Latest

The latest news from NWFPA members and events concerning the food processing industry in the Northwest.

NWFPA President Resigns

FOR IMMEDIATE RELEASE

 

NORTHWEST FOOD PROCESSORS ASSOCIATION ANNOUNCES RESIGNATION OF DAVID ZEPPONI

Names David McGiverin as Interim President

 

[Portland, Ore., August 26, 2014]Northwest Food Processors Association (NWFPA), the trade group which represents the interests of processors in Idaho, Oregon and Washington, announced that David Zepponi has resigned as its President.

Throughout his tenure as President of the NWFPA, Zepponi has served as a peerless advocate, innovator and resource for the food processing industry of Oregon, Washington and Idaho. We thank him for his service and wish him the very best as he moves forward to new opportunities.  

David McGiverin has been named as Interim President of NWFPA. McGiverin has served as Issue Manager of NWFPA for the past seven years, representing members on policies regarding sustainability, environmental and workforce productivity.

 “The board of the directors congratulates David McGiverin, as NWFPA’s advocacy remains on track to foster a favorable business environment for food manufacturers in the Northwest,” said Jim Robbins, NWFPA Chair.

 

# # #

The Northwest Food Processors Association (NWFPA) represents the interests of food processors in Idaho, Oregon and Washington. Members include fruit and vegetable, seafood, dairy, specialty and fresh-cut food manufacturers. Membership runs the gamut of the foremost brand names in the United States, key producers of private label and institutional products, and locally run family businesses. Headquartered in Portland, Oregon, the association represents nearly 500 member companies including 120 food processors with 200 production facilities throughout the Northwest region.

New CEO at Oregon Fruit Products

New CEO at Oregon Fruit Products

The Oregon Fruit Products team appointed Chris Sarles as the new CEO.
July 9, 2014

Salem, Ore./Press Release -- The Oregon Fruit Products team appointed Chris Sarles as the new CEO. Sarles brings extensive experience in business management and team leadership.

Sarles was raised in Portland, Ore., and graduated from Oregon State University in 1987 with an International Business degree focused on marketing and economics. He has worked in the beverage distribution industry in varying roles including ownership of Alehouse Distributing and later leadership in both Washington and Oregon for Columbia Distributing, as well as Young’s Market Company.

His ability to impact business lies in the areas of innovative team leadership and sales development. While with Columbia Distributing, he helped to integrate multiple acquisitions into the company, building a stronger organization. He looks forward to working with the Oregon Fruit Products team to continue to develop and execute a clear strategic plan that will meet the growing demand for specialty fruits in the retail, foodservice and industrial segments of the industry. He will help Oregon Fruit Products successfully launch value added specialty fruit products, as well as expand Oregon Specialty Fruit in the domestic and export grocery segment.

NORPAC FOODS, INC. AND HENNINGSEN COLD STORAGE COMPANY CELEBRATE THE COMPLETION OF THEIR NEW COLD STORAGE FACILITY

NORPAC-logo

FOR IMMEDIATE RELEASE

NORPAC FOODS, INC. AND HENNINGSEN COLD STORAGE COMPANY CELEBRATE THE COMPLETION OF THEIR NEW COLD STORAGE FACILITY

SALEM, Ore. – June 30, 2014 – NORPAC Foods, Inc., a leading producer of fruit and vegetable products, and Henningsen Cold Storage Co., yesterday celebrated their new 225,000-square-foot frozen food storage and distribution facility with an open house for its farmer-owners, employees, partners and civic officials.

The new facility is owned and operated by Hillsboro, Ore.-based Henningsen Cold Storage, one of the largest, family owned, frozen and refrigerated warehousing companies in the United States, and was constructed on NORPAC-owned land adjacent to NORPAC’s packaging facility. The facility was designed to support the company’s continued growth and will immediately become NORPAC’s primary distribution point for the company’s frozen finished goods. The new facility will provide considerable energy and cost savings through more efficient transportation and storage practices.

“The project has been a true partnership from the ground up,” said George Smith, CEO, NORPAC. “We’re proud to work with civic leaders and Henningsen, another steadfast Oregon-based company, to make this project a reality. This investment is symbolic of our pride in local agriculture and our long term commitment to Salem.”

