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EnWave Signs Additional License with MicroDried® to Expand Product Portfolio and Sells Three Radiant Energy Vacuum Machines
Globenewswire· 2025-07-03 13:00
Core Insights - EnWave Corporation has signed a new royalty-bearing commercial license agreement with MicroDried® to expand its product offerings and has executed purchase agreements for three Radiant Energy Vacuum (REV™) machines [2][3][4] Group 1: License Agreement Details - MicroDried® gains exclusive rights to use EnWave's REV™ dehydration technology for producing mochi and Greek yogurt in North America, along with rights to manufacture additional dairy products like shredded cheese and cheesecake [3][15] - In exchange for these expanded rights, MicroDried® will pay incremental minimum annual royalties in addition to existing obligations under its fruit and vegetable license [3][16] Group 2: MicroDried® Expansion - MicroDried® is expanding its portfolio to include clean-label, nutrient-dense dairy and mochi ingredients, enhancing its position as a key supplier to major global food brands [4][17] - The company operates three large-scale vacuum-microwave drying lines in Nampa, Idaho, and is opening a new dairy processing facility in Washington State, expected to be operational this summer [5][18] Group 3: Equipment and Capacity - MicroDried® will install one of the newly purchased 10kW REV™ units and a 60kW machine at the new Dairy Facility, with the second 10kW machine designated for ongoing product development in Nampa [5][18] - With five large-scale REV™ machines, MicroDried® now holds the highest REV™ manufacturing capacity globally, prompting EnWave to begin building another large-scale REV™ machine for inventory [6][19] Group 4: Company Background - EnWave is a leader in vacuum microwave dehydration technology, with a robust intellectual property portfolio and a strategy to sign royalty-bearing commercial licenses with food producers [10][12][24] - The company has over fifty royalty-generating partners across twenty-four countries, enabling the creation of innovative snacks and ingredients [11][24]
Maple Leaf Foods to Report 2025 Second Quarter Financial Results on August 7th
Prnewswire· 2025-07-03 12:00
Group 1 - Maple Leaf Foods Inc. will release its second quarter 2025 financial results on August 7, 2025, at 6:00 am ET [1] - A conference call and webcast will follow the financial results release, starting at 8:30 am ET, featuring key executives including the President and CEO, CFO, and the incoming CEO of Canada Packers [1] - Participants can join the conference call by dialing specific numbers or registering for an automated call back, with playback available an hour after the event [1][2] Group 2 - Maple Leaf Foods is a leading protein company producing food products under various brands, employing approximately 13,500 people, and primarily operating in Canada, the U.S., and Asia [3] - The company is headquartered in Mississauga, Ontario, and its shares are traded on the Toronto Stock Exchange under the ticker MFI [3]
安徽省铜陵市市场监督管理局食品安全监督抽检信息通告(2025年第21期)
Zhong Guo Zhi Liang Xin Wen Wang· 2025-07-03 08:35
Summary of Key Points Core Viewpoint - The food safety inspection conducted by the Tongling Market Supervision Administration reported that all 47 samples from 11 categories of food products passed the national food safety standards [3][4]. Group 1: Inspection Results - A total of 47 batches of food samples were tested, including grain products, condiments, meat products, dairy products, starch and starch products, beverages, sugar, biscuits, convenience foods, candy products, and vegetable products [3]. - All tested items met the food safety national standards, indicating a high level of compliance in the local food industry [3][4]. Group 2: Sample Details - The inspection included various products such as: - Starch products like vermicelli from Ma'anshan Mingwei Food Co., Ltd. [4] - Vegetable products like pickled radish from Anhui Meidefa Food Co., Ltd. [4] - Dairy products like Greek yogurt from Jiangsu Hesheng Industrial Co., Ltd. [4] - Specific details of the samples include production dates and packaging types, ensuring traceability and quality control [4][5].
