One will assume a number of IBO routes from the other in order to continue growing its national DSD distribution network; meanwhile, the other will receive access to that distribution network with expanded opportunity as a key partner brand.
Prior to joining the association in 2002 as managing director, the departing leader, who is pursuing other professional opportunities, held a leadership position with technology vendor OMI International and spent 25 years with Nabisco.
Approximately 80 percent of the $19 billion in revenues from the newly spun food & beverage company comes from categories in which it holds the No. 1 or No. 2 market position.
The company has not yet identified a buyer, but believes the dairy business possesses an attractive portfolio in a growing marketplace and a top-notch management team.
