Product Development and Management

Company officials said the quarterly loss, while lower than the comparable quarter the previous year, stems from costs related to its new Arkansas plant.

The agreement between the New York-based companies brings together two organizations with a long history in the frozen food market.

The strong quarterly results led the company to raise its revenue forecast for the full fiscal year.

Company officials said the decrease was due in part to unfavorable volume/mix related to planned distribution exits primarily in its coffee and in-store bakery categories

The company is hosting a contest that will give the winner a year's supply of goat cheese.

The coffee supplier remains focused on enhancing its efforts to develop more sustainable solutions for the products it sells.

The deal, which is expected to close in the coming months, will accelerate Refresco's product innovation capabilities in the plant-based drinks category.

The deal valued at just more than $1 billion will allow the company to meet the growing demand for its products in the U.S.