Kraft Foods will sell its hot cereal business, including the Cream of Wheat brand, to a B&G Foods subsidiary for $200 million. The decision was made to help focus Kraft's portfolio, the North America commercial segment's president said.
Georgia-based Eagle Rock Distributing Co., which was originally part of Atlanta Beverage Co. and distributes Anheuser-Busch products to retailers in some Georgia counties, has bought Simpson Grocery Co., a privately held beverage distributor. The purchase amount was not disclosed.
Silver nanoparticle technology in food packaging and storage have become a trendy marketing tool, but its actual effectiveness and safety has not yet been determined. The global food nanotechnology market is expected to grow to $20.4 billion by 2010, according to a research firm.