Oscar Mayer turkey bacon products recalled over possible listeria contamination
New York Post· 2025-07-02 23:26
Core Point - Kraft Heinz Food Company is recalling nearly 368,000 pounds of Oscar Mayer turkey bacon products due to potential listeria contamination, which can lead to food poisoning [1][4]. Group 1: Recall Details - The recall involves fully cooked turkey bacon produced between April 24 and June 11 [2]. - The affected products were shipped to stores across the US, as well as the British Virgin Islands and Hong Kong [4]. - Specific products include 12-ounce, 36-ounce, and 48-ounce packages of Oscar Mayer Turkey Bacon Original, with various UPC codes and use-by dates ranging from July 18 to September 4 [5]. Group 2: Health Risks - Listeria infections can cause severe illness, particularly in vulnerable populations such as older adults, pregnant women, and individuals with weakened immune systems [7]. - Symptoms of listeria infection include fever, muscle aches, headache, stiff neck, confusion, loss of balance, and convulsions [7]. - The CDC reports that approximately 1,600 people are affected by listeria infections annually, resulting in about 260 deaths [7]. Group 3: Industry Context - Federal officials are revising protocols to prevent listeria infections following several outbreaks, including a notable incident linked to Boar's Head deli meats that resulted in 10 deaths and over 60 illnesses last year [8].
Conagra Brands Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2025-07-02 14:22
Group 1 - Conagra Brands, Inc. is set to release its fourth-quarter earnings results on July 10, with analysts expecting earnings of 61 cents per share, unchanged from the previous year [1] - The company is projected to report quarterly revenue of $2.88 billion, a decrease from $2.91 billion a year earlier [1] - On June 25, Conagra Brands announced plans to eliminate certified food, drug, and cosmetic colors from its U.S. frozen product portfolio by the end of 2025 [2] Group 2 - Conagra Brands shares increased by 2.8%, closing at $21.05 on a recent Tuesday [2] - Several analysts have downgraded the stock, with B of A Securities lowering its rating from Neutral to Underperform and cutting the price target from $27 to $20 [8] - Goldman Sachs also downgraded the stock from Neutral to Sell, reducing the price target from $26 to $21 [8] - Wells Fargo maintained an Equal-Weight rating but decreased the price target from $27 to $23 [8] - JP Morgan kept a Neutral rating while cutting the price target from $26 to $25 [8] - Morgan Stanley initiated coverage with an Equal-Weight rating and a price target of $27 [8]
COLUMBUS® Craft Meats Expands Deli Portfolio with First Standalone Pepperoni Product
Prnewswire· 2025-07-01 12:00
Company Overview - COLUMBUS® Craft Meats is a leading brand in premium salumi, known for producing authentic deli meats rooted in Italian American tradition [1][4][7] - The company is a subsidiary of Hormel Foods Corporation, which has approximately $12 billion in annual revenue and operates in over 80 countries [8][9] Product Launch - COLUMBUS® Craft Meats has launched its first standalone pepperoni deli product, COLUMBUS® Uncured Pepperoni, aimed at meeting consumer demand for premium flavors and versatility [1][4][6] - The product is crafted with whole cuts of hand-trimmed pork, seasoned with cracked fennel and paprika, and is designed for various eating occasions beyond pizza [4][5][6] Market Insights - The deli pepperoni category has experienced significant growth, with $108 million in retail sales and a year-over-year increase of 5.5% [4] - Nearly 70% of consumers are seeking new flavors and sizes in deli pepperoni, indicating a strong market demand for innovative products [4][6] Product Features - COLUMBUS® Uncured Pepperoni contains no added nitrates or nitrites, is gluten-free, and has no MSG or trans fats, aligning with health-conscious consumer trends [5][6] - The product is sold in a 4-ounce tray with a suggested retail price of $5.69 and is available at select retailers nationwide [6]
3 Safe Buy-and-Hold Dividend Stocks With Strong Balance Sheets
MarketBeat· 2025-07-01 11:02
