Recent news on foodservice developments in the supply chain, including farm production, wholesale distribution/delivery, and retail/consumer activities.
Sysco Corporation, Houston TX, has announced an agreement with Starbucks Coffee Company for distribution rights of Starbucks products to customers outside the Starbucks chain. Starting immediately, Sysco will begin handling Starbucks products at...
Kraft Foods Inc has announced full-year 2002 results, with reported diluted earnings per share (EPS) up 67.5% to $1.96 and pro forma diluted EPS up 15.4% to $2.02. Fourth-quarter 2002 reported diluted EPS was up 68.8% to $0.54 and pro forma...
Fresh Del Monte Produce Inc, Coral Gables FL, has acquired Standard Fruit and Vegetable Company of Dallas TX. The deal will expand the North American reach of Fresh Del Monte, diversify its product line, and enhance vertical integration. Fresh Del...
Tyson Foods, Inc reported fiscal fourth-quarter 2002 sales of $5.8 billion, compared with $5.0 billion in 2001. Operating income was $188 million compared with $167 million in the same quarter last year with operating margin at 3.3% for both...
CHEP pallet and plastic container pooling services has announced a new five-year contract with Kraft Foods Inc. CHEP has been chief supplier of pooled pallets to Kraft for the past 10 years...
David H Murdock and Dole Food Co Inc have signed a definitive merger agreement that allows Murdock to acquire about 76% of Dole's outstanding common stock that he and his family do not own for $33.50 per share in cash. The per-share consideration...
Chiquita Brands International Inc has announced the sale of its interest in the Midwest wholesale produce distribution business conducted by the Castellini group of companies to the Castellini management group. The consideration to Chiquita is...
Canadian Freight Assembly Ltd (CFA) has expanded by opening a new Winnipeg, Manitoba, distribution center and a brokerage division in the United States. CFA is an expedited distribution specialist in temperature-controlled and dry-goods shipments...
When Costa Fruit and Produce learned of The Greater Boston Food Bank's need for qualified Class A drivers, they provided one of their senior drivers to help in distribution of food and grocery products. Besides the roughly 20,000 pounds of produce...
