Sargento Foods Chairman and Chief Executive Officer Lou Gentine will retire from the company at the end of the year, and his son, Louie Gentine, will take the helm in his place. Louie Gentine has been serving as president and chief customer officer and is a third-generation owner of the firm.
Growth opportunities are abundant for ambient milk, which will likely outperform chilled products in developed markets, Tetra Pak predicts. In a forecasting report, the company notes that ambient milk is easily fortified, offers value for the money and suits the needs of consumers who shop infrequently.
After a quiet period, several deals are in the works involving consumer products. They include Procter & Gamble's move to purchase the European air-freshener business from Sara Lee, the possible sale of privately held Kettle Foods and Kraft Foods' hostile bid for Cadbury.
Fonterra says it has a conditional agreement to buy the 51% stake in Saudi New Zealand Dairy Products from partner Saudi Dairy & Foodstuff. The dairy-processing venture, known as Sadafco, makes cheese and milk powder and is the third-largest food maker by market value in Saudi Arabia.
Campbell Soup says it now offers six drinks that meet Alliance for a Healthier Generation standards for products served in schools. The most recent is V8 V-Fusion in 8-ounce cans, which joins other V8 V-Fusion and V8 vegetable drinks.