Month: December 2016

Ingredion & Sweegen Announce Agreement For Ingredion To Distribute Sweegen's Stevia Sweeteners

December 13, 2016 Ingredion Incorporated

Ingredion Incorporated, a leading global provider of ingredient solutions to diversified industries, has entered into an agreement with SweeGen, Inc., a company dedicated to the development and manufacture of stevia-based sweeteners, to be SweeGen’s exclusive global distributor of the company's novel, nature-based stevia sweeteners in all markets except China.  Ingredion will be a non-exclusive distributor in China. …

ABA Efforts Lead To Successful Hours Of Service Fix In Government Spending Bill

December 13, 2016 American Bakers Association

Advocacy efforts by the American Bakers Association (ABA) have successfully led to the inclusion of language permanently fixing the Department of Transportation’s Hours of Service 34-Hour Restart requirement in a federal spending bill that passed earlier today. …

Munchery Names James Beriker As President & CEO

December 13, 2016 Munchery

Munchery, the leading provider of integrated meal preparation and delivery services, announced the appointment of James Beriker as its new President & CEO. Co-Founder and past President & CEO, Tri Tran, will become Munchery's Chief Strategy Officer and will remain on the company's Board of Directors. …

Silver Oak Services Partners Completes Sale Of Accent Food Services

December 13, 2016 Silver Oak Services Partners, LLC

Silver Oak Services Partners, LLC (“Silver Oak”), a leading lower-middle market private equity firm focused exclusively on business, healthcare and consumer services companies, announced today that it has completed the sale of its equity interest in Accent Food Services (“Accent” or the “Company”) to Boston-based Audax Private Equity (“Audax”). …

Technomic Trims Restaurant Industry Growth Expectations Moving Into 2017

December 13, 2016 Technomic

As consumer traffic declines, it appears that both 2016 and 2017 will not be as positive as first anticipated based on Technomic’s restaurant industry forecast released in May of this year. In particular, full service restaurant growth has been shaved by 1.4 and 0.8 points for 2016 and 2017 respectively, to where total segment nominal growth for each year is expected to be 3.5%. With inflation expected to be 2.7% in both years, real growth will only be 0.8%. …