Sector News

Arca Continental acquires Deep River Snacks

November 30, 2017
Food & Drink

Arca Continental, parent company of Wise Snacks, has acquired Deep River Snacks. Financial terms of the transaction were not disclosed.

With annual sales of approximately $45 million, Deep River, Conn.-based Deep River Snacks manufactures premium better-for-you snacks, including kettle cooked potato chips, baked crisps, popcorn and Honchos organic seasoned tortilla chips. The company’s product portfolio is made with non-G.M.O. ingredients, certified gluten-free, vegetarian, kosher, nut-free and cooked exclusively in sunflower oil.

Additionally, Deep River Snacks’ product packaging features charities that have impacted employees of the company, which helps “shine light on the organizations on which we had come to rely,” the web site says. Deep River donates 10% of its profits to these and other charities.

“When I started Deep River Snacks 15 years ago, I wanted to prove that a business could be both successful and philanthropic,” said Jim Goldberg, founder and chief executive officer of Deep River Snacks, in a statement to the company’s customers. “Through our mantra, ‘Because We Give a Chip’, we’ve created the best tasting snacks using real, non-G.M.O. ingredients. But Deep River Snacks has become so much more than a bag of chips. The brand has become a platform to raise awareness for the organizations that have touched the lives of my family, friends and co-workers. We’ll never stop giving a chip and now, with Arca’s backing, we’ll be able to have an even bigger impact in communities across America.”

Arca Continental, which is also the second largest Coca-Cola bottler in Latin America, will add Deep River Snacks to its portfolio of U.S. snack brands, including Wise Snacks, Si Senor and La Abeja. Arca is also the parent company of Bokados snacks in Mexico and Inalecsa snacks in Ecuador.

“This acquisition broadens the process of diversification and complementarity of the snacks portfolio for the U.S. consumer with innovative products and in differentiated segments, allowing us to better serve our customers and enhance the development of our brands,” said Francisco Garza Egloff, c.e.o. of Arca Continental.

By Rebekah Schouten

Source: Food Business News

comments closed

Related News

January 23, 2022

IFF appoints Frank Clyburn as CEO

Food & Drink

International Flavors & Fragrances (IFF) has announced the appointment of Frank Clyburn as CEO and member of the board of directors, effective 14 February 2022. Clyburn, who will step down from his position as executive VP and president of human health at Merck & Co, succeeds current IFF CEO Andreas Fibig

January 23, 2022

Jack Link’s expands Peperami range with new chorizo five-packs

Food & Drink

Jack Link’s-owned meat snacking brand Peperami has launched new chorizo five-packs to add to its extensive snack portfolio. The new chorizo sticks are made with 100% pork, packed with protein, contain 99 calories and are unpasteurised to maintain a fuller flavour — providing a shelf life of over six months.

January 23, 2022

More beer in the glass with physics

Food & Drink

While foam is certainly desirable in the bathtub or on beer, preventing foam – for example in industrial processes – is a much-discussed topic. A team of researchers at the Max Planck Institute for Polymer Research has now shown that so-called “superamphiphobic surfaces” can be used to prevent foaming.

Send this to a friend