Unilever CEO Polman Quits After 10 Years

The CEO of Unilever is stepping down after 10 years at the helm.

Paul Polman’s tenure was marked by a 290% return on investment and a successful defense against a takeover bid by Kraft Heinz. On the other hand, his attempt to move the Anglo-Dutch conglomerate’s headquarters out of the United Kingdom was shot down last month after large shareholders objected. The company, which has long maintained dual headquarters in the UK and Holland, was seen as trying to pull out in the wake of Brexit.

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Bellisio’s Buys Frozen Specialties Inc.

Frozen food manufacturer Bellisio Foods has entered into an agreement to buy Frozen Specialties Inc. (FSI), a processor of frozen pizza and related products primarily for private label. Bellisio made a deal to buy FSI, based in Perrysburg, Ohio, from Swander Pace Capital for an undisclosed sum.

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Kellogg Co. Rolls Out Instant Smoothie Bowls

Kellogg Co. is entering the increasingly popular smoothie bowl category with joyböl. This shelf-stable product features a collapsible spoon and a cup of wholesome ingredients to which the consumer adds cold water, milk or a non-dairy beverage, then stirs to make a creamy, satiating portable breakfast or snack. The initial launch is in five varieties. Four of them — chocolate hazelnut, matcha berry, strawberry almond quinoa, and superberries and acai — come with granola clusters.

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PepsiCo Buys British Snack Maker

PepsiCo has announced plans to acquire a British manufacturer of premium salty snacks.

Pipers, a 14-year-old company based in Lincolnshire, creates kettle chips and pea-based snacks called “Crispeas.” The company distributes its products throughout the United Kingdom, and has sales in Europe and the U.S. PepsiCo says it hopes to expand distribution, especially in export markets.

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Litehouse CEO Jim Frank To Retire

Refrigerated salad-dressing maker Litehouse Inc. announced that President/CEO Jim Frank will be retiring from the company. Kelly Prior, executive vice president and CFO, will be interim president during a search for the company’s next CEO.

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