Posted by Jeffrey Klineman at 2:54 PM on January 08, 2013  The nutritional and performance shake company, which was 69 percent Hershey-owned, “has decided to immediately cease operations and dissolve,” noted a brief press release sent to BevNET. The reasons? A competitive category requiring further investment to make the company work.
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Posted by Ray Latif at 12:11 PM on January 08, 2013  Sherborn, MA-based investment bank Silverwood Partners has brought on Lynette McKee and Neal Yanofsky as Industry Advisors within its Consumer division. McKee and Yanofsky join Silverwood having both held executive roles in the restaurant, foodservice, and beverage industries, with positions at Dunkin’ Brands, Burger King, and Panera Bread.
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