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northernms

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Posted Reply with quote  #1 
Does anyone know who packs this “imported” product??
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Stupid is as stupid does

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Posted Reply with quote  #2 
It use to be AIPC They use to co-pak for Le Bella pasta as well. Why do you want to know??
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northernms

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Posted Reply with quote  #3 
Trying to match their product with another very inexpensive imported pasta and wondering if it’s the exact same product
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formerdsr

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Posted Reply with quote  #4 
See if you can get a box with the production code stamp. Your buyers should be able to identify it.

FYI, Dakota Growers packed US Foods' Roseli pasta. Made in the North Dakota in the Italian style on Italian machinery. Their pasta cut well against Arrezio.
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dawg1981

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Posted Reply with quote  #5 
Who does the other pasta's under Arrezzio?
    I do believe AIPC did do the dry pasta's
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northernms

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Posted Reply with quote  #6 
Does AIPC stand for Atlantic International Packing Company?
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dawg1981

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Posted Reply with quote  #7 
American Italian Pasta Company 
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Investigator

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Posted Reply with quote  #8 
AIPC has a nice history of fraud.

Throughout the Class Period, AIPC; -

Materially underreported market promotion allowances paid to distributors and others to promote the sale of AIPC' s products through advertisements, circulars , and supermarket shelf placement;

- Improperly capitalized personnel and other costs that should have been expensed;

- Improperly capitalized or deferred costs associated with the "start up" of certain manufacturing facilities that should have been expensed;

- Failed to timely write off obsolete and excess inventory, and instead repackaged products whose expiration dates had passed, or simply dumped the goods in warehouses in order to defer their timely write off;

- Failed to timely write off the portions of the price that AIPC paid for several brand name products (including Golden Grain and R&F) when sales of those products significantly declined; Improperly accelerated revenues at the end of quarters to make up shortfalls by, among other things, scanning in receipts for customers even though they had not ordered the goods; treating products that were moved to loading platforms, but were not placed in delivery trucks, as "shipped" ; and dumping goods on certain large customers like Sysco and General Mills well in excess of the amount ordered by such customers;

Misrepresented its status as a "low cost" producer when in fact, this appearance was due entirely to the foregoing manipulations of inventory and other costs; Misrepresented the adequacy of AIPC's internal controls;

In the aggregate, materially overstated revenues and earnings, and materially understated expenses, throughout the Class Period by at least 66%
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