Cold Foods Industry News

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American consumers embrace an expanding range of foods and beverages -- driven by ever more complex lifestyles and schedules, nutritional and dietary considerations and culinary cross-currents.

Sara Lee Corp., Downers Grove, Ill., said it will reduce salt by an average of 20 percent during the next five years across its key categories.

Middle market investor Golub Capital, New York, N.Y., said it  provided a $20.5 million senior debt facility and a $500,000 equity co-investment to support Linsalata Capital Partners' acquisition of Spartan Foods of America, Inc.

Baltimore venture capital investor Bradmer Foods LLC said it acquired an undisclosed equity stake in Blue Horizon Organic Seafood Co.

Americold Realty Trust, Atlanta, yesterday filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common shares.

Private label and contract foods processor Overhill Farms, Inc., Los Angeles, today reported net revenues of $209.9 million for the fiscal year ended September 27, 2009.

For the first quarter of the current fiscal year, Costco, Issaquah, Wash., reported a net sales increase of 6.0% to $16.92 billion with comparable store sales up 3.0%.

Intelligent Global Pooling Systems (iGPS Company LLC),  Orlando, Fla. said that, beginning in December, Dole Fresh Fruit, a subsidiary of Dole Food Company, will use iGPS’ all-plastic pallets with embedded RFID tags.

South Korea's Pulmuone Holdings Co. Ltd. said U.S. subsidiary Pulmuone U.S.A.  Inc., Fullerton, Calif., completed its tender offer for Monterey Gourmet Foods.

Georiga-Pacific Packaging LLC, Atlanta, said it purchased ORBIS Container Services, Fresno, Calif., for an undisclosed amount from Menasha Corp.