In addition to the construction of the cold storage facility, NORPAC consolidated 120 employees from two satellite offices to a new corporate headquarters building in Salem, located next to the new cold storage and existing packaging facilities. NORPAC’s Stayton processing facility will continue to operate at full capacity.

“We take great pride in helping local farmers and a fellow Oregon business thrive,” said Mike Henningsen, Chairman and President, Henningsen Cold Storage Co. “It’s exciting to know that, in partnership with NORPAC, we’ll preserve the fresh flavors from the fields for people to enjoy year-round.”

About Henningsen Cold Storage
Henningsen Cold Storage Co. is one of the largest public refrigerated warehousing companies in the U.S., with 10 facilities in six states providing more than 53 million cubic feet of temperature controlled storage. Henningsen is a fourth generation family owned corporation with roots dating to 1923. Visit www.henningsen.com.

About NORPAC Foods, Inc.
NORPAC is a cooperative owned by 240 family farmers in the Willamette Valley of Oregon, which provides frozen and canned vegetables and fruit, along with soups and other value added products, to the foodservice, retail, club store, remanufacture and export market segments. Originally established as Stayton Canning Company in 1924, NORPAC has grown to now operate processing and packaging facilities in Stayton, Salem, Brooks and Hermiston, Oregon, along with Quincy, Washington. Visit www.NORPAC.com.

# # #

H A R V E S T
AMY BROWN | ACCOUNT DIRECTOR
MINNEAPOLIS | PORTLAND, OR
t (971)259-4750 | c (503)341-3795
WWW.HARVEST-PR.COM

Sprague Named Top 100 Company

SpragueW Tag

Media Release
Sprague Pest Solutions Named A Top 100 Company


Tacoma, Wash. – A growing structural pest control industry has helped Tacoma-based Sprague Pest Solutions (www.spraguepest.com) move up to 29th on the 2014 Pest Control Technology magazine Top 100 List, an annual compilation of the leading pest management companies in the United States. The list was included in the magazine’s May issue (www.pctonline.com).


Read more...

Cascade Bancorp Completes Acquisition of Home Federal Bancorp, Inc.

NEWS RELEASE
May 19, 2014

Cascade Bancorp Completes Acquisition of Home Federal Bancorp, Inc.


Contact: Terry L. Zink, CEO 541-617-3527
              Gregory D. Newton, EVP, CFO 541-617-3526


Bend, Ore. – May 19, 2014/PRNewswire/ - Cascade Bancorp (NASDAQ: CACB) (“Cascade”), the holding company
for Bank of the Cascades (“Bank”), today announced that on May 16, 2014 it completed its previously announced
acquisition of Home Federal Bancorp, Inc. (NASDAQ: HOME) (“Home”). The combined company is expected to
have assets in excess of $2.3 billion and deposits of $2.0 billion with forty branches serving the Oregon and Boise,
Idaho markets.


Terry Zink, President and Chief Executive Officer of Cascade, commented, “I am very excited to welcome the
customers and employees of Home Federal to Cascade. This acquisition expands our operational footprint in the
Pacific Northwest while also providing revenue and cost synergies to the Bank. We look forward to delivering an
expanded line of products and services to meet the financial needs of our local business and personal banking
customers as we strive to be the premier community bank in the Pacific Northwest.”


Under the terms of the merger agreement, former shareholders of Home Federal Bancorp will receive a fixed
exchange ratio of 1.6772 shares of Cascade common stock and $8.43 in cash for each share of Home Federal
Bancorp common stock, without interest and less withholding for taxes (and cash in lieu of fractional shares).
Cascade was advised in this transaction by Macquarie Capital, as financial advisor, and Hunton & Williams LLP, as
legal counsel. Home was advised by Keefe, Bruyette & Woods, as financial advisor, and Vorys, Sater, Seymour and
Pease LLP, as legal counsel.


