Passport Food Group, a leading manufacturer and distributor of internationally flavored foods to foodservice and retail channels across North America, today announced that longtime strategic operations executive Michael Axelrod has been named the company’s new CEO.
Idaho, the U.S.’s top producing potato state since 1957, reached a new crop high in 2017. According to the US Department of Agriculture, the preliminary estimated value for the Idaho Potato crop is $1.
US Foods Holding Corp. announced the launch of its 2018 Spring Scoop, dedicated to highlighting 26 new products from the company's award-winning Serve Good program. Diners today care more than ever about the stories behind how their food is grown and raised.
Welbilt, Inc., a leading global provider of commercial foodservice equipment, announced that it has entered into a definitive agreement to acquire 100 percent of the shares of Avaj International Holding AB (“Crem International” or “Crem”), which is majority owned by private equity firms Priveq Investment Fund IV L.
Perdue Farms has installed a higher-welfare, Controlled Atmosphere Stunning (CAS) system at its Milford, Delaware, chicken harvesting plant. The move, celebrated by animal welfare advocates, is part of the company’s promise to convert all its operations away from shackling live, conscious animals and electrical stunning of chickens.
Rational North America, a leading manufacturer of combi technology, has announced its full-year 2017 results after a year of record growth and product launches. The company continued its successful performance, generating a 26 percent increase in year over year growth and capturing 45 percent market share within the combi oven category.
Regal Springs announced its partnership with Barton Seaver, seafood advocate, chef and Director of Sustainable Seafood and Health Initiative at Harvard T.H. Chan School of Public Health.“There is much marketplace confusion regarding seafood, and because of that fact, foodservice operators often lack the confidence to promote and actively encourage increased seafood consumption,” says Barton Seaver.
Today marks the debut of Hmart, a family-run supermarket chain specializing in Asian foods and products, in Austin, Texas. The store occupies a 68,670 square foot space near the Lakeline Mall in north Austin, about 20 minutes from downtown.
Metis, a Pacific Northwest M&A advisory firm specializing in the hospitality, wine, and beverage alcohol industries, publicly launched Thursday after successfully advising and closing two transactions in January.
Hangman Corp unveiled new branding to express the company’s renewed focus on divisional expert consulting. Now, the parent company will be The Maven Group with three main divisions: Forge Craft Foodservice, Maverick Healthcare Outfitters and Resquip Foodservice Supply.
International Paper has signed a definitive agreement to contribute its North America Consumer Packaging business to Graphic Packaging in a transaction valued at $1.8 billion. IP plans to use $660 million in cash proceeds from a loan being assumed by Graphic Packaging to pay down existing debt.
An all-star, two-sport pro athlete just announced his availability to be drafted into a whole new league: Food Sport. The winning team? Food Champs, as World Food Championships announced today that it is teaming up with Heisman Trophy winner Vincent “Bo” Jackson to make history in 2018.
The International Foodservice Distributors Association, recently announced that Major Products was named the 2018 IFDA Partner of the Year. The announcement, made at the opening reception of the 2018 IFDA Partners Executive Forum, marks the second year in a row that Major Products has received this distinction.
Keystone Natural Holdings LLC, a portfolio company of Keystone Capital Inc., recently completed its acquisitions of J.P. Veggies Inc. and Superior Tofu Ltd. VeggieLand and Superior join Nature Soy in the KNH portfolio of leading manufacturers of healthy, plant-based protein products.
The Global Sustainable Seafood Initiative announce US Foods, a leading foodservice distributor, has joined GSSI as a Funding Partner.US Foods is the first American foodservice distributor to join GSSI’s Global Partnership.