Laval, Canada—SmartBalance, Inc., marketer of the natural foods brand EarthBalance, has purchased Glutino Food Group (Glutino) from Claridge Natural Foods for $66.3 million. Claridge, a Montreal-based investment firm, transfered 100% equity interest in Importations DE-RO-MA, which owns Glutino, over to SmartBalance. Glutino is an established presence in the gluten-free market, with offerings under the Glutino and Gluten Free Pantry brand names.
Uelzen, Germany—The tragic E. coli outbreak in Europe, having taken the lives of at least 37 people mostly in Germany, has subsided at press time. Though the number of new illnesses has dwindled, the episode leaves lingering questions about organic farming in the minds of the public.
At the most recent Codex Committee on Food Labeling (CCFL) meeting in Canada, collaborators agreed to drop ongoing work on creating labeling recommendations for and generally defining Genetically Modified Organism (GMO) products. CCFL has decided to instead compile Codex texts on the subject of GMOs as a reference guide.
New York, NY—It’s a good time to sell natural and organic foods. According to market research firm Packaged Facts, U.S. retailers sold nearly $39 billion worth of natural and organic foods and drinks in 2010.
Geneva, Switzerland—Following the U.S. delegation’s decision to drop its longstanding opposition to the concept, an official guidance on the labeling of products containing Genetically Modified Organisms (GMOs) was adopted at the annual Codex Alimentarius summit.
Little Rock, AR—The historic floods that moved through the Mississippi Delta region recently had wide-ranging, often devastating effects on agriculture, according to reports. These effects are probably related to the worsening of other economic conditions; damaged or postponed crop plantings have meant lost jobs on farms and a further uptick in food prices already trending high.
Washington, D.C.—An interagency Working Group led by the Federal Trade Commission (FTC) has come out with voluntary guidelines that would limit advertising aimed at children for foods high in sodium, sugar and saturated fat. The proposals state that food advertising should promote healthy dietary choices in children, as well.