As Judy Putnam, Lansing State Journal columnist put it, “If you have a kid, you know the moment.” Putnam was referring to the checkout drama that occurs when children tug at their parents’ sleeves and ask for candy, which is conveniently placed at eye level.
Parker Products, a Fort Worth-based supplier of inclusions and other specialty ingredients for the baking, beverage, confectionery, dairy, ready-to-eat and snack industries, on Monday broke ground on a new 90,000-sq.-ft. facility.
Westchester, Ill.-based Ingredion Inc., a leading global supplier of ingredient solutions, signed off on a $400-million stock purchase agreement Tuesday to acquire all of the outstanding shares of TIC Gums Inc., a privately held, U.S. company that provides advanced texture systems to the food and beverage industry.
I do see two issues looming ahead, however, and those are sugar taxes and legalized marijuana, both of which have major implications for the confectionery industry. But let’s focus on something all confectioners should do well to monitor: sugar taxes.
Lenexa, Kan.-based Corbion sold its Breddo-Likwifier division to Ensight Solutions LLC, a wholly-owned subsidiary of AmProd Holdings LLC based in Strafford, Mo., last Friday, a move which will enable greater focus on high value-added food ingredients.
The NPD Group’s research reveals that as more consumers recognize that GMOs have benefits in producing better and more resilient crops, such awareness comes with worries about consuming GMOs. As a result, GMOs have become the fastest growing food additive concern, NPD Group says.