US-based dips and desserts manufacturer Lakeview Farms has acquired Tribe Mediterranean Foods, a producer of hummus dips.
Financial details of the deal were not disclosed by Lakeview Farms in a statement today (13 December).
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Tribe Mediterranean Foods, which is run by chief executive John McGuckin from its Massachusetts site, has produced hummus products for more than two decades. Its portfolio covers about 20 different flavours, all of which are kosher-certified, non-GMO and vegan-friendly.
Tom Davis, Lakeview’s chief executive, said: “Tribe brings an impressive product portfolio, deep talent and industry expertise, a state-of-the-art manufacturing facility and a strong plan for growth. We look forward to continuing to build our business through innovation, world-class manufacturing, and distribution.”
Founded in 1988, Ohio-based Lakeview is owned by private-equity fund Sequel Holdings, which also has frozen foods producer Chairmans Foods and fresh vegetable supplier J&J Produce under its wings. Its desserts range encompasses puddings, cheesecakes, parfaits and mousses, while seafood dips and salads also feature in its product line-up. The company owns the brands Luisa’s, Salads of the Sea, Sea Gold, and Senor Rico, which are sold on the “fast-growing perimeter” of retail outlets in the US.
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By GlobalData
