Cabot Creamery takes its show on the road
CAPITAL REGION, N.Y. Cabot Creamery has begun a nationwide road tour promoting the benefits of calcium in fighting childhood obesity and osteoporosis. The tour has hit the New York Capital District and is set to stop at more than 12 Price Chopper Supermarkets in the area.
Cabot’s road crew will be handing out coupons, prizes and recipes, as well as samples of Cabot’s classic cheeses, including new mega-3 cheddar.
Cabot spokesman Mark Hackett told the media: “One thing Cabot is famous for is its cheddar cheese, and cheddar cheese is lactose free. So a lot people who are avoiding dairy still need their source of calcium and the best source of calcium is naturally through cheese, yogurt, or milk.”
The Cabot Road Show will be visiting cities nationwide to promote its message of healthy weight loss.
Shareholders of InBev support Anheuser-Busch takeover
LEUVEN, Belgium Shareholders of European beverage giant InBev Monday voiced support for the $52 billion buyout offer made for U.S. brewer Anheuser-Busch.
InBev shareholders also okayed changing the name of the new-formed mega-company to Anheuser-Busch InBev, as well as an increase in capital and share issue that could bring in around $10 billion.
On the U.S. side, InBev chief executive officer Carlos Brito assured A-B employees that the new company would take strides to protect U.S. jobs, and not unduly shut down operations at A-B 12 breweries, as long as “there are no new or increased federal tax or state excise taxes or unforeseen extraordinary events that would negatively impact A-B’s business. … We are very pleased to complete this important milestone and we remain on track to close the transaction by the end of the year,” Brito said in a statement.
To close the deal, approval will have to be met by Anheuser-Busch shareholders and market regulators.
American Licorice Company banks on capital investments to carry it through tough times
UNION CITY, Calif. American Licorice Company is counting on its “rainy day” savings funds to carry it through economic hard times, The San Francisco Chronicle this week reported.
The maker of well-beloved licorice treat Red Vines has said that it hopes that the $10 million in capital investments the company has banked in good years will be enough to carry it through the current cash-poor economy.
“We won’t call it recession-proof, but licorice has always held its own. It’s kind of a comfort food,” American Licorice plant manager John Nelson told the Chronicle. Still, touch times lay ahead for many independent companies. “Lines of credit are being frozen or reduced. … Or if they are new requests, may not be approved.”
To help buoy the effects of marketplace money drain, Nelson told the media, American Licorice Company is constantly seeking ways to improve productivity and efficiency. The company will also continue investing, he said, in order to keep its profit dollars flowing.