Sadler's Smokehouse, a Texas based producer of pit-smoked meats, has launched Slow Roasted Meals, a grocery line of new entrees that are seasoned, slow-cooked and can be prepared to eat under five minutes.
Kraft Foods has reported revenues of $11bn for the fourth quarter of fiscal 2009, an increase of 3.2% compared $10.68bn in the same quarter previous year. Operating income for the quarter quadrupled to $1.31bn compared to $330m in the prior year quarter.
General Mills has reaffirmed its fiscal 2010 earnings per share target of $4.52 to $4.57, before any mark-to-market effects. It expects earnings per share to grow at a high single-digit compound annual rate to reach $6.75 per share by 2015.
Greencore Group (Greencore), an international manufacturer of convenience foods and ingredients, has agreed to sell its malt business to Axereal Union De Cooperatives Agricoles (Axereal) for amount of up to €116.25m.
EVOL Burritos, a Boulder-based maker of organic frozen burritos, said that it will now source all its beef and pork from Niman Ranch, an industry provider in humane and sustainable livestock practices. The company has already sourced free-range poultry from Petaluma Poultry and cage-free eggs from Colorado-based Nest Fresh Eggs.
Tanfield Foods, a manufacturer of allergen free ready meals, soups and sauces, has received GBP4m investment from Inventages Venture Capital, a venture capital fund focused on the life sciences, nutrition and wellness sectors.