Core Insights - Dividend yield is a key metric for identifying dividend stocks, reflecting the amount of a company's dividend as a percentage of its stock price, which can fluctuate daily [1] - A strong balance sheet, indicated by a low debt-to-equity ratio, is essential for long-term dividend sustainability [2][3] Company Summaries Costco - Costco has a dividend yield of 0.53% with an annual dividend of $5.20 and a 22-year track record of dividend increases [5] - The company has delivered a total return of over 266% over the past five years, with a debt-to-equity ratio of 0.21%, indicating strong financial health [6] - Investors should focus on the 12.7% average dividend growth over the last three years rather than the current yield [7] Archer-Daniels-Midland (ADM) - ADM boasts a dividend yield of 3.86% with an annual dividend of $2.04 and a 53-year history of dividend increases [8] - The company's debt-to-equity ratio stands at 0.34%, suggesting a stable dividend outlook [8] - However, ADM's growth is closely tied to commodity prices, which are cyclical, making it less defensive compared to consumer staples [9] Medtronic - Medtronic has a dividend yield of 3.26% with an annual dividend of $2.84 and a 49-year history of dividend increases [11] - The company is well-positioned in the aging population market and in AI and machine learning, with a debt-to-equity ratio of around 0.53% [12][13] - Despite its potential, Medtronic is not currently highlighted as a top buy by analysts, indicating some caution among investors [14]
Here's Why This Fry Supplier's Stock Fell Monday
Investopedia· 2025-06-30 21:25
Core Insights - Lamb Weston shares experienced a decline, being among the worst performers in the S&P 500, as investors reacted to the less impactful changes from activist investors [2][5] - The company announced a "cooperation agreement" with Jana Partners Management and Continental Grain Company, which includes appointing four new board members, expanding the board from 12 to 13 seats [3][6] - Jana Partners had previously indicated a desire for a more significant overhaul of the company, leading to initial optimism among investors when their stake was disclosed [4][6] Company Developments - Under the new agreement, Bradley Alford, a former CEO of Nestlé USA, will be appointed as chairman, with Jana Partners involved in selecting additional board members [3][6] - Jana Partners' Managing Partner, Scott Ostfeld, expressed satisfaction with the collaborative outcome and emphasized the goal of improving performance and shareholder value [6] - Despite the agreement, Lamb Weston shares fell nearly 3% on the announcement day and have decreased over 22% year-to-date [5][6]
Conagra Brands Completes Divestiture of Van de Kamp's® and Mrs. Paul's® Brands to High Liner Foods
Prnewswire· 2025-06-30 13:11
Group 1 - Conagra Brands, Inc. has completed the divestiture of the Van de Kamp's® and Mrs. Paul's® brands to High Liner Foods, including all associated intellectual property and inventory, but excluding employees or manufacturing facilities [1] - Conagra Brands is one of North America's leading branded food companies with a history of over 100 years, focusing on quality food, collaboration, and innovation [2] - The company's portfolio includes well-known brands such as Birds Eye®, Duncan Hines®, Healthy Choice®, and many others, reflecting its commitment to evolving with consumer preferences [2] Group 2 - In fiscal 2024, Conagra Brands generated net sales exceeding $12 billion, indicating a strong market presence [2]
【干货】2025年预制菜产业链全景梳理及区域热力地图
Qian Zhan Wang· 2025-06-30 03:44
Group 1 - The core viewpoint of the article highlights the structure and distribution of the prepared food industry in China, emphasizing the production methods and key players involved in the supply chain [1][2]. - The prepared food production in China is categorized into two main types: self-produced and self-sold, and commissioned processing [1]. - Key participants in the prepared food supply chain include upstream raw material suppliers, initial processing companies, and downstream consumer outlets such as large retail chains and emerging e-commerce platforms [2][6]. Group 2 - The regional distribution of prepared food companies is primarily concentrated in Shandong, Henan, Jiangsu, and Anhui provinces, with Shandong having the highest number of companies at 2,959, accounting for 21.2% of the national total [6][8]. - The prepared food industry is notably concentrated in the East and Central China regions, benefiting from developed agriculture and advantageous transportation networks [6][8]. - As of April 2025, there are three major prepared food industrial parks in China, with two located in Shandong province, indicating a significant regional focus on this industry [11][13].