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Nutraceuticals market expected to exceed $200 billion mark by 2016

BY Allison Cerra

LONDON — A new report by CompaniesAndMarkets.com projected the nutraceuticals market will reach $207 billion by 2016, thanks to an increased demand in functional food, beverages and supplements.

The 231-page "Nutraceuticals: Global Markets and Processing Technologies" report highlighted market trends, products, mergers and acquisitions/collaborations, innovation, opportunities/barriers to growth and other influencing factors. Companies profiled in the report include Bayer Healthcare, Coca-Cola, Cadbury, PepsiCo and more.

To access the report, click here.

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Mars VP throws pitch at Red Sox game for good cause

BY Allison Cerra

NEW YORK — On behalf of its Combos brand, which serves as a sponsor of the Boston Red Sox, Mars Chocolate North America executive Tim LeBel threw the ceremonial first pitch at the Red Sox game last week to benefit two charitable causes.

LeBel, who serves as the company’s VP sales in-store solutions and grocery/value, threw the first pitch at the Aug. 2 Red Sox game at Fenway Park, which garnered donations for the FACE Foundation and the Lawrence Boys Club. LeBel and Craig Hall, general manager for sustainable snacks at Mars, presented a $5,000 donation to Fred Lynn for the FACE Foundation and $2,500 for the Lawrence Boys Club.

“It was an honor to throw the ceremonial first pitch at legendary Fenway Park,” LeBel said. “But to be able to do so and support two very worthy charities at the same time is really special and I’m thrilled that Combos was able to use its team sponsorship for both of these great causes.”

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Snyder’s-Lance expands distribution network with Greer acquisition

BY Allison Cerra

CHARLOTTE, N.C. — Snyder’s-Lance announced it has acquired a snack food distributor serving the Rhode Island, eastern Massachusetts and New Hampshire markets.

The company said it has acquired all of the issued and outstanding shares of George Greer Co. Greer distributes Synder’s-Lance’s Cape Cod, Lance, Archway and Stella D’oro brands, as well as other leading brands and private-label products.

"We’re excited to expand our direct store delivery distribution system in New England with the addition of Greer," said Ed Good, president of S-L Distribution, a subsidiary of Snyder’s-Lance. "Leveraging the strengths of Greer is a great way for us to extend the reach of our DSD network, expand service for our customers and enhance the long-term opportunities for our independent operators in the region."

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