Bakery

With the increasing usage of Global Food Safety Initiative (GFSI) audit schemes and the passage of the 2011 Food Safety Modernization Act (FSMA), many food companies have requested food safety evaluative services that are educational in nature, but not duplicative of audit elements found elsewhere. AIB’s newly released Food Safety•360° (FS•360) is an intensified food safety evaluation and education product that allows food companies to closely partner with food safety professionals to examine equipment, facility design, and other environmental factors that may impact their level of food safety …

GE Antares, a unit of GE Capital, announced today that it agented a $400 million senior credit facility as part of Wind Point Partners’ recapitalization of Hearthside Food Solutions. The financing consisted of a $340 million term loan, a $30 million delayed draw term loan, and a $30 million revolving credit facility. GE Antares served as administrative agent and GE Capital Markets acted as joint lead arranger and joint bookrunner for the transaction. …

The American Bakers Association’s (ABA) President and CEO Robb MacKie testified before the House Energy and Power Subcommittee today discussing the negative impact EPA’s Tailoring Rule would have on the baking industry. EPA’s potential lowering of its regulatory thresholds combined with the costs of Title V permitting and prevention of significant deterioration rules could be economically devastating for bakers. …

Hannaford Supermarkets is notifying consumers today that Hannaford brand Mini Frosted Cookies contain egg as an ingredient. …

The delayed plan by Suzy's Cream Cheesecakes Inc. to build an $8 million facility in Milwaukee's Menomonee Valley could soon proceed with a dispute among the company's owners being settled. …