Coke asks regulators in Australia, New Zealand to approve use of phytosterols
ATLANTA Coca-Cola South Pacific recently applied to Food Standards Australia New Zealand to add phytosterols at a level of 4.5 per liter to all fruit juice drinks with at least 20% juice. The application applied to both Australia and New Zealand, and Coke said it wants these drinks to target the over-40-year-old population, since data has shown phytosterol can lower cholesterol levels.
Scientific studies were included in the application, though FSANZ will be looking into a wider range of material. The European Food Safety Authority recently supported a submission for a plant sterol-based health claim from Unilever, saying, “Plant sterols have been shown to lower/reduce blood cholesterol. Blood cholesterol lowering may reduce the risk of coronary heart disease.” FSANZ stated one of its concerns that consumers may exceed the Acceptable Daily Intake, created by the Joint FAO/WHO Expert Committee on Food Additives, by consuming multiple products that contain phytosterol esters.
Currently, phytosterol esters from vegetable oils and non-esterified phyotsterols—derived from a tall-oil source—are permitted in oils spreads and margarines in Australia. And since November 2006, phytosterol esters have been permitted in breakfast cereals, low-fat milk and low-fat yogurt. Non-esterified phtosterols from vegetable oil have not yet been accepted.
Pilgrim’s Pride CEO and COO resign
PITTSBURG, Texas Pilgrim’s Pride Corp., one of the largest chicken producers in the United States, announced Tuesday that its CEO and COO have stepped down due to the bankruptcy process that it started earlier this month when it filed for bankruptcy.
President and CEO Clint Rivers, as well as chief operating officer Robert Wright, have resigned. Don Jackson, formerly president of Foster Farms’ poultry division, will be filling the role of president and chief executive, following approval by the bankruptcy court. In the meantime, Lonnie Ken Pilgrim, the company’s board chairman, will be interim president.
The company plans to restructure its operations but will be operating as usual while it determines its next steps out of bankruptcy.
Cargill acquires two of Carneco’s meat processing facilities
COLUMBUS, Ohio Cargill Value Added Meats, part of Cargill Inc., has said that it will complete its acquisition of Carneco Foods by January. The companies announced that they had come to terms on a purchase agreement Thursday for Cargill to buy two of Carneco’s processing plants, reports said.
Cargill Value Added Meats was searching for a new operating plant after it lost its Booneville, Ark., facility to a fire March 23. by fire on Easter Sunday. Cargill Value Added Meats president, John O’Carroll, told the press that Cargill was approached by Lopez Foods, the owner of Carneco, and Lopoez offered to sell its two facilities. O’Carroll also said that originally Cargill has planned to open a new plant in Texas.
Carneco is the maker of beef chubs, frozen beef patties and pre-packaged fresh ground beef.
Details of the buyout are said to be finalized on or around Jan. 2, 2009.