Blount Fine Foods, the US soups, entrees and sauces maker, has announced the acquisition of Texas-based company Food Source.
Food Source produces private-label and branded ethnic and home-style entrees, sides and sauces for retail grocers and national restaurant chains.
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“With this acquisition, we have not only expanded our production, warehousing and shipping capacity in a geographically and strategically advantageous location, but also our bench of industry-leading talent,” said Todd Blount, president of Blount Fine Foods. “By adding production, warehousing and shipping in the middle of the country, Blount Fine Foods can now better serve our surging business in the western part of the United States.”
Financial details were not disclosed.
Blount Fine Foods said it planned continued investment in equipment and staff “to ensure compliance” with the plant’s certifications, which include halal, organic, and gluten-free among others.
“We will make a few upgrades to take the facility from exceptional to state-of-the-art … but overall, the synergies between the two companies will allow this to be a relatively seamless transition,” Mr Blount added. “I expect the advantages of our synergies to be realised almost immediately”.
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By GlobalDataAll current employees will be retained and Blount Fine Foods said it would work with current Food Source customers to “assure a seamless transition”.
Last summer, Blount Fine Foods announced it was looking to reduce the number of artificial ingredients in its products.
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