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Argosy Group Int’l. Acquires Donper America
Argosy Group International, a maker of frozen dessert equipment, has finalized an agreement to acquire Donper America. Both companies are based in Orlando, Fla. AGI’s brands include Argosy, Donper America and Frozen Yogurt Solutions. Donper America manufactures self-serve frozen-yogurt equipment. “We entered the soft-serve market because the resurgence of frozen yogurt has energized the category.…
Brinkley Joins AccuTemp’s Combi Division
AccuTemp Products has tapped David Brinkley, CFSP, as v.p.-Combi Oven Division. Brinkley will be responsible for the sales of AccuTemp’s new Fusion line of combination oven-steamers. He will report directly to John Pennington, CFSP, the Fort Wayne, Ind., company’s exec. v.p.-sales/marketing and senior corporate chef. Brinkley will work out of his office in St. Louis.…
Darden Unrolling $40M Olive Garden Makeover
During the next three years, 300 older-style Olive Garden outlets are targeted for the chain’s new Revitalia-style makeover featuring lighter fare and less cluttered interiors. Two of Orlando-based Darden Restaurants’ remodeled Florida units will serve as templates for the 75 stores slated to get a more youthful, urban look in 2014. The price tag, at…
Internet Dealer To Warehouse Stock Underground
FoodServiceWarehouse.com is going deep to store its inventory of equipment and supplies. The e-commerce firm has signed a 10-year lease to occupy 475,200 sq. ft. of warehousing and distribution space in Hunt Midwest SubTropolis, the world’s largest underground business complex. FSW, founded in 2006, cited location and logistics as the primary reasons for moving its…
New Ownership Alights On Sterno Candle Lamp
Candle Lamp Co., the parent of SternoCandleLamp, was acquired Oct. 10 for $163 million by Westport, Conn.-based Compass Diversified Holdings (CODI). The century-old company, headquartered in Corona, Calif., makes and markets portable food- warming fuel and table lighting products, including wick- and gel-chafing fuels, butane stoves and accessories, liquid and traditional wax candles, catering equipment,…
Restaurant Traffic Flat In 2013, Reports NPD; 1% Growth Forecast For ’14
The NPD Group’s foodservice practice said in a release Dec. 17 that it expects restaurant visits will come in flat for all of 2013, though spending will rise 2%. The firm also said it expects traffic will grow by 1% in 2014 with spending up 3%. Segments expected to drive the growth include fast casual,…
Consumers Appear To Shrug Off Brutal Winter
Maybe the heating bills haven’t shown up yet, but the severe winter weather in many parts of the country and a couple of weak jobs growth reports don’t seem to be dampening consumer confidence very much, if at all. The Thomson Reuters/University of Michigan Consumer Sentiment Index actually ticked up slightly to 81.6 in the…
Food And Gasoline Prices On The Rise
March brought another round of sharp increases in food and gasoline prices, according to wholesale and consumer price data from the U.S. Bureau of Labor Statistics and AAA. The National Restaurant Association calculates that average wholesale food prices rose 1.1% in March, based on Producer Price Index data. Menu prices rose 0.3% for the second…
Will Gas Prices Undermine The Recovery Of Restaurant Sales?
One of the key influences on restaurant sales is gasoline prices. When they increase or particularly spike sharply upward, restaurant sales almost always suffer. So, on the heels of the tough winter’s negative effect on sales and traffic and the sharp rebound of sales and traffic in April and May, many are concerned with the…
Food Prices Spike Again In July
The rise in food prices continued in July as prices at the wholesale level rose another 1.1% during the month, the sixth consecutive increase during the past seven months. For the past 12 months, prices at the wholesale level, as computed by the National Restaurant Association from U.S. Bureau of Labor Statistics Producer Price data,…
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