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Hain Celestial adds Almond Dream yogurt to portfolio

BY Allison Cerra

MELVILLE, N.Y. — It’s official: Hain Celestial has added a nondairy-based yogurt to its portfolio.

As previously reported, the company said it would launch a low-fat yogurt line, made with real almonds, under the Almond Dream brand that would cater to lactose-intolerant customers or those looking for less dairy. The yogurt line will be available in four flavors: plain, vanilla, strawberry and mixed berry.

"We are very excited about the new additions to the Almond Dream brand," said Basel Nassar, COO of Hain Celestial’s Hain refrigerated foods division. "Customer feedback from in-store demos is incredibly positive and consumers are delighted by the rich and creamy taste and texture and the fact that it is a nondairy yogurt."

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Kellogg’s to buy P&G’s Pringles business

BY Allison Cerra

BATTLE CREEK, Mich. — Kellogg’s is fortifying its snacks business by purchasing Procter & Gamble’s Pringles business for nearly $2.7 billion.

The companies expect to complete the transaction in the summer of 2012, pending necessary regulatory approvals.

The announcement follows last year’s agreement between P&G and Diamond Foods through which Diamond Foods would acquire Pringles for $2.35 billion. The deal was delayed "to allow Diamond Foods to complete an accounting investigation."

"We are excited to announce this strategic acquisition," Kellogg’s president and CEO John Bryant said. "Pringles has an extensive global footprint that catapults Kellogg to the number two position in the worldwide savory snacks category, helping us achieve our objective of becoming a truly global cereal and snacks company. We are delighted to welcome the employees of the Pringles organization to Kellogg. Their collective passion and commitment has resulted in Pringles’ well-deserved acclaim as one of the most recognized brands in the world.

Pringles is an exciting brand in a large and growing category," Bryant said. "The addition of Pringles to our global cereal and snacks portfolio will provide an excellent return for stakeholders and better position us for future, profitable growth."

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P&G, Alliance to Save Energy to encourage consumers to practice better laundry habits

BY Allison Cerra

CINCINNATI — Procter & Gamble has teamed up with a nonprofit to promote the environmental and energy savings benefits of washing laundry in cold water.

Through its partnership with the Alliance to Save Energy, P&G said the Alliance will work with P&G’s Future Friendly natural resource education initiative, as part of an Earth Day-focused campaign that encourages consumers to change their laundry habits. The campaign will feature a Facebook sweepstakes, pop-up events and media activities. All of the campaign elements will utilize Alliance-provided data and consumer-friendly language to illustrate the environmental benefits of cold water washing and drive consumer action, P&G said.

“We look forward to working with the Alliance to Save Energy to showcase how little acts like switching to cold water washing can create enormous benefits for the environment," P&G VP global sustainability Len Sauers said. "Convincing consumers of the benefits of these habit changes is key because there is a tremendous power in the collective actions of these households.”

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