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May 06, 2015 12:30 AM ET

Food Products

Company Overview of J.R. Simplot Company, Inc.

Company Overview

J.R. Simplot Company, Inc. engages in seed production, farming, fertilizer manufacturing, frozen-food processing, and food production and distribution businesses in the United States, Canada, Mexico, Australia, New Zealand, and China. It offers crop protection, crop nutrition, seed, and specialty products and services for farmers in the United States; manufactures and retails frozen, canned, and fresh food products, such as flame-roasted fruits and vegetables, grains, sweet potato fries, avocados, and more through stores in the United States; and manufacture and distributes dry and liquid fertilizers, and crop nutrition products in the western United States. The company also distributes a li...

999 Main Street

Suite 1300

Boise, ID 83702

United States

Founded in 1923

Phone:

208-336-2110

Fax:

208-389-7515

Key Executives for J.R. Simplot Company, Inc.

Chief Executive Officer, Director and Member of Executive Committee
Age: 60
President of Agribusiness Group
Vice President and Treasurer
Director and Member of Executive Committee
Director and Member of Executive Committee
Compensation as of Fiscal Year 2014.

J.R. Simplot Company, Inc. Key Developments

The J.R. Simplot Company Completed Food and Feed Safety Consultation with the Food and Drug Administration for its First Generation of Innate Potato Varieties

The J.R. Simplot Company completed the food and feed safety consultation with the Food and Drug Administration (FDA) for its first generation of Innate potato varieties. The FDA concluded the Innate potato is as safe and nutritious as conventional potatoes. Innate Russet Burbank potato (left) next to a conventional Russet Burbank potato (right) 30 minutes after peeling. Innate potatoes have fewer black spots from bruising, stay whiter longer when cut or peeled, and have lower levels of naturally-occurring asparagine, resulting in less acrylamide when cooked at high temperatures. Innate potatoes are also less prone to pressure bruising during storage, resulting in less potato waste and potentially millions of dollars in savings to growers every year. Because the Innate potato provides significant benefits consumers want, including less bruising, less waste and more convenience, Simplot will recommend to growers and retail partners that they accurately promote and market these exclusive features on relevant packaging. The FDA statement comes after the recent U. S. Department of Agriculture deregulation of Innate potatoes. The FDA’s safety consultation on Innate potatoes was voluntarily requested by Simplot as a further evaluation of the Innate technology which has been in development for more than a decade. These federal clearances involved years of technical review and a thorough public comment period that drew the support of 14 leading potato research universities in the U.S. and Europe. Simplot used the techniques of modern biotechnology to accelerate the traditional breeding process and introduce new traits by triggering the potato’s own RNA interference (RNAi) pathway. RNAi is a natural cellular process commonly used by plants and animals to modulate expression of certain genes, and has been used effectively in multiple commercial crops sold over the last decade. The three Innate varieties are expected to be available in limited quantities beginning in 2015 in the fresh and fresh-cut markets where the sustainability, higher quality and health benefits have significant value to growers and consumers. A second generation of Innate potatoes, currently under review by the USDA and the U.S. Environmental Protection Agency, will offer two additional improvements to the potato, including increased resistance to late blight disease and better storability. These advantages will create significant sustainability advances, such as reduced reliance on fungicides and fewer rejected potatoes.

Caviness Beef Packers, LTD. Forms Joint Venture with J.R. Simplot Company, to Build a New Idaho Beef Processing Plant

Caviness Beef Packers, LTD., has formed a joint venture with J.R. Simplot Company, to build a new Idaho beef processing plant near Kuna, Idaho, US. The new JV will operate under the name, CS Beef Packers, LLC. The JV is expected to invest $100 million to complete construction of the plant. The plant is expected to process a maximum of 1,700 head per day. The primary purpose of the plant will be to harvest cull cows and bulls from Northwest dairy farms and cattle ranches throughout the Intermountain West. The plant will also include hide and rendering processing and have the ability to process niche-fed beef programs.

Linde Engineering North America Builds Ammonia Plant for J.R. Simplot Company

Linde Engineering North America (LENA) announced that it is building an ammonia plant for J.R. Simplot Company adjacent to Simplot's existing phosphate fertilizer complex in Rock Springs, WY. The 600 tons per day plant will supply both the Rock Springs and Pocatello, ID phosphate fertilizer production locations while providing the capacity to meet Simplot's next phase of anticipated phosphate expansion plans at Rock Springs. The new plant will take approximately two years to complete.

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