Bonduelle on Thursday said it struck a deal to buy Ready Pac Foods, a privately held California producer of fresh, prepared salads and other produce, in a move expected to significantly expand the French company’s U.S. presence.
The purchase, which is subject to routine regulatory reviews and approvals, is slated to close by the end of March. Bonduelle said in a statement it will acquire all of Ready Pac Foods’ common stock and run the business as a wholly-owned subsidiary. Terms were not disclosed.
The move comes as U.S. consumers are eating more fresh food and as grocery stores are making space in the produce aisle for products such as the bagged lettuce blends, salad kits and Bistro Bowls sold by Irwindale, California-based Ready Pac.
Bonduelle, established in 1853, owns four brands of canned, frozen and fresh vegetables and has operations in Canada and across Europe. The Ready Pac deal would make the United States the largest market for the company, which is headquartered in Villeneuve-d’Ascq, France.
By Lisa Baertlein
Source: Reuters
The facility is designed to foster innovation and deepen collaboration with customers, by offering a range of new services and solidifying its role as a central hub for customer support. Tereos’ team, supported by a network of 50 scientists, will ensure customers can innovate and meet the rising consumer demand for healthier and more sustainable products.
Glanbia has agreed to acquire Flavor Producers from Aroma Holding for an initial consideration of $300 million. Flavor Producers is a US-based flavour platform, providing flavours and extracts to the F&B industries, with a focus on organic and natural ingredients.
Lesnard, who previously worked at Nike, The North Face and Sephora, has a mission to “grow and sustain GODIVA’s position and expertise in the premium chocolate category, leveraging ongoing support from pladis to take GODIVA and its legendary chocolate to new heights.”
