Milling & Baking News - May 13, 2014 - 1

THE NEWS WEEKLY OF GRAIN-BASED FOODS
MAY 13, 2014

bakingbusiness.com / foodbusinessnews.net

NEWS FEATURE

Snyder's-Lance shakes up portfolio,
sharpens focus on branded products

Rail performance
improves but still a
concern; investment up
Story on Page 25

LATE NEWS

G.M.A. to sue Vermont
over G.M.O. law
WASHINGTON - The Grocery Manufacturers Association on May 8 said
it plans to file suit in federal court to
overturn a Vermont state law that, effective July 1, 2016, will require the labeling of food produced from bioengineered ingredients. Vermont's governor, Peter Shumlin, signed bill H.B.
112 into law on May 8. The Washington-based G.M.A. said, "Consumers
who prefer to avoid G.M. ingredients have the option to choose from
an array of products already in the
marketplace labeled certified organic. The government therefore has
no compelling interest in warning
consumers about foods containing
Continued on Page 10

CHARLOTTE, N.C. - Two transactions
last week have set the stage for Snyder'sLance, Inc. to reshape its business with a
heightened focus on branded products,
particularly in growth categories such as
"better-for-you."
On May 7, Snyder's-Lance agreed
to acquire Baptista's
Bakery, Inc., a maker of baked snack
foods and "betterfor-you" snacks,
while separately
agreeing to sell its
private brands along with two manufacturing facilities in the United States
and Canada to Shearer's Foods, L.L.C.,
a provider of private label snacks headquartered in Massillon, Ohio.
Financial terms of the Baptista's Bakery
acquisition were not disclosed, but as part
of the deal, Snyder's-Lance will acquire

100% of Baptista's Bakery, Inc. and its
manufacturing facility in Franklin, Wis.
"Baptista's is a leader in highly differentiated snacks, and we're excited
to be working with their talented, creative team," said Carl
E. Lee Jr., president
and chief executive
officer of Snyder'sLance. "Baptista's is
a company that has
excelled in providing
exceptional product
quality and innovation while commercializing production in ways that are effective and unique."
In a May 8 conference call with analysts to discuss first-quarter results, Mr.
Lee expanded on the acquisition, saying
it will fuel Snyder's-Lance's innovative
capabilities "because they have a very
Continued on Page 15

Per capita flour steady at 135 lbs;
total use increases to new record
WASHINGTON - For the third year in
the past five, per capita disappearance of
wheat flour in the United States was at
135 lbs. Considering that this per capita
number was nearly the same in four other years of the 21st century, it is tempting to declare this period as one of the
longest times of steadiness in per capita
consumption in modern history.
For the last half of the 20th century

into the final decade, per capita flour
consumption was on an upward trend,
with both per capita use and population
expanding. Beginning at the start of the
21st century, that trend came to a sudden halt, with per capita use declining
from the recent peak and total use barely
holding unchanged or rising at a slower
pace than population.
Data issued by the Economic Research Service of the U.S. Department of Agriculture places 2013 per
capita disappearance of wheat flour
at 134.7 lbs, which rounds to 135 lbs.
This was slightly up from 134.4 lbs
in 2012 and was the same as in 2009
and 2010. The same per capita number
also ruled recently in 2004, while 134
Continued on Page 37

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Milling & Baking News - May 13, 2014

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