Cherry Hill, N.J.-based Pinnacle Foods Corp has finalised a deal to buy out the frozen-foods unit of Torrance, California-based King’s Hawaiian Enterprises Inc for an undisclosed amount.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The frozen-bowl business, which turns over US$350m-a-year, will add to the Swanson brand frozen meals Pinnacle picked up earlier this year from Vlasic Foods International.
Family-controlled King’s Hawaiian revealed that the sale would enable the company to streamline its operations and focus on its bread products, providing the funds to build a large new bakery.
