Word: choy
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...Nestlé-Carnation deal continues a streak of mergers in the competitive food industry. Last month Chicago's Beatrice (Tropicana, La Choy) bought Esmark (Swift, Peter Pan) for $2.8 billion. Two weeks ago, Ralston Purina agreed to acquire ITT's Continental Baking division for $475 million. One reason for the takeovers is that business has turned sluggish as a result of the slowdown in U.S. population growth. Thus the easiest way for food companies to grow is to take over other firms. And as the Carnation purchase indicated, cows that are too contented may find themselves...
...takeover fever that has infected American business continued to burn unabated last week. Beatrice Foods, which owns such brands as Tropicana orange juice, La Choy Oriental food and Swiss Miss chocolate mix, offered $2.8 billion for Esmark, which owns Playtex, Max Factor and Avis. The bid, which Esmark approved, topped by $400 million the offer made only three weeks earlier by the New York investment banking firm of Kohlberg Kravis Roberts, and was $300 million more than Beatrice's earlier...
...good news for M. & M. The 1979 garden catalogues piling into mailboxes this spring offer a number of vegetables that look like spinach, taste better than spinach, but are not Spinacia oleracea. Some of them have been imported from the Orient, notably shungiku (Chrysanthemum coronarium) and tampala hinn choy (Amaranthus tricolor...
...fruits progress from yellow to orange to red and are edible at all stages; it comes, naturally, from Holland. There is also an improved version of the so-called yard-long bean, a.k.a. Orient Express or asparagus bean because of its asparaginous flavor. From China come bitter melon, gow choy, a garlicky chive, bok choy cabbage, and an aromatic celery, heung kuhn -all valuable for good wokmanship. A Japanese melon called Honey Drip is described by its originators as "intolerably delicious." Vegetable growers, generally a conservative lot, have been slow to pick up on an unusual variety called vegetable spaghetti...
...over the past dozen years. Says Co-Owner Murray Klein: "We have never seen such an explosion of food buying." Supermarkets from coast to coast now stock such onetime exotica as game pates, Beluga caviar, imported mustards, goat and sheep cheese, leeks, shallots, scallions, bean curd, pea pods, bok choy, capers, curries, coriander and cornichons...