--(www.USEquityNews.com)-- 08/20/2008 - Consumer Goods industry alert provided by U.S. Equity News. The board of H.J. Heinz Co. (NYSE: HNZ) declared a quarterly cash dividend of 41.5 cents per share. The ketchup maker said the dividend is payable Oct. 10 to shareholders of record as of Sept. 22.
Accelegrow Technologies, Inc., ( www.accelegrow.com ), announced recently that William H. (Bill) Camp, former Executive Vice President of Archer Daniels Midland Company (NYSE: ADM), has been named Chairman and CEO of Accelegrow Technologies, Inc., effective Aug. 6. Mr. Camp has served on the Board of Directors of Accelegrow, a West Point, Ga.-based agriscience company, since January this year. He succeeds Gerald B. Andrews Sr., Accelegrow Chairman and CEO since the company's operations began in 2006. Mr. Andrews, who made the announcement, will remain on Accelegrow's Board.
Chiquita Brands International, Inc. (NYSE: CQB) recently announced that it has completed the previously announced sale of its wholly-owned German distribution business, Atlanta AG to UNIVEG Fruit and Vegetables BV for net proceeds of approximately euro 65 million, or US$92 million, including working capital and net debt adjustments. The parties also entered a long-term strategic agreement in which Atlanta will continue to serve as Chiquita's preferred supplier of banana ripening and distribution services in Germany, Austria and Denmark. The company continues to anticipate that the sale and related entry into the long-term banana ripening and distribution services agreement will result in a gain as well as a one-time tax benefit. Net proceeds are expected to be used primarily for debt reduction, and the sale and related use of proceeds are anticipated to be accretive to future earnings.
NutraCea (OTCBB: NTRZ), a world leader in stabilized rice bran (SRB) nutrient research and technology, recently announced financial results for its second quarter ended June 30, 2008. The Company reported net revenues of $10.3 million for the second quarter of 2008, compared to net revenues of $13.0 million for the second quarter of 2007. The net revenues for the second quarter of 2007 included a one-time license fee of $5.0 million (non-recurring) without which net revenues for the second quarter 2007 would have been $8,000,000. Sequentially, net revenues for the second quarter of 2008 rose 102% over first quarter 2008 net revenues of $5.1 million. The Company's two business segments, NutraCea and Irgovel, recorded net revenues of $3.9 million and $6.4 million, respectively, for second quarter 2008.
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