Parsippany-based Pinnacle Foods Inc. announced Tuesday that it has agreed to buy Boulder, Colorado-based Boulder Brands Inc. for approximately $975 million.
Read More »
Food & Hospitality
Campbell bests earnings estimates, raises full-year guidance
Campbell Soup Company topped Wall Street estimates for its fiscal first quarter as adjusted earnings per share rose 22 percent, and the Camden-based food maker raised its outlook for the full year.
Read More »Food funders Rutgers program helps startup companies get needed capital to grow
When he founded the Rutgers Food Innovation Center in 2001, Lou Cooperhouse was hoping to incubate young, startup food companies and foster innovation in the industry.
Read More »Ramen noodle company growing in New Jersey
A Hawaiian ramen noodle maker is expanding its New Jersey presence with the purchase of a 42,000-square-foot building in Carlstadt, according to real estate services firm Cushman & Wakefield.
Read More »Cranbury specialty ingredients producer declares quarterly dividend
Innophos Holdings Inc. announced Wednesday that its board of directors has declared a quarterly dividend.
Read More »BG Foods acquires vegetable brands from General Mills
Parsippany-based B&G Foods announced that it has completed the acquisition of the iconic Green Giant and Le Sueur frozen and canned vegetables brands from General Mills.
Read More »Cherry Hill vending and coffee company moving to Woodbury
NJ.com, which is a sister company of the South Jersey Times newspaper, reported that Refreshments Plus bought the 309 S. Broad St. building for an undisclosed amount, more than doubling its space from 12,000 square feet to 25,000. “We’re very excited,” the website quoted owner Steve Warech as saying. “We’ll have more space and some ...
Read More »
Rutgers announces presenting companies for food accelerator conference
The conference agenda also will include panel discussions with food industry leaders, conversations with successful entrepreneurs and venture capitalists, and remarks from state and national government leaders. Lou Cooperhouse, founder of RutgersX and director of the Rutgers Food Innovation Center, said each company offers an individualistic approach to its products that, he thinks, has great ...
Read More »
Guadagno Nestle deal a ‘door opener’ for life sciences sector
That’s why Lt. Gov. Kim Guadagno is thrilled to add Nestlé to that list. “In the industry that Nestlé is in, it’s a door opener, quite frankly,” said Guadagno, the state’s top official for economic development. “When Nestlé gets here and it is ready and up and running we will turn to Nestlé to be ...
Read More »
Nestle to open new health science RD facility in Bridgewater
Nestle Health Science will open a 180,000-square-foot research and development facility at Advance Realty’s Center of Excellence campus in Bridgewater, becoming the latest tenant at the 110-acre site once occupied by Sanofi U.S.
Read More »Pinnacle Foods appoints chief supply chain officer
According to the branded foods product company, Wittman will replace Tony Fernandez, who announced earlier this year his plans to retire. Wittman will report to CEO Bob Gamgort. Wittman currently serves as vice president of supply chain for Mars Chocolate North America, where he’s been responsible for leading the supply chair for the North American confectionery ...
Read More »Pru Center, N.J. Devils partner with Goya
Terms of the partnership between Goya and the Newark-based NHL team ownership were not disclosed. But they said in a news release that it will allow the Jersey City-based Hispanic food giant to create a “multiplatform presence and new culinary experience at the 8-year-old arena. As part of the partnership, Goya will be the presenting ...
Read More »