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Pet Food News: Page 547
Pet Food News
Alabama Court awards Sunshine Mills US$61 million for malfunctioning software
In the second-largest jury verdict in Alabama since at least 2003, the Franklin County Circuit Court awarded US$61 million (including US$45 million of punitive damages) to Sunshine Mills against Ross Systems for malfunctioning software. The three-week trial, which took place in late 2010, brought claims that software sold by Ross Systems created phantom orders, overstated inventories by billions of dollars and created havoc in Sunshine Mills' manufacturing, accounting and shipping departments.
Brand Insights
Pet Food Manufacturer Thinks Outside the Box with EDL’s Double Tight Wrap Machine
EDL, as Massman Company
EDL Double Tight Wrap shrink wrapping machines use two perpendicular bands of LDPE film to tightly unitize and totally enclose a product or collation.
Pet Food News
New food safety law impact on imports discussed at Global Food Safety Conference
US Food and Drug Administration Deputy Commissioner for Foods Michael Taylor focused on the new food safety law's impact on imports at the Global Food Safety Conference in London. "All of you in this room acutely understand the major disruptions to our economies and to international trade that occur in the wake of major foodborne illness outbreaks and product recalls," said Taylor at the Global Food Safety Initiative-produced event.
Pet Food News
New products out to promote pet weight loss
According to newly released data, more than half of the 171 million cats and dogs in the US are overweight or obese, resulting in an expansion in the market of pet weight-loss technology and products, says an article in the Wall Street Journal. Such products include software for veterinarians to track a pet's "Body Condition Score," a blood test that can determine animals' body-fat percentage, Weight Watchers-type pet diet plans and dog treadmills.
Pet Food News
Owner of Hi-Standard Pet Food acquires Joy Pet Foods, Best Feeds
Wade Graskewicz, founder of Hi-Standard Pet Food, has acquired Joy Pet Foods and Best Feeds, adding 22 new products to the portfolio of the Ogden, Illinois, USA, American Nutrition plant where his products are produced. "The acquisition of Joy Pet Foods will strengthen our business platform and allow us to accelerate our growth plans for both brands," said Graskewicz.
Pet Food News
DSM's acquisition of Martek cleared by Spain's National Competition Commission
Royal DSM received clearance from the Counsel of the National Competition Commission in Spain for the previously-announced takeover of Martek Biosciences Corp. This was the final clearance needed under applicable antitrust and competition laws, thus satisfying the takeover offer completely, according to the company.
Pet Food News
Fressnapf reports 7.6% sales increase in pet products for 2010
Fressnapf increased its 2010 sales by 7.6% over the previous year, to €1.28 billion (US$1.75 billion) in 11 countries, according to the company. In Germany, the company reported sales of €874.7 million (US$1,198 million) equivalent to an increase of 5.2% compared with the previous year.
Pet Food News
France’s ATM Pet Food to open plant in Serbia, Tanjug reports
France-based ATM Pet Food plans to open a 10 million Euro (US$13.6 million) factory in Hrtkovci in the northern Vojvodina province of Serbia, according to a report from Serbia's Tanjug news agency citing local officials and ATM President Eric Charles. The Hrtkovci, Serbia, plant is expected to be completed within one year.
Pet Food News
Fast Market Research, Snapdata offer 'Snapshots Italy Pet Food' report
Fast Market Research published a new report from Snapdata, entitled "Snapshots Italy Pet Food 2010." The report provides 2009 year-end market size data, with five years of historical data and five-year market forecasts
Pet Food News
Nestle sales increase attributed to strong petfood sales in 2010
Nestle SA reported strong petfood sales in North America and revenue growth in developing countries as reasons for the company's 6% sales increase to nearly US$116 billion in 2010, according to the Glendale News-Press. The company's biggest challenge remains in developed countries, where effects of the recession are still being felt with lower sales, said the company's CEO, Paul Bulcke.
Pet Food News
Higher feed prices mean tough choices for consumers and their pets
Consumers may be forced to make choices regarding their companion animals' food as the prices for corn and grain rise, driving up feed prices, according to pntonline.com. In the last 12 months, the commodity values for corn and grain have nearly doubled, the US Department of Agriculture reported.
Pet Food News
European Food Safety Authority issues guidance on petfood additives
The European Food Safety Authority Panel on Additives and Products or Substances used in Animal Feed, FEEDAP, published a guidance for assessing additives in petfood. FEEDAP's opinion, "Guidance on the assessment of additives intended to be used in pets and other non food-producing animals," was published February 1 by EFSA Journal.
Pet Food News
Fast Market Research, Euromonitor release Netherlands petfood market report
Fast Market Reasearch released a new Euromonitor International report, entitled "Other Pet Food in Netherlands," offering a guide to the country's petfood market at a national level. The report provides retail sales data from 2005 through 2009 and identifies leading companies and leading brands.
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