FOR IMMEDIATE RELEASE
August 18, 2010
Dawn Food Products Addresses Rising Cocoa Costs
Commodity volatility drives pricing action
Jackson, MI – Dawn Food Products, Inc., one of the world’s largest family owned bakery manufacturers and distributors, has announced it will increase prices for items containing cocoa on orders placed on and after September 1, 2010.
“Due to several global market conditions, cocoa prices have more than doubled in the last two years and are at their highest level in the last 30 years,” said Laurence Saul, Dawn Foods’ President of Global Commercial. “Unfortunately, cocoa prices are expected to remain high for the foreseeable future. Dawn, like any large purchaser of cocoa, is left without any other practical options.”
Eric Metzendorf, President, Dawn Bakery Distribution, reports that: “Advantageous contracts and internal productivity and cost-cutting measures have allowed us largely to avoid cocoa-based price adjustments thus far. The magnitude and duration of the cocoa price increases now leave us no alternative to adjusting prices on products containing cocoa." These pricing actions will help ensure that Dawn will continue leading the industry in providing its customers with invaluable industry knowledge and consumer insights, as well as great Dawn products.
For more than 90 years, Dawn’s dedicated Team Members, outstanding products, and valued customers have made the Dawn name synonymous with excellence. American-owned and family operated; Dawn currently supplies a complete line of quality, consistent mixes, bases, icings, glazes, fillings, frozen dough, par-baked and fully baked products, equipment and services to the food industry, worldwide. Dawn, its expansive Dawn Distributors Advantage® network, and its leading edge sales and technical teams, allow the company to better serve customers through the buying power of more than 40 facilities across North America. For further information, please visit www.dawnfoods.com.
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