Milling & Baking News - December 15, 2009 - 10

PepsiCo to open research lab
near Yale campus
NEW HAVEN, CONN. - PepsiCo,
Inc. said it will open a long-term research laboratory in New Haven that
will focus on the development of
healthier food and beverage products.
The lab will be adjacent to Yale University's campus and is part of PepsiCo's shift to fundamentally improve
the nutritional profile of its portfolio
of foods and beverages. Within the
past two years, the company has added clinical scientists and experts in nutrition, food safety, epidemiology and
health policy to its staff.
"Ultimately, we're trying to make it
easier for consumers to lead healthier
lifestyles," said Mehmood Khan, PepsiCo's chief scientific officer and an
endocrinologist. "We're confident that
the work we'll be doing in New Haven, in collaboration with some of the
world's best scientists, will lead to advancements in nutrition and health for
people across the globe."
The laboratory will be PepsiCo's
ninth global regional research center.
Currently, four centers are located in
the United States with others in the
United Kingdom, Mexico, China and
India along with satellite centers in
Thailand, Brazil and Australia.
In the past three years, PepsiCo has
increased its investment in research
and development by 40%, adopted
new marketing practices and acquired
companies that produce foods and beverages beyond soft drinks and chips,
such as juices, dairy, hummus, and
nuts and seeds. The company said it
was an early adopter regarding health
commitments to its consumers by providing a spectrum of good choices,

applying the best available science and
promoting healthy children's lifestyles.
In addition to the research the company is pursuing at the New Haven

Mehmood Khan, far right, M.D., senior vice-president and chief scientific officer at
PepsiCo, meets with professors at Yale University School of Medicine. PepsiCo recently
opened a long-term research laboratory in New Haven, Conn., to focus on the development of healthier products.

laboratory, PepsiCo also will support
a fellowship in Yale School of Medicine's M.D.-Ph.D. Program. According
to PepsiCo, the endowment specifically will fund work that focuses on
nutritional research, such as metabolic
syndrome, diabetes and obesity. PepsiCo Fellows will be chosen by the Yale
program's faculty based on academic
performance and research interests in
these relevant areas. The fellowship is
expected to support a pipeline of new
biomedical scholars who will progress
to leadership positions in their fields.

Kettle Foods may be up for sale
SALEM, ORE. - Kettle Foods may
be up for sale, according to an article in The Wall Street Journal. The
salty snacks maker has distribution
throughout North America, Japan,
Guam and Western Europe.
According to the Dec. 9 article,
Kettle Foods' owner, London-based
private equity firm Lion Capital
L.L.P., recently hired investment
bank Rotschild to conduct an auction for the potato crisps maker.
Lion acquired Kettle Foods in
September 2006, and according to
the WSJ, is hoping to sell the company for about $700 million. Potential
bakingbusiness.com / world-grain.com

"PepsiCo's commitment to improving health through proper nutrition
is of great importance to the wellbeing of people in this country and
throughout the world," said Robert
Alpern, Dean and Ensign Professor
at Yale School of Medicine. "We are
delighted that they are expanding

suitors mentioned include PepsiCo,
Inc. (through its Frito-Lay unit) and
Snyder 's of Hanover Inc.
Founded in 1978, Kettle Foods
employs approximately 730 and in
2008 had sales of $235 million. The
company's main products include
fried potato chips and baked potato chips, and it also manufactures
roasted nuts, nut butters and tortilla chips. The company also offers
a line of "better-for-you" snacks
under the Kettle Bakes brand. Kettle Foods operates manufacturing
sites in Salem; Beloit, Wis.; and
Norwich, U.K. MBN

their research in this area and that
they have chosen Yale as a partner for
this endeavor. Extending this partnership to the M.D.-Ph.D. Program
represents a visionary investment in
one of the finest researcher training
programs in the world and thus to the
future of science." MBN

BoDeans Baking
expanding cone,
wafer operations
LE MARS, IOWA - BoDeans
Baking Group is investing $12
million to expand operations and
add production jobs at several of
its facilities. The company, which
was founded in 2000 as a specialty
cone maker, now produces wafers
for ice cream sandwiches as well.
The company's 75,000-squarefoot cone plant produces more
than 600 million cones and 250
million sleeves annually, while
the 92,000-square-foot wafer facility makes more than 1.5 billion
wafers a year.
A spokesperson for the company said the expansion is about
75% complete. MBN
Milling & Baking News December 15, 2009 / 11

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Milling & Baking News - December 15, 2009

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