Pepperidge Farm lowers sodium amounts in bread
MOUNT LAUREL, N.J. Pepperidge Farm has vowed to lower sodium levels in its bread and other baked goods, the company has announced. This follows a move by its parent company, Campbell, to extend production of healthier food options.
According to Pepperidge Farm, it has lowered sodium levels by around 25 percent in eight of its breads by using sea salt instead of iodized salts. The company is also testing low-sodium bagels in its Miami market.
In addition to new and up-coming low-sodium options, Pepperidge Farm has also added whole grain Goldfish crackers to its lineup of healthier snacks
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.