Nestle SA’s Lean Cuisine is being hit by concerns that the low-calorie frozen dinners it pioneered are unhealthy and too expensive, a lethal one-two punch for a product targeted at budget-conscious dieters.
Campbell’s soup and Chef Boyardee pasta are banned from Lori Popkewitz Alper’s pantry in Bedford, Massachusetts, because the mother of three says her family may be harmed by the chemical that lines the metal containers.
Demand for meat in emerging markets, which spurred the biggest proposed Chinese takeover of a U.S. company, is turning American producers such as Hillshire Brands Co. and Sanderson Farms Inc. into potential acquisition targets.
Dean Foods Co.’s WhiteWave Foods Co. unit may become a takeover target for buyers such as General Mills Inc. after it is spun off from the dairy maker, said Alexia Howard, an analyst at Sanford C. Bernstein & Co.
Food companies, facing increased scrutiny over the potential cancer risks of baked and fried products in the $80 billion crackers and cookies market, are bingeing on enzymes used to reduce the level of toxins.
Kellogg Co., the maker of Corn Flakes cereal and Keebler cookies, said third-quarter profit fell 14 percent as it boosted spending to upgrade factories and monitor suppliers more closely. The shares fell the most in three years.