Deciding an issue that has pitted milk producers against dairy processors, the U.S. Customs Service ruled in April that it would not reclassify certain milk protein concentrate (MPC) products and subject them to higher tariffs.
Dreyer's Grand Ice Cream Holdings said last month it cut around 950 jobs in its second quarter and plans to eliminate another 150 this year as a result of its $2.8 billion merger with Nestle SA's American unit.
There were times when it seemed like it wasn't going to happen, but after 12 months of discussions and negotiations, most of them with Federal Trade Commission, Nestle has suceeded in pulling off its $2.8 billion purchase of Dreyer's Grand Ice Cream.
Last month FDA took the first step toward updating the federal standards of identity for yogurt by publishing a three-year-old National Yogurt Assn. petition as a notice of proposed rulemaking.
An item in the June installment of Dairy Market Trends regarding the top 10 brands of low-fat and skim milk ranked HP Hood 10th with $44 million in sales for the 52-week period.