PureCircle’s Reb M receives FDA approval
KUALA LUMPUR, Malaysia — PureCircle, a producer and marketer of stevia, announced that the Food and Drug Administration has approved PureCircle’s Rebaudioside M (Reb M) as a general purpose sweetener for foods and beverages in the United States.
“Ongoing investment in supply chain assets and leaf development are in place to support the commercialization of Reb M,” Jason Hecker, VP global marketing and innovation, PureCircle said. “We are excited by the opportunities Reb M presents for success within the framework of our Stevia 3.0 capabilities.”
The discovery and development of the sweetener is the result of a joint development and supply agreement with the Coca-Cola Co. The companies are seeking intellectual property coverage for the ingredient.
Reily Foods acquires New England Tea and Coffee
NEW ORLEANS — Reily Foods Co. on Monday announced the acquisition of independent coffee roaster New England Tea and Coffee Co. The terms of the deal were not disclosed.
The acquisition is not expected to change the daily operations of New England Tea and Coffee Co., which will operate as New England Tea and Coffee Co., LLC — a subsidiary of Reily Foods. Production and distribution activities will continue as usual at New England Coffee and no employee changes are expected.
"New England Coffee and Reily Foods are both multi-generation, family-owned companies with many shared values," said David Darragh, president and CEO of Reily Foods. "Both companies are passionate about producing great coffee, providing superior customer service and consumer value, and opportunities for its employees. New England Coffee enjoys a strong, well-earned reputation in the industry. We look forward to working with all of the New England Coffee Co. employees to achieve strong growth and expanded opportunities."
Reily Foods is based in New Orleans and has been operating since 1902. In addition to coffees and teas, the company also produces a variety of specialty brands across numerous categories, which include cake flour, seasonings, mayonnaise and salad dressings.
Back to Nature snags SnackWell’s
GREENWICH, Conn. — Back to Nature Foods Company on Monday announced that it has acquired SnackWell’s, a cookie and snack business, from Mondelez Global. The terms and conditions of the deal were not disclosed.
"We look forward to owning the SnackWell’s brand and integrating it into our Back to Nature organization," Vincent Fantegrossi, president and CEO of Back to Nature, said. "Its healthy attributes, loyal consumer base and strong distribution make SnackWell’s a very complementary product line offering to our Back to Nature products. SnackWell’s is an iconic brand, and we are excited about the potential that this acquisition brings to our company. SnackWell’s significantly increases our scale in the important cookie and cracker categories."
SnackWell’s was launched by Nabisco in 1992 and offers consumers a healthier snacking alternative. Its products include Creme Sandwich Cookies, Devil’s Food Cakes and Fudge Pretzels in portion-control sizes. SnackWell’s products have enjoyed a wide distribution in the United States through leading retailers.