Wockhardt divests nutrition business
MUMBAI, India — Indian generic drug maker Wockhardt will sell its nutrition business to France’s Danone, the company said Tuesday.
The deal is worth $355 million, according to published reports, and includes brands like Farex, Dexolac, Nusobee and Protinex.
Wockhardt said the deal was part of a strategy to consolidate and rationalize its core operations and focus on its pharmaceutical business.
Land O’Lakes introduces cinnamon sugar butter spread
NEW YORK — Land O’Lakes has expanded its line of butter products with a cinnamon sugar butter spread.
The company said that the product, which comes in a 6.5-oz. tub, contains seven all-natural ingredients — cream, sugar, canola oil, water, cinnamon, salt and citric acid. Land O’Lakes said that its cinnamon sugar butter spread is versatile and can be used on a variety of foods and for cooking.
“Innovation is driven by consumer insights. We try to uncover consumers’ needs and develop products to meet them,” Land O’Lakes marketing manager for retail innovation Angela Pengelly said. “It’s convenient because like our other spreadable butters, you can spread [cinnamon sugar butter spread] straight from the fridge. Moms use it to help get their kids to eat healthier foods,” she added.
Meals to Live arrives at retail
DALLAS — A line of frozen meals that caters to the nutrition needs of people living with diabetes has arrived at stores nationwide.
Meals to Live offers diabetics a variety of nutritious, convenient entrees in easy-to-read packaging that clearly displays relevant nutritional information on the front of the products. The line now is available at select locations of Walgreens, Randall’s/Tom Thumb, Raley’s, Brookshire’s, Ralph’s, Sprouts and Publix.
"After working with a number of diabetes support groups, I saw first-hand the frustrations these individuals face every day as they try to adhere to certain nutritional requirements and I was surprised to learn that there is nothing in the grocer’s freezer specifically for them," Meals to Live founder and CEO Cole Egger said. "Our meals provide a delicious, convenient alternative while meeting the nutritional needs of those living with diabetes, or anyone looking for flavorful, healthy meals."
Suggested retail price for entrees ranges from $3.99 to $4.99.