Food Business News

2 days ago | foodbusinessnews.net | Russell Redman

LOS ANGELES — A federal court in California has dismissed a lawsuit against PepsiCo Inc. by former executive Richard Montanez over whether he invented Flamin’ Hot Cheetos spicy cheese puff snacks.

2 days ago | foodbusinessnews.net | Eric Schroeder

RIDGELAND, MISS. — Cal-Maine Foods Inc. has completed its acquisition of breakfast foods maker Echo Lake Foods Inc. in a cash transaction for approximately $258 million. The transaction is expected to provide a tax benefit of about $28 million, equating to an effective purchase price of about $230 million, Cal-Maine Foods said.

3 days ago | foodbusinessnews.net | Cathy Siegner

ARLINGTON, VA. — A new series of reports from the Good Food Institute said while the alternative protein sector needs more capital and R&D to grow, an examination of the global ecosystem shows that innovation, taste and price parity and consumer awareness are on the upswing.

3 days ago | foodbusinessnews.net | Eric Schroeder

BELLMAWR, NJ. — Seviroli Foods LLC, a manufacturer of frozen pasta and other food products for the foodservice, retail, club, and industrial channels, plans to close its manufacturing facility in Bellmawr by Aug. 13, eliminating 77 jobs. The announcement was made as part of a May 13 filing with the New Jersey Department of Labor & Workforce Development. Seviroli Foods said employees and production will shift to its two facilities located in Garden City and Hauppauge, NY.

3 days ago | foodbusinessnews.net | Russell Redman

SAN FRANCISCO — Private equity firm Swander Pace Capital has acquired family-owned, private label bakery Maple Donuts Inc. Financial terms of the transaction weren’t disclosed. Founded in 1946 by the Burnside family, York, Pa.-based Maple Donuts makes fresh and frozen donuts, donut holes, bismarcks and paczki; cinnamon and honey buns; apple fritters and churro bites; and twists, crullers and baked bars for the retail and foodservice channels.