Bestfoods Forms International Food Solutions, A Leading Custom Food Ingredient Company.ENGLEWOOD CLIFFS, N.J.--(BUSINESS WIRE)--Nov. 15, 1999-- Bestfoods announced today the formation of International Food Solutions, Inc. (IFS), a leading developer and processor of custom sauces and seasonings. The new company merges the recently acquired Case-Swayne Co., Inc. and Bestfoods' Milwaukee Seasonings unit. IFS provides custom dry and liquid sauces, marinades, coatings, bases, and seasoning blends, as well as culinary and menu support, to chain restaurants, food processors and other customers. The new company has annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. sales of approximately $230 million. "International Food Solutions is focused on delivering the highest quality products and superior customer service," said Keith Swayne, chief executive officer of IFS. "We have an unmatched team of talented people, access to Bestfoods' great international capabilities, and state-of-the-art production facilities that give us the flexibility to quickly respond to changing consumer trends, while maintaining strict quality controls." IFS is a part of Bestfoods Foodservice, Bestfoods' North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. foodservice unit. IFS is headquartered in Corona, CA, which had been home to Case-Swayne. Bestfoods acquired Case-Swayne in October, bringing Bestfoods' foodservice sales in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. to more than $600 million a year and its worldwide foodservice sales to about $1.5 billion. ABOUT BESTFOODS: Bestfoods, formerly CPC (1) (Central Processing Complex) An IBM mainframe that has two or more central processors (CPs) that share memory. It is the collection of processors, memory and I/O subsystems manufactured with a single serial number, typically all contained in one cabinet. International Inc., is among the largest U.S. food companies, with sales of about $8.4 billion in 1998. Best known among Bestfoods' U.S. products are: Hellmann's and Best Foods Hellmann's and Best Foods are brand names that are used for the same line of mayonnaise and other food products. The Hellmann's brand is sold in the United States east of the Rocky Mountains, and also in Latin America, Europe, and Canada. mayonnaise and dressings; Mazola corn oil corn oil n. A pale yellow liquid obtained from the embryos of corn grains, used especially as a cooking and salad oil and in the manufacture of margarines. Noun 1. and margarine; Skippy peanut butter; Knorr soups, sauces, and bouillons; Entenmann's sweet baked products; Thomas' English muffins; Arnold, Brownberry, Freihofer's, and Oroweat breads; Boboli pizza crusts; Mueller's pasta; and Karo KARO Kane Amateur Radio Operators (Kane, PA) syrup. Bestfoods' global Knorr brand comprises one of the world's most extensive lines of products. Bestfoods is one of the nation's most international food companies, with operations in more than 60 countries and products marketed in 110 countries. For more information about Bestfoods, visit the company's website on the Internet at: http://www.bestfoods.com. |
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