Cargill has announced the sale of its Dressings, Sauces and Mayonnaise (DSM) business to Ventura Foods. No financial details of the deal were disclosed.
The deal includes Cargill’s DSM facility in Port St. Lucie, Florida and substantially all the DSM manufacturing equipment at the Gainesville, Georgia and Sidney, Ohio facilities. The DSM equipment and business from Gainesville and Sidney will be relocated to Ventura’s facilities in Chambersburg, Pennsylvania, and Fort Worth, Texas. Cargill will provide contract manufacturing services for 15-18 months to Ventura Foods to ensure continuity for customers and a smooth transition to Ventura Foods.
Ventura said the acquisition was “a strong fit for Ventura Foods’ strategy to grow, strengthen and diversify. It further strengthens our innovation platform and leadership in consumer taste and preference trends.”
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The traditional symbol of family reunion and cultural pastry of Asia is undergoing a reinvention. With the majority of young consumers in Asia expressing an increasing interest in healthier options, a growing market for mooncakes tailored to dietary preferences and restrictions is opening up across the globe.