Diamond Foods Inc. said Thursday it has agreed to acquire Kettle Foods from Lion Capital LLP for $615 million, a move that gives the snack-nuts producer a much bigger bite of the premium potato-chip market.
*Sold for approximately 2.5 times sales.
GDP has gone up two straight quarters, rising 2.2% in the third quarter after a year of contraction. In all of 2009, GDP fell 2.4%, the biggest drop for an entire year since 10.9% in 1946. GDP rose 0.4% in 2008 and 2.1% in 2007.
Interesting to see that both 2007 and 2008 had positive GDP growth. The 2009 GDP drop seemed a lot deeper than 2.4%. The employment situation certainly was a lot worse for people that lost their jobs or had hours reduced.
Coca-Cola Co., under fire from environmentalists for using plastic bottles, has introduced a new packaging material made partly from plants. The container has "the same weight, the same feel, the same chemistry, and functions exactly the same way" as a regular plastic bottle, a Coke spokeswoman says.
Beverage manufactures are under pressure on multiple fronts.
Environmentalists want things like carbon removed from the CPG supply chain. According to the article plastic (PET) is not recycled at a high rate. Here in Michigan there is a ten cent deposit on beverages that are carbonated. The redemption rate on recyclable containers, including cans, is reported as between 95% and 99%.
The lighter beverage makers can make containers, the more that is saved on fuel costs that are part of distribution. It's a delicate balancing act. Strength must be maintained and the package must protect the contents from changing when exposed to environmental conditions that vary. Heat and light being two that may affect the contents.
TAKEAWAY: Stores with baby sections should use this new information as a communication opportunity. Deliver actionable and important information to consumers that will respond to it. There are so many lost selling opportunities, it makes zone/district/etc managers sick.Using a fan while a baby is sleeping appears to significantly cut the risk of Sudden Infant Death Syndrome, or SIDS, according to new research.
Researchers at the Kaiser Permanente Division of Research in Oakland, Calif., compared 185 babies who died from SIDS in 11 California counties between May 1, 1997 and April 30, 2000, with 312 normal infants from similar socioeconomic and ethnic backgrounds living in the same counties. Mothers were asked several questions about fan use, pacifier use, room location, sleep surface, the type of covers over the baby, bedding under the infant, room temperature and whether a window was open.
NEW YORK -- Walgreen Co. made an offer late Friday to buy Longs Drug Stores Corp. for $2.8 billion, hoping to unseat a rival offer from CVS Caremark Corp. that Longs had already accepted.
Walgreens said it would pay $75 a share in cash to buy the California-based Longs, besting CVS's price of $71.50 per share, ...
CAREERS
Contractors, Unions
Try Web, Schools;
A 'Dirty Jobs' RoleBy ANTON TROIANOVSKIEven as the economy slumps and unemployment rises, strong demand for power plants, oil refineries and export goods has many manufacturers and construction contractors scrambling to find enough skilled workers to plug current and future holes.
With the shortage of welders, pipe fitters and other high-demand workers likely to get worse as more of them reach retirement age, unions, construction contractors and other businesses are trying to figure out how to attract more young people to those fields.
Their challenge: overcoming the perception that blue-collar trades offer less status, money and chance for advancement than white-collar jobs, and that college is the best investment for everyone.
Posts
