US-based food firm Treasure Valley Business Group has bought local frozen foods group TKM2 Sales Solutions for an undisclosed sum.
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The deal marks the ninth investment by TVBG’s owner, private equity firm Creo Capital Partners, into the food sector.
Creo said the move is expected to result in “increased sales activity, enhanced customer support, and other synergies” when integration takes place.
“Creo has strong expertise in the food manufacturing, distribution and logistics space and TKM is a great addition to our portfolio,” said Creo partner Nick Sternberg.
“We look forward to introducing the TKM array of products into the distribution channels that we have developed through our other food company investments. We also continue to be focused on further investments in the food space that complement our existing portfolio.”
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By GlobalDataTKM specialises in the development, sales, marketing and distribution of food and food related products throughout the US. Distribution channels include foodservice, retail and club stores.
Gary Lim, CEO of TVBG, added: “We are extremely excited about integrating TKM into TVBG and we see tremendous opportunities and synergies in this acquisition.”
