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April 16, 2014 / 16 Nisan, 5774
At a Glance

Posts Tagged ‘PepsiCo’

More Kosher Snack Foods Coming Up for Passover

Monday, December 16th, 2013

Snack food manufacturers are increasingly turning to the Orthodox Union for kosher certification to expand their markets during the Passover holiday.

Classic Foods announced last week that the company and its branded snack products will be kosher for Passover, under the certification of the OU, which will put Kettle Classics, California Classics, and Baked Classics on the shelves in the growing category of Passover snacks.

One reason for the increased demand for kosher for Passover snacks is that a  significant segment of the kosher market is younger or made up of large families with many children.

One distributor estimated that sales of snack foods on Passover have grown by more than 30 percent in the last three years. Even brands like PepsiCo’s Lays produces a Passover chip in Israel which makes its way to the American market. Some stores that in years past had only a small section for snacks now feature entire aisles and said one retailer, “I could probably fill another.” But one retailer complained, “My problem is that I can’t do anything with what is leftover since I have few takers after the Yom Tov ends.”

Will Israeli Companies be Israeli in the Future?

Tuesday, September 10th, 2013

Are we rapidly approaching the day when most Israeli mega food companies will not even be Israeli? Nestle already owns a sizable share of Osem and PepsiCo holds a major stake in Strauss.

Now comes word that China’s Bright Food Group is in talks to buy Tnuva Food Industries. Could you imagine an Israeli food company owned by a Chinese company?

It may indeed be the days of the Moshiach (Messiah). Bright Food has over 3,300 retail stores across China and is known in the country for its dairy and White Rabbit candy. It is on a global buying spree and has bought majority holdings in Australia’s Manassen Foods and UK cereal maker Weetabix.

Tnuva is Israel’s largest food company and according to controlling shareholder Apax Partners LLP, the company holds 14% of Israel’s food retail shelf space. Apax and investment partner Mivtach Shamir Food Industries Ltd. acquired a 77% stake in Tnuva for more than $1 billion in 2008. I can already see a session between the two companies where the Tnuva people are explaining their different kashrus standards.

But as usual, there are so many ways to look at this possible acquisition. One is that Israeli companies have been so successful in producing and marketing quality food that they have attracted international attention. It is a tribute to the Israelis that some of the largest and most powerful food conglomerates are looking to gain a piece of the action and apply some of the unique Israeli technology and success to their efforts worldwide.

Second is that the Israelis are securing an infusion of capital to further develop their economy.

So much for the positive. My question is how will Israelis feel when they eat the Chinese Leben or drink the milk at breakfast. Maybe they won’t feel anything so long as the products are good and kosher.

Printed from: http://www.jewishpress.com/news/breaking-news/will-israeli-companies-be-israeli-in-the-future/2013/09/10/

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