Smart Balance acquires Glutino Food Group
PARAMUS, N.J. — Smart Balance announced its acquisition of a gluten-free food maker.
The company said its acquisiton of Glutino Food Group, valued at $66.3 million, will expand Smart Balance’s portfolio of gluten-free product offerings. Glutino sells a wide range of premium-priced, gluten-free foods — including both shelf‐stable and frozen gluten‐free snack foods, frozen baked goods, frozen entrees and baking mixes throughout North America — under the Glutino and Gluten Free Pantry brands.
"The gluten‐free segment is complementary with our corporate vision of creating a health- and- wellness innovation platform that builds brands targeted at highly motivated consumer need states," Smart Balance chairman and CEO Stephen Hughes said. "Just as our Smart Balance, Earth Balance and Bestlife brands address the health- and- wellness needs of consumers, Glutino addresses a specific dietary need by eliminating gluten in foods that consumers have to avoid for health reasons. "
Knorr Homestyle Stock comes to U.S. market
ENGLEWOOD CLIFFS, N.J. — Knorr has tapped world-renowned chef Marco Pierre White to introduce its latest innovation to Knorr’s family of sauces and bouillons.
Knorr and White, who serves as the company’s brand ambassador, have introduced Knorr Homestyle Stock to the U.S. market, a new line of concentrated flavors that can be used for cooking a variety of meals. As part of the launch of Homestyle Stock, available in beef and chicken flavors, White has debuted recipes exclusively on Knorr.com that feature Knorr Homestyle Stock.
Each package of Knorr Homestyle Stock includes four packs of concentrated stock and each pack produces three-and-a-half cups of broth, offering a great value over liquid stocks and broths. The suggested retail price of each four-pack is $3.99.
Popchips introduces jalapeño flavor
SAN FRANCISCO — Popchips is bringing the spicy heat of green jalapeño peppers to its latest snack.
New jalapeño Popchips will be available in a 3-oz. share and a single-serve pack this month in stores nationwide, Popchips announced this week.
"We’ve been getting so many requests for jalapeño Popchips, but had to make sure to strike the right balance between the fresh flavor and spicy heat of green jalapeño peppers," Popchips co-founder and CEO Keith Belling said. "And we’re excited to give our snackers just what they’re looking for — an all-natural, deliciously spicy snack that’s not too hot to handle."