Maple Leaf currently holds approximately 90 percent of the outstanding shares of Canada Bread and has agreed to vote all of such shares in favor of the transaction.
To enable this investment, the company will consolidate its current U.S. biscuit manufacturing footprint on the East Coast, resulting in the closure of its Philadelphia bakery by early 2015.
Anheuser-Busch plans to invest in Blue Point Brewing Co., to grow its operational capabilities and enhance the consumer experience over the next few years.
Del Monte plans to realize several benefits from the Kenandy deployment at Natural Balance, including better visibility through a single source of data and the elimination of many manual processes.
The global leader brings over twenty years of marketing and business expertise to HEINEKEN USA's portfolio from starting his career in marketing and innovation roles at Unilever.
The appointment comes after B. Craig Owens, Chief Financial Officer and Chief Administrative Officer since 2008, has informed the company of his decision to retire on May 1, 2014.
