CP Foods-owned frozen food maker Bellisio Foods has bought pizza producer Frozen Specialties from Swander Pace Capital.
Based in Perrysburg, Ohio, Frozen Specialties has its products on sale in the US, Canada, Puerto Rico and the Caribbean.
The acquired business will operate under Bellisio Foods’ Overhill Farms division. The acquisition closed last week.
Bellisio Foods president and CEO Ken Stickevers said: “This acquisition of FSI (Frozen Specialties) brings together our vibrant, growing companies who share an expertise in delivering delicious, exciting brands and private label products to retail customers that delight consumers.
Terry O’Brien, president of Overhill Farms, added: “We’re excited by the innovation and national plant network we can now bring to our private label, co-manufacturing and foodservice customers. The complementary product portfolios and product expertise across our company will benefit our North American and Asian customers.”
Thai meat importer CP Foods bought Bellisio Foods for $1.08 billion in 2016. Together with Overhill Farms, the business makes more than 400 products, including single- and multi-serve entrees, snacks, side dishes, and a range of foodservice foods.
When the deal took place, CP Foods described Bellisio as “one of America’s largest and fastest-growing frozen food companies”.
Overhill Farms, which was bought by Bellisio in 2013 has a 33-year history and operations in California and Ohio.
Consumer behaviors and preferences are evolving rapidly. With macro shifts in society, inflation and food supply challenges set to profoundly influence how people consume food and beverages, Givaudan is exploring what the world of dairy alternatives will look like in the coming decade.
After nearly three decades with AFI, Andersen is leaving to pursue a different career path “to work on diverse projects and explore opportunities to serve as board member”. Serving as CEO since 2010, Andersen joined AFI in 1994, initially overseeing applications and R&D. Over the years, he has maintained a strong focus on the whey business.
The Kraft Heinz Company has introduced five new members to its executive leadership team, who will collaborate with Carlos Abrams-Rivera upon assuming the CEO role in 2024. Pedro Navio will assume the position of North America president at the beginning of next year. In addition, Willem Brandt, Bruno Keller, Cory Onell and Diana Frost will join Abrams-Rivera and Navio on the executive leadership team.