Hosken Consolidated Investments of South Africa says it will sell its 35% stake in Clover Industries back to Clover. The investment company says the time is right to "realize its investment in Clover."
Gustavo Valle, CEO of Dannon, the U.S. yogurt business owned by Danone, predicts "double-digit growth on a long-term basis" and expects to double per-capita yogurt consumption within four years. He said the company's yogurt brands, including Activia, are growing 15% in 2010.
Consumers did not cut back on snacks in 2009, but they became more mindful of value, according to a report from Information Resources. Sally Lyons Wyatt, who presented the report, said private labels have grown more popular, and 43% of shoppers look for sales when buying their favorite brands.
PepsiCo will get rid of its full-calorie sweetened soft drinks in schools in more than 200 countries by 2012. The company, believed to be the first major soft drink maker to take such action, says it will sell water, milk and juice with no added sugar in elementary schools. In secondary schools, the company will increase offerings to include low-calorie drinks such Diet Pepsi and sports drinks for children engaged in physical activity.
The Empire Cheese & Butter Co-op in Northumberland, Ontario, has received a provincial grant to help fund improvements such as groundwater protection and odor control. The company, which makes curd, cheddar and flavored mozzarella, plans to spend about twice that on the environmental work.