Manufacturing News

Web Watch: INC2inc and Dairy.com merge

April 4, 2003
/ Print / Reprints /
ShareMore
/ Text Size+
Dairy.com, an online vertical internet exchange serving the dairy industry, and INC2inc Technologies Corporation, a business-to-business replenishment e-market for the food and beverage industry, have merged and formed a parent company named Momentx. The new company hopes to leverage the complementary strengths of Dairy.com and INC2inc to accelerate development of their e-market solutions.

The merger with Dairy.com gives INC2inc additional access to capital, customers and technology, including access to the bid-ask pricing exchange that is being built by Dairy.com. More than 45 food and beverage companies are currently transacting business over INC2inc's e-market, which was launched in March 2000.

Dairy.com was founded in July 2000 as an independent, neutral exchange by a consortium of eight leading dairy organizations, including Dairy Farmers of America; The Dannon Company; Kraft Foods; Land O' Lakes and Suiza Foods. In addition to its pricing exchange, Dairy.com has several other functional platforms under development, including dairy farmer services; information tools, supply chain management tools; and industry-focused content. Its mission is to provide comprehensive internet tools to help the dairy industry improve the way it does business.

Suiza chairman and CEO Gregg Engles will serve as chairman of Momentx and Scott Sexton, president of INC2inc, will serve as president. The merger "allows both companies to more rapidly advance important initiatives," Engles said. "There are many synergies between the two companies."

Gary Hanman, CEO with Dairy Farmers of America, added "We remain committed to developing a site that is revolutionary for the dairy industry."

Dairy.com is on schedule for a winter 2001 launch of live trading of select commodities including milk and cream and logistics estimating tools. INC2inc will continue to build out its replenishment functionality, streamlining the procurement process for ingredients and packaging while continuing to enhance its existing solution.

Did you enjoy this article? Click here to subscribe to Food Engineering Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

Plant of the Year 2014

Blue Diamond Growers was chosen as Food Engineering's 2014 Plant of the Year. The Sacramento-based company is the world’s largest producer of almonds and almond ingredients.

Podcasts

Burns & McDonnell project manager RJ Hope and senior project engineer Justin Hamilton discuss the distinctions between Food Safety and Food Defense as well as the implications for food manufacturers of the Food Safety Modernization Act.
More Podcasts

FSMA Audit

What is the is most important step you have taken to become ready for a FSMA audit?
View Results Poll Archive

Food Engineering

FE September 2014

2014 September

The September 2014 issue of Food Engineering explores how lean manufacturing, quality improvements and increased automation helps processors meet rapidly changing demands. Also, read how robotics, advanced machine controls, software and OEE are just a few of the tools that can boost productivity on packaging lines.

Table Of Contents Subscribe

THE FOOD ENGINEERING STORE

Food-Authentication-Flyer-(.gif
Food Authentication Using Bioorganic Molecules

This text provides critical tools and data needed to augment routine food analysis and enhance food safety by aiding in the detection of counterfeit, and potentially deleterious, foods.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Food Master

Food Master Cover 2014Food Master 2014 is now available!

Where the buying process begins in the food and beverage manufacturing market. 

Visit www.foodmaster.com to learn more.

STAY CONNECTED

FE recent tweets

facebook_40.pngtwitter_40px.pngyoutube_40px.png linkedin_40px.pngGoogle +