Posted on 08/14/2007 7:11:57 PM PDT by JACKRUSSELL
(TORONTO) - The fallout from a tainted pet food scandal hit Menu Foods Income Fund (MEW_u.TO: Quote) again on Tuesday, when its biggest customer said it would stop buying some of its products in the fourth quarter.
The unnamed customer, whose total purchases made up nearly 10.8 percent of Menu Food's sales volume in 2006, said it would stop buying 'loaf' products from the company beginning October 1, Menu Foods said in a statement.
Earlier this year, the same customer said it would stop purchases of other Menu Foods products.
"Menu Foods is disappointed in the reaction of this customer to the pet food recall. The intentional tainting of product inputs from a third party supplier in China was a fraudulent act that victimized many pet food manufacturers, customers and consumers," Paul Henderson, Menu's president and chief executive, said in the statement.
Menu Foods was one of almost a dozen North American pet food manufacturers that had used vegetable proteins contaminated in China with melamine or related compounds.
In March, the company recalled millions of cans of tainted pet food manufactured at two U.S. plants after reports of some animal deaths.
In afternoon trading, Menu Foods' units were down 30 Canadian cents, or 10 percent, at C$2.70 on the Toronto Stock Exchange, while the benchmark S&P/TSX composite index <.GSPTSE> was down 1 percent.
($1=$1.06 Canadian)
Dying from laughing. I nominate you to be the Chinese Food Pinglist Keeper.
Do I hear a second? May I be first on said list?
Jack gets the title by default.
Hmm, wonder if it’s Nutro products. I hope so. Had 3 on their recalled foods and am still paying the credit card for one that got sick with liver/kidney problems.
The first pet on video is mine. They were the canaries of our food chain.
WAKE UP AMERICA!!!!
BOYCOTT CHINA!!!!
http://www.youtube.com/watch?v=GrCvfj4g9MU
It’s a popular uprising.
I believe the largest customer was my college cafeteria.
The first pet on video is mine. They were the canaries of our food chain.
WAKE UP AMERICA!!!!
BOYCOTT CHINA!!!!
http://www.youtube.com/watch?v=GrCvfj4g9MU
Mattel needs to be next.
I’m very sorry. In light of such a human toll, no, there’s not much humor to be found.
You can still dispute the charges, if you have a bank-issued Visa or MasterCard. They all have fraud and product-liability departments who are glad to help.
If nothing else, any revolving interest will be suspended, and you’ll have to sign an affidavit.
I always appreciate your posts.
Thanks.
What's a "loaf" product????
That video made me cry. I’m so sorry for your loss.
Thank you for your kind words.
I just hope a video doesn’t have to made to show our kids or grandskids like that.
BOYCOTT CHINA.
Ground up congealed stuff as opposed to cuts or chunks and gravy.
Thanks JR...appreciate your diligence on this “freakin fiasco”. I am still angry and we deserve the name of this biggest “killing kustomer”. I immediately stopped feeding Nutro when this all began even though their name rarely came up. I do not and will not trust that brand name, I may be wrong but I was loyal to them for years and when I saw their little switcheroo on various websites! Evil, evil and more evil.
Thanks again JR, from me and my four legged friends!
Probably Proctor & Gamble—Iams & Eukanuba.
Link to an old article citing P & G as Menu Foods biggest customer:
http://www.usatoday.com/money/industries/2007-04-19-pandg-usat_N.htm
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