Consumables

OAKLAND, Calif. — Clorox has turned down an acquisition proposal from Icahn Enterprises valued at $76.50 per share, the company's board of directors announced Monday.

Clorox's board, in consultation with its financial and legal advisers, concluded that the offer "substantially undervalues the company and is neither credible nor adequate," Clorox chairman and CEO Don Knauss wrote to Icahn Enterprises chairman Carl Icahn, adding that Clorox is committed to continued stockholder value creation. The company received the offer July 14.

PETALUMA, Calif. — Barbara's has expanded its all-natural products line with new peanut butter and chocolate items.

ATLANTA — The president of Coca-Cola subsidiary Odwalla will step into a new role next month, according to published reports.

Alison Lewis will become Coca-Cola's SVP marketing, replacing Beatriz Perez, who was promoted to chief sustainability officer at the company in May.

In her new role, Lewis will oversee integrated marketing communications, multicultural marketing and consumer and shopper insights, according to reports.

HACKETTSTOWN, N.J. — Mars Chocolate North America announced that its Snickers brand is continuing its partnership with Feeding America to help "Bar Hunger." Comedian Jim Gaffigan was selected to champion the cause.

Through the campaign, Snickers will help provide the equivalent of up to 3.5 million meals to Feeding America and will educated consumers to help.

ST. LOUIS — Ralcorp Holdings announced that its board of directors has unanimously agreed in principle to separate Ralcorp and Post Foods in a tax-free spinoff to Ralcorp shareholders.

The company said it expects to complete the separation in approximately four to six months, following the receipt of an Internal Revenue Service tax ruling and/or satisfactory legal opinion as to the tax-free nature of the transaction, final approval by the Ralcorp board of directors and other customary conditions. The transaction does not require approval from Ralcorp shareholders. 

LOS ANGELES — Blast Powder Nutrition Co. on Thursday announced its entry into the energy shot/drink market with its Blast Powder, a packet that can be added to a beverage and contains 300 mg of caffeine. 

CAMP HILL, Pa. — Rite Aid is launching new flavors of its private-label Thrifty Ice Cream in California stores, the retail pharmacy chain said Wednesday.

The launch comes ahead of National Ice Cream Day on Sunday, which President Ronald Reagan launched in 1984.

YAKIMA, Wash. — Seneca Farms announced that its entire line of healthier snack chips, including apple chips, sweet potato chips and crisp onions, are now gluten-free.

According to the company, these snacks are manufactured at Seneca Farms' Yakima, Wash., plant, which recently implemented a strict gluten-free processing environment.