
firm of the Helix Flour Mills, Helix, Ore.
Clarence Saunders, president of the
Piggly-Wiggly Corp., has filed a petition
in the United States district court in
Memphis for a receiver for the company.
The country home that Mr. Saunders
had been building in Memphis at a cost
of $800,000 is to be completed into the
" Millionaires' Club, " composed of the
richest men of Memphis.
As $10,000 fire loss in its Manhattan,
Kan., mill was suffered Aug. 11 by the
Thomas Page Milling Co.
The Nafziger Baking Co., Kansas City,
has purchased the property of the Davidson
Baking Co., Decatur, Ill., giving
the Nafziger organization two plants at
Decatur.
Two more mills in the Southwest are
modernizing their power plants with
the installation of oil engines. MBN
bakingbusiness.com
shelf-stable wheat tortillas.
Specialty Foods Corp., a new corporation
formed by a group of Texas investors,
has completed the $1.1 billion purchase of
investments in eight major food companies
from Beledia N.V. and its affiliates,
Artal Belgium S.A. and Invus Group of
New York.
In response to further disclosures about
losses at Ferruzzi Finanziaria (Ferfin)
and its subsidiary, Montedison, due in
part to " hidden " losses in commodity
futures trading, the Ferfin share price on
the Milan Stock Exchange collapsed last
week.
make importers accountable
for verifying their foreign
suppliers are working under
prevention-oriented food
safety practices.
Pepperidge Farm, a division of
the Campbell Soup Co., is targeting teenagers
with its latest variety of Goldfish
snacks. Made in a certified gluten-free
facility, Goldfish Puffs are available in
Buffalo wing, cheddar bacon and megacheese
flavors.
Bimbo Bakeries USA said it will close
its baking plant in Easton, Pa., by the end
of the year. The plant employs 200 and
bakes hamburger and hot dog buns.
Frito-Lay North America has filed for
a patent that involves crisp bread snack
food products based on traditional bread
recipes around the world and a method
for producing the products on a commercial
processing line.
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Milling & Baking News - August 8, 2023

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