About Cascade Bancorp and Bank of the Cascades
Cascade Bancorp (NASDAQ: CACB), headquartered in Bend, Oregon, and its wholly owned subsidiary, Bank of the
Cascades, operate in Oregon and Idaho markets. Founded in 1977, Bank of the Cascades offers full-service
community banking through 28 branches in Central, Southern and Northwest Oregon, as well as in the greater
Boise/Treasure Valley, Idaho area. The Bank has a business strategy that focuses on delivering the best in
community banking for the financial well-being of customers and shareholders. It executes its strategy through the
consistent delivery of full relationship banking focused on attracting and retaining value-driven customers. For
further information, please visit our website at www.botc.com.

FORWARD LOOKING STATEMENTS

This release contains forward-looking statements about Cascade Bancorp’s plans and anticipated results of
operations and financial condition. These statements include, but are not limited to, our plans, objectives,
expectations, and intentions and are not statements of historical fact. When used in this report, the word
"expects," "believes," "anticipates,” “could,” “may,” “will,” “should,” “plan,” “predicts,” “projections,” “continue”
and other similar expressions constitute forward-looking statements, as do any other statements that expressly or
implicitly predict future events, results or performance, and such statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Certain risks and uncertainties and Cascade
Bancorp’s success in managing such risks and uncertainties could cause actual results to differ materially from
those projected, including among others, the following factors: local and national economic conditions could be
less favorable than expected or could have a more direct and pronounced effect on us than expected and adversely affect our results of operations and financial condition; the local housing/real estate market could continue to
decline for a longer period than we anticipate; the risks presented by a continued economic recession, which could
continue to adversely affect credit quality, collateral values, including real estate collateral and OREO properties,
investment values, liquidity and loan originations, reserves for loan losses and charge offs of loans and loan
portfolio delinquency rates and may be exacerbated by our concentration of operations in the States of Oregon and
Idaho generally, and Central, Southern and Northwest Oregon, as well as the greater Boise/Treasure Valley, Idaho
area, specifically; interest rate changes could significantly reduce net interest income and negatively affect funding
sources; competition among financial institutions could increase significantly; competition or changes in interest
rates could negatively affect net interest margin, as could other factors listed from time to time in Cascade
Bancorp’s Securities and Exchange Commission (“SEC”) reports; the reputation of the financial services industry
could further deteriorate, which could adversely affect our ability to access markets for funding and to acquire and
retain customers; and existing regulatory requirements, changes in regulatory requirements and legislation
(including without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act) and our inability to
meet those requirements, including capital requirements and increases in our deposit insurance premium, could
adversely affect the businesses in which we are engaged, our results of operations and financial condition. Such
forward-looking statements also include, but are not limited to, statements about the benefits of the business
combination transaction involving Cascade Bancorp and Home Federal Bancorp, Inc., including future financial and
operating results, the combined company’s plans, objectives, expectations and intentions and other statements
that are not historical facts. These forward-looking statements are subject to numerous assumptions, risks and
uncertainties which change over time. Forward-looking statements speak only as of the date they are made and
we assume no duty to update forward-looking statements. Important factors that could cause actual results to
differ materially from those indicated by such forward-looking statements include risks and uncertainties relating
to: (i) the risk that the businesses will not be integrated successfully; (ii) the risk that the cost savings and any
other synergies from the transaction may not be fully realized or may take longer to realize than expected; (iii)
disruption from the transaction making it more difficult to maintain relationships with customers, employees or
vendors; (iv) the diversion of management time on post-merger and integration-related issues; (v) general
worldwide economic conditions and related uncertainties; (vi) liquidity risk affecting Cascade’s ability to meet its
obligations when they come due; (vii) excessive loan losses; (viii) the effect of changes in governmental regulations;
and (ix) other factors we discuss or refer to in the “Risk Factors” section of Cascade’s most recent Annual Report on
Form 10-K filed with the SEC on March 31, 2014. These risks as well as other additional risks and uncertainties are
identified and discussed in Cascade’s reports filed with the SEC and available at the SEC’s website at www.sec.gov.
These forward-looking statements speak only as of the date of this release. Cascade Bancorp undertakes no
obligation to publish revised forward-looking statements to reflect the occurrence of unanticipated events or
circumstances after the date hereof. Readers should carefully review all disclosures filed by Cascade Bancorp from
time to time with the SEC.

Page 2 of 34

FEEDBACK
1000 characters left