Month: October 2013

Penford Food Ingredients, a leader in innovative carbohydrate systems and technologies, today announced its newest potato-based soluble fiber, PenFibe® RO. This non-GMO product contains a minimum of 56 percent dietary fiber. PenFibe RO can be used to reduce calories in a wide variety of food products by partially replacing higher caloric ingredients such as flour and sugar. …

This past summer, European authorities took just six weeks to approve Barry Callebaut's $950 million purchase of Petra Foods' cocoa business, a deal that created the world's largest cocoa company with a quarter of the $10 billion market. The European Commission decided the deal did not require deeper look partly because two other firms provided stiff enough competition in the niche industry. Now, those two rivals, Cargill Inc and Archer Daniels Midland Co, are hammering out the final terms of a deal in which Cargill would buy ADM's cocoa operations, sources said. …

Private equity firm Wind Point Partners is exploring a sale of Hearthside Food Solutions LLC, the largest food contract manufacturer and largest privately held bakery in the United States, three people familiar with the matter said last week. …