Word: processor
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FOOD MERGER is in works between fast-growing Corn Products Refining Co. and Best Foods, Inc. to create grocery processor second only to General Foods Corp. (annual sales: $1 billion). Corn Products (Mazola salad oil, Karo syrups) grossed $495 million last year, while Best Foods (Nucoa margarine, Hellmann's mayonnaise) grossed $114 million...
...food business is not only the nation's biggest ($80 billion this year), but its sales are steadily on the rise. Last week General Foods Corp., largest U.S. packaged-food processor, reported that its sales in the fiscal year ending March 31 topped $1 billion for the first time, its earnings jumped 10% to $48.4 million-and both are still climbing. President Charles Mortimer, 57, had only one minor complaint: "We spent $87 million in advertising last year, but not one penny to advertise the name of General Foods. Most of our customers do not even know that General...
United will provide the competitor with assets and properties to support imports of about 9,000,000 stems a year, about 35% of United's imports in 1957. Managerial personnel must also come from United. The decree restricts United from acting as a processor or jobber with in the U.S., and orders it to get rid of its holdings in International Railways of Central America, which owns the main railroad in Guatemala and El Salvador...
Arkansas' Governor Faubus appears to have gone even farther than Pennsylvania's embattled Governor Snyder in that he appears, personally, to be creating conditions in which he might violate the law. By disposing state militiamen around his mansion to prevent serving of a legal processor warrant, he will be liable (if such a warrant is issued) to punishment of a fine not exceeding $300 and/or one year's imprisonment...
...surrounded himself with scientists, and Catini's white-coated Giacomo Fauser developed the world-famous nitrogen fixation process that made it a leader in producing nitrates and fertilizers. When bills for fertilizer bags got too high Donegani imported jute from India, made Catini Italy's biggest jute processor; when power shortages hampered production, he built his own dams and power stations. With tycoon-fitting foresight. Engineer Donegani made Catini the largest producer of power for private use in all of Europe...