Odwalla expands portfolio with new bars
HALF MOON BAY, Calif. — Odwalla has unveiled four new food bars as part of its 2012 lineup.
The lineup, which includes apple toffee pistachio and chocolate almond coconut chewy nut bars, which are perfect for wholesome indulgence, while orange cranberry and lemon ginger original baked bars are ideal food bars with mornings in mind. All of the bars are good sources of five essential vitamins and minerals, including antioxidant vitamins A, C and E, Odwalla said.
"At Odwalla, we understand today’s on-the-go culture — people are busy and want snack options that are nutritious and taste good," Odwalla VP marketing Irma Shrivastava said. "Our new bars have wholesome ingredients as well as satisfying flavor combinations, so they’re great for those looking for options to help them maintain an active healthy lifestyle."
The new Odwalla bars are available in 1.6-oz. and 2-oz. sizes (for chewy nut bars and baked bars, respectively) at retailers nationwide.
Nestle names new U.S. chairman
GLENDALE, Calif. — Paul Grimwood, CEO of Nestlé U.K. and Ireland, has been appointed to the role of chairman and CEO of Nestlé USA following the announcement by current chairman and CEO Brad Alford, who is to retire in October.
Grimwood has been CEO of Nestlé UK and Ireland since January 2009, and headed the Nestlé U.K. confectionery business for three years prior to that. During this period, despite the difficult economic environment, Nestlé’s business in the United Kingdom and Ireland delivered consistent growth in sales and profitability, and grew overall market share. Grimwood also led a major investment program to create Nestlé’s next generation of world-class manufacturing operations in the United Kingdom. He joined Nestlé in 2001 in Nestlé Purina PetCare United Kingdom and Ireland.
Alford has been with Nestlé for 32 years, including nearly seven years as chairman and CEO of Nestlé USA. He was market head of Nestlé Oceania and in the U.S. led many businesses during his career, including Nestlé Food Services, confections and snacks and Nestlé brands before being named to his current role in late 2005. During his tenure, Nestlé USA has grown to sales of more than $10 billion by expanding into new categories and developing new distribution systems. Nestlé USA is one of the largest markets for Nestlé S.A., headquartered in Switzerland.
Sandoz launches generic psoriasis treatment
PRINCETON, N.J. — Sandoz has launched a generic version of a topical medication used to treat psoriasis, the company said.
Sandoz, the generics arm of Swiss drug maker Novartis, announced the launch of calcipotriene cream in the 0.005% strength, calling it the first generic version of Leo Pharma’s Dovonex.
Dovonex had sales of about $118.8 million during the 12-month period ended in May, according to IMS Health.