View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
December 4, 2018

CP-owned Bellisio Foods acquires fellow US business Frozen Specialities

US-based Bellisio Foods, owned by Thai frozen food giant Charoen Pokphand Group (CP), has announced it has acquired a local frozen food business.

US-based Bellisio Foods, owned by Thai frozen food giant Charoen Pokphand Group, has announced it has acquired local business Frozen Specialities from Swander Pace Capital.

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

The terms of the deal are undisclosed.

Minneapolis-based frozen food business Bellisio said Frozen Specialities (FSI), which is based in Perrysburg, Ohio, and produces private label and co-manufactured frozen pizza products, will be “folded under” its sister company Overhill Farms.

Overhill specialises in private label, co-manufacturing and foodservice products.

Ken Stickevers, president and CEO at Bellisio Foods, said: “This acquisition of FSI 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.”

Bellisio points out FSI supports nearly every major retailer across the United States, Canada, Puerto Rico and the Caribbean from its production facility in Archbold, Ohio.

Terry O’Brien, president of Overhill Farms, said: “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.”

Charoen Pokphand Group acquired Bellisio in 2016 from private-equity group Centre Partners for US$1.08bn. Bellisio snapped up Overhill three years earlier.

Related Companies

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food