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4-Traders Homepage  >  Equities  >  Nyse  >  Newell Brands Inc    NWL

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Newell Brands : Rubbermaid Commercial Products' Color-Coded Foodservice System Earns Prestigious American Culinary Federation Seal of Approval

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12/02/2016 | 06:01am CET

ST. AUGUSTINE, Fla., Dec. 2 -- The American Culinary Federation issued the following news release:

The American Culinary Federation, Inc. (ACF), the nation's premier organization for professional chefs and cooks, has awarded Rubbermaid(TM) Commercial Products' (RCP) Color-Coded Foodservice System its Seal of Approval. The line of products was submitted for extensive testing and was approved by the ACF Seal of Approval Task Force.

Rubbermaid(TM) Commercial Products' (RCP) Color-Coded Foodservice System is designed to help commercial kitchens reduce foodborne illness and cross-contamination. The color-coded line covers everything from prep tools to storage, including cutting boards, a cutting board rack, tongs, high-heat spatulas, square containers with lids and round containers with lids. Seven color options are designed to facilitate the safe handling of raw meat, poultry, dairy, seafood, cooked meat, produce and potential allergens by foodservice professionals.

Commercial kitchens can choose from eight different starter kit solutions, which provide everything required to start a color-coding system. Options include 1-color, 3-color, 5-color and 7-color starter kits. To help train staff, each color-coded starter kit also includes an implementation guide and a poster.

"Contaminated food causes nearly 48 million illnesses a year in the U.S.1 and food safety continues to be a top concern for commercial kitchens and the food industry overall," said Kristine Sickels, RCP's senior vice president of marketing. "With our new line of products, we can help foodservice professionals maintain safer conditions at every stage of the preparation process, crucial for delivering quality service to patrons." The Color-Coded Foodservice System provides an easy solution to help facilitate the safe handling of food and is built to withstand the commercial kitchen environment. All products are commercial dishwasher safe. The high-heat spatulas are built to resist temperatures up to 500adegree F and the tongs feature rubber grips to enable better control and handling.

In November, the Color-Coded Foodservice System received the ACF Seal of Approval by the American Culinary Federation (ACF), the largest professional chefs' organization in North America. The products were tested using multiple criteria and the accreditation is largely considered to be a benchmark of culinary excellence. The seal of approval demonstrates RCP's commitment to quality products within the foodservice industry.

The ACF Seal of Approval Task Force applied the organization's rigorous testing criteria to the Color-Coded Foodservice System which was tested by using many cooking, prepping and storage methods, including boiling, frying, sauteing, baking, storing and refrigerating. The task force evaluated the products' physical performance, consistency, adaptability, and accuracy of labels and marketing claims.

The ACF Seal of Approval program offers foodservice manufacturers the opportunity to have products endorsed by the premier organization of professional chefs in the U.S. Unlike other entities, the ACF Seal of Approval requires extensive product testing and evaluation.

[Category: Food/Beverage]

MSTRUCK-5713595 MSTRUCK

(c) 2016 Targeted News Service, source News Service

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Financials ($)
Sales 2016 13 423 M
EBIT 2016 2 068 M
Net income 2016 742 M
Debt 2016 11 480 M
Yield 2016 1,66%
P/E ratio 2016 27,95
P/E ratio 2017 17,07
EV / Sales 2016 2,50x
EV / Sales 2017 2,09x
Capitalization 22 022 M
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Average target price 58,9 $
Spread / Average Target 29%
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Michael B. Polk Chief Executive Officer & Director
Mark S. Tarchetti President
Michael T. Cowhig Chairman
Ralph J. Nicoletti Chief Financial Officer & Executive Vice President
Scott S. Cowen Independent Director
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