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Food & Beverage

Heinz Closes Acquisition of Stake in Brazilian Ketchup Maker

Ketchup giant Heinz has closed on its previously announced acquisition of a majority stake in a Brazilian food maker, according to the Associated Press. Pittsburgh-based H.J. Heinz Co. didn''t say
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Impax Files for Approval of Generic Heartburn Drug

The Associated Press reports that Impax Laboratories Inc. is challenging the patents on a heartburn drug from Takeda Pharmaceutical, just days after Takeda took the same action against Impax. The
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Feds Find Safety Issues at Tyson Facility

According to the Associated Press, federal labor officials have issued ten safety citations at a Tyson Foods Inc. plant in Jefferson, Wis. The U.S. Occupational Safety and Health Administration
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Monsanto Sued by Organic Farmers Over Modified-Seed Patents

A group of farmers sued Monsanto Co. in a challenge to the company’s patents for genetically modified seeds, reports Bloomberg. The lawsuit is preemptive to protect against patent- infringement
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Industry Veteran to Lead MWV’s Food Packaging Business

In a press release, MeadWestvaco Corp. announced that Diane Teer has been selected as the new president of the Food packaging business where she will lead profitable growth strategies, including
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Bunge Expanding Sugar-Cane Crop After Drought

Bloomberg reports that Bunge Ltd., the world’s second-largest sugar trader, is planting more cane in Brazil as it recovers from a drought and plans to run its mills full capacity
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California Will Screen Milk for Radiation Contamination Amid Japan Crisis

Bloomberg reports that California officials will screen milk produced in the state for signs of radiation contamination transmitted by grass-eating cows. California authorities are reassuring residents that any radiation drifting
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Tyson, Smithfield May Increase Japanese Meat Exports Following Earthquake

Bloomberg reports that Tyson Foods Inc., the largest meat processor in the U.S., and Smithfield Foods Inc., the world’s biggest pork processor, likely will raise shipments to Japan because of
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Coke Pledges $7.3 Million to Help Japan

According to bizjournals.com, Coco-Cola Co. has pledged $7.3 million to help Japan as it continues to confront the aftermath of a 9.0-magnitude earthquake and tsunami. Atlanta-based Coca-Cola said the $7.3
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Hershey CEO Receives Total Compensation of $7.4 Million in 2010

The Associated Press reports that the pay package for the president and CEO of candy maker Hershey''s increased 16 percent last year to $7.4 million, according to Associated Press calculations
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