ConAgra Foods Announces New Line of Natural Peanut Butter Spreads
12 May 2011 --- Peter Pan Natural peanut butter spreads were developed to directly address these consumer barriers by offering the brand's perfect blend of 'peanutty' taste at a great value. 5/12/2011 --- ConAgra Foods, Inc., one of North America's leading food makers, announced a new line of natural peanut butter spreads from its Peter Pan brand. The three no-stir varieties - Natural Creamy, Natural Crunchy and Natural Honey Roast Creamy - are made with 100 percent natural ingredients and contain no high fructose corn syrup, hydrogenated oils, trans fat or preservatives. "Some natural peanut butters are perceived as being too expensive, difficult to stir, and having oily pooling on top," said Karl Sears, vice president and general manager, ConAgra Foods. "Peter Pan Natural peanut butter spreads were developed to directly address these consumer barriers by offering the brand's perfect blend of 'peanutty' taste at a great value. Priced the same as the original Peter Pan varieties, there's no need to stir and no pooling on top." Seemingly untouched by the recession, the natural segment is driving growth in the peanut butter category. Natural peanut butter dollar sales increased 9.4 percent this year with dollar sales for the total peanut butter category growing at 2.1 percent. Currently, natural peanut butter accounts for 17 percent of all peanut butter sales. "Peter Pan is already the fastest growing peanut butter brand with dollar sales increasing more than 6 percent this year," Sears said. "We expect even more sales momentum as more people begin to incorporate natural foods into their diets. With the launch of Peter Pan Natural, we're now able to meet the needs of every peanut butter lover." Peter Pan Natural peanut butter spread is now available at grocery retailers and supercenters nationwide for an average retail price of $2.21 for a 16.3-ounce jar and $3.67 for a 28-ounce jar. Natural Crunchy is currently available only in the 16.3-ounce size. Other popular Peter Pan varieties include Creamy, Crunchy, Honey Roast, Whipped, Reduced Fat and Plus. To contact our editorial team please email us at editorial@cnsmedia.com 
Related ArticlesFood Ingredients News Weekly Digest: Symrise nominated for Sustainability Award, innovation in cricket protein flours
20 Jul 2018 --- Symrise has been nominated for the German Sustainability Award. Cricket protein brand Seek, has launched a new line of high protein and sustainable baking flours. Michel Burla, Managing Director of the Cereals and Ingredients Division of the Hochdorf Group, is to step down at the end of this year and GEA has been working with Almarai Company in Saudi Arabia to build the nation’s largest and most modern dairy processing facility. Food Ingredients News JM Smucker offloads US baking business to private equity for US$375 million
10 Jul 2018 --- The JM Smucker Company has signed an agreement to divest its US baking business to private equity firm Brynwood Partners in a deal valued at US$375 million. The US manufacturer of fruit spreads, ice cream toppings, beverages, shortening, peanut butter and oils says the deal is part of an initiative to reshape the company portfolio and strengthen its focus on coffee, snacking and pet food. Food Ingredients News Conagra Brands to acquire Pinnacle Foods for US$10.9bn in cash and stock deal
27 Jun 2018 --- Conagra Brands has purchased Pinnacle Foods in a deal valued at US$10.9 billion including debt, expanding its footprint in the frozen food sector. The boards of Conagra Brands and Pinnacle Foods Inc. have unanimously approved the definitive agreement under which Conagra Brands will acquire all outstanding shares of Pinnacle Foods in a cash and stock transaction, including Pinnacle Foods' outstanding net debt. The deal will create a leader in frozen foods with an expanded presence in snacks and a combined revenue of US$11 billion. Food Ingredients News Conagra Brands buys Pinnacle Foods in US$10.9bn cash deal
27 Jun 2018 --- Conagra Brands has purchased Pinnacle Foods in a deal valued at US$10.9 billion including debt, expanding its footprint in the frozen-food sector. The boards of Conagra Brands and Pinnacle Foods Inc. have unanimously approved the definitive agreement under which Conagra Brands will acquire all outstanding shares of Pinnacle Foods in a cash and stock transaction, including Pinnacle Foods' outstanding net debt. Food Ingredients News Trade war escalates: EU counter-tariffs to hit certain US food products from tomorrow
21 Jun 2018 --- The EU is hitting back at US steel and aluminum duties with its own list of retaliatory tariffs due to come into force on Friday (June 22). The move will see charges on a range of products including bourbon, cranberries and peanut butter. Referred to as “rebalancing measures,” the EU has adopted a regulation that puts in place the tariffs targeting a list of products worth €2.8 billion (US$3.2 billion). |
