Annual sales for Skippy, the second-largest U.S. peanut butter brand, are expected to total about $370 million in 2013, with $100 million coming from outside of the United States.
Agriculture
Inside the burger battle brewing by Lake Calhoun.
The move comes less than three months after John Gilbert took the reins as CEO, and through it, the company aims to boost profits by at least 1 percent.
Strong international sales helped fuel a 22 percent jump in second-quarter profits; the company’s Yoki Alimentos business in Brazil, which it bought earlier this year, contributed.
Appert’s President Joe Omann said that Sysco plans to retain the company’s 300 workers, and being acquired by an industry leader will likely lead to additional growth in Minnesota.
The users of dining-reservation platform OpenTable selected The Capital Grille and Restaurant Alma as two of the top 100 U.S. restaurants.
J.J. Taylor, which employs about 230 in Minnesota, is acquiring Chisago Lakes Distributing, a 35-employee distribution company located north of the Twin Cities.
The union representing American Crystal Sugar’s locked-out workers said that 55 percent of voting workers rejected the company’s offer—the same offer that Crystal Sugar has extended three other times.
A roundup of delicious gifts from local purveyors.
Branding agency Fame expands its menu of services and puts one fork in the food game.
Celebrate the holidays with your favorite clients in one of the Twin Cities’ delightfully private dining rooms.
The companies are discussing a rollout of Caribou locations in existing stores.
The Austin-based company is rumored to be eyeing Hillshire Brands Company, whose brands include Jimmy Dean sausages, Ball Park hot dogs, and Sara Lee.
Pinkberry is the latest in a series of frozen yogurt shops to spring up in the Twin Cities—although, with more than 175 locations in 17 countries, it’s among the largest to establish a presence here.
Following the sale of its business that produces shelf-stable cheese sauces and puddings, Associated Milk Producers will shutter its plant in the small west central Minnesota city of Dawson, laying off 130 workers.
Eighteen of the new restaurants will be in California, and a single new location will open in the cities of Lansing, Michigan; Independence, Missouri; and Yakima, Washington.
Summit Brewing Company, having reached brewing capacity, has sped up plans for its $6 million expansion; meanwhile, Duluth-based Fitger’s Brewhouse has reportedly scrapped its plans for a Minneapolis brewpub.
Corn and soybean prices, which are being driven up by this year’s drought, continue to impact local poultry and egg companies; ultimately, the drought is expected to drive up consumer prices.