View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 30, 2021updated 11 May 2021 5:26pm

Tribe 9 Foods buys Carla’s Pasta out of bankruptcy

By Andy Coyne

Tribe 9 Foods, a US pasta and peanut butter producer, has acquired local peer Carla’s Pasta for US$26.3m.

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.

Madison, Wisconsin-based Tribe 9, acquired Carla’s, headquartered in South Windsor, Connecticut, through a bankruptcy auction.

Carla’s, which makes fresh pasta, sauces and appetisers, serves the foodservice channel. It filed for Chapter 11 bankruptcy protection in February after piling up millions of dollars in debt, blaming the impact of the Covid-19 pandemic on its sales.

The company, established by Italian immigrants, has been in business for 43 years and has around 140 employees.

Tribe 9, which owns gluten-free pasta brand Taste Republic, said that through the deal it “plans to build the strongest producer of value-added pastas in the foodservice sector”.

It plans to continue operating Carla's manufacturing facilities in Windsor.

Brian Durst, Tribe 9's chairman and CEO, said: "Carla's has such a storied history, providing the most delicious traditional pasta for the restaurant industry.

"At the same time, our Taste Republic brand is rapidly building a leading presence across food-industry channels with the most delicious gluten-free, grain-free and vegan pasta offerings.

"Combined with Carla's leadership in delicious, value-added traditional pasta, we will be thrilled to provide a complete range of solutions for our customers, including foodservice, industrial, retail, private label and contract manufacturing."

Sandro Squatrito, vice president of business development at Carla's Pasta, said: "The pandemic hit us incredibly hard - there's no doubt about that.

"While it hurt us to file for bankruptcy, we're grateful that a value-driven organisation such as Tribe 9 will be at the helm going forward. This means people keep their jobs and Carla's legacy lives on."

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