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.
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.