Speaking on China
Dr. Craig Seidelson from Timken Corp. speaks Wednesday at Youngstown State University about Chinese manufacturing.
The event is from 6:30 to 7:30 p.m. in Schwebel Auditorium in Moser Hall on the second floor. Free parking is available in the F2 lot next to Beeghly College of Education.
To reserve a seat, contact Jenifer Miller at firstname.lastname@example.org or 330-941-4635.
Ribbon-cutting planned at ALDI
ALDI will host a ribbon-cutting ceremony at 9 a.m. July 18 for its remodeled store, 5863 Mahoning Ave. After the ceremony, the first 100 shoppers will receive several offers from the company, including an opportunity to participate in a 90-second Grocery Grab.
The Salem Chamber of Commerce is hosting a business-startup workshop from 1 to 3 p.m. July 24 at the chamber building at 713 E. State St. The cost is $20. To register, email email@example.com.
ADM buys maker of flavors for $3B
Archer Daniels Midland already makes sweeteners, fibers, emulsifiers and an array of other ingredients used in packaged foods and drinks. Now it’s getting in the business of natural flavors.
The agribusiness giant, based in Decatur, Ill., said Monday it will acquire the privately held Swiss company Wild Flavors in an all-cash deal that will total $3.13 billion counting debt, or 2.3 billion euros. Founded in 1931, Wild Flavors makes natural flavors and “flavor systems” that help give products their distinct tastes.
Natural and artificial flavors are listed as ingredients in a wide variety of packaged foods and drinks around the world. Such flavors help make Coke taste like Coke and Cheetos taste like Cheetos. But companies typically don’t disclose what exactly goes into making those flavors, which are considered trade secrets.
According to the U.S. Food and Drug Administration, the term “natural flavor” can be used for oils and other extracts from spices, fruits, vegetables, herbs, meats and other foods.
Vindicator staff/wire reports