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FOOD AND BEVERAGE

Against a backdrop of industry consolidation, contraction and competition, Food & Beverage reported modest sales growth. Specific accomplishments:

  • Emphasized greater market specialization, aggressive sales efforts and new product introductions to offset general economic challenges.

  • Posted double-digit sales growth in its brewery, engineering and filtration businesses.

  • Launched Quadexx, an Internet-based formulation and allocation system for plants.

  • Introduced Inspexx an antimicrobial food surface sanitation program for meat and poultry carcasses.

  • Entered the U.S. biosecurity market with its Livestock Disease Interventions (LDI) program.

  • Received the first-ever Supplier Excellence Award from the International Dairy Foods Association.

Outlook
Food & Beverage expects continued share gains across its markets in 2002 despite ongoing economic challenges within some markets. Inspexx will enhance its strong presence in the meat and poultry markets, while LDI will help drive agribusiness growth.

 
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