Wrigley opens new product innovation center
The Wm. Wrigley Jr. Co. presented its Chicago product development lab and pilot manufacturing plant to employees and the public on September 13. The gum and candy giant developed the $45 million complex, with $15 million in city tax relief, to keep its new-product pipeline full, accelerate the time it takes for new offerings to reach the market and foster greater companywide collaboration.
IBC to shut Iowa bakery, cut 150 jobs
Interstate Bakeries Corp. said Aug. 31 that it will close its Davenport, Iowa, bakery by Nov. 4 as part of its ongoing restructuring. The move will eliminate 150 jobs.
Hansen's 'Monster' Drink Punches Up Profits by 244%
Hansen Natural Reaping 'Monster' Rewards
The firm's "Monster" energy drink is a monster hit in the alternative beverage market. The beverage boosted Hansen's profits by 244 percent in the last year, earning the company a spot on Fortune magazine's 100 Fastest Growing Companies list.
Dean names Scalzo as CEO for WhiteWave unit
Joseph Scalzo, currently a senior manager at The Gillette Company and former chief marketing officer with Coca-Cola Co.'s Minute Maid, will become the new president and CEO of Dean Foods' WhiteWave Food division.