Kraft Foods Inc. (NYSE: KFT - news), a global leader in branded foods and beverages, today announcedthat it has purchased the It's Pasta Anytime! convenient meal business and certain assets from Borden Foods Corporation. The brand was introduced in April 2000, andyear one retail revenues were about $36 million.
McCain Foods Limited will acquire the production facilities and food service business of Anchor Food Products Inc. in a three-party transaction. H.J. Heinz Company will purchase the company's branded products sold to retail outlets, including supermarkets and club stores.
PepsiCo today announced several organization changes designed to help the company gain the full benefit of its recently completed merger with The Quaker Oats Company.
While some retailers have yet to embrace 3-D CAD technology, others are quickly becoming dependent on its ability to review colors, materials, fixtures, lighting programs, and even merchandising plans.
