Refrigerated pasta and specialty foods processor Monterey Gourmet Foods, Inc., Salinas, Calif., said it agreed to be purchased by Korea's Pulmuone U.S.A., Inc. in a $2.70 per share cash tender.
General Mills Inc., Minneapolis, said it has restructured its Brazilian business and -- while it wants to "increase investment" in the country -- it will stop producing Frescarini refrigerated pasta.
As vice president and general manager of Buitoni North America, it’s not unusual that Terri Tinella would visit the unit’s refrigerated pasta plant in Danville, Va. Nor is it out of the ordinary that plant officials would prepare a little “show-and-tell” presentation for Tinella’s visits.