The company plans to sell its bakery supplies business this year.

Fate of businesses to be determined at March 15 auction.

Relocation to send business to Kellogg headquarters

Benefits may come in simpler ingredient lists and improved yield

Rick McGrath of Lockton Companies named president.

The company faces challenges on a variety of fronts, including transformation of the Emerald brand, an emphasis on net price realization, and a reduced amount of available walnuts.

Sale hearing now set for March 19.

Sales decline 16% in the quarter.

Silver Point Capital and Hurst Capital mentioned as potential players in New York Post article.

Company's performance benefits from somewhat stronger consumer spending trends in North America compared to Europe.