View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
December 21, 2020updated 09 Apr 2021 6:51am

UK’s Baxters Food Group acquires US-based Truitt Bros

UK soup and pie manufacturer Baxters Food Group has acquired a US-based contract manufacturer of shelf-stable, thermally processed foods.

By Leonie Barrie

UK soup and pie manufacturer Baxters Food Group has acquired Truitt Bros, a US-based contract manufacturer of shelf-stable, thermally processed foods.

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.

Edinburgh-based Baxters, which also manufactures sauces, chutneys and preserves, said the deal – struck for an undisclosed sum – is part of its US growth strategy.

Truitt started out as a canning business but now preserves meals in pouches using thermal processing and retort equipment. It produces more than 400 varieties of shelf-stable meals.

It operates from sites at Salem, Oregon, its HQ, and East Bernstadt, Kentucky, and has more than 500 employees. It sells its products to companies ranging from start-ups to the world’s largest brands. 

Audrey Baxter, executive chairman and group CEO of Baxters Food Group, said: “Truitt Bros is an industry innovator, providing high quality customised products to a wide variety of food companies across the US.

“The acquisition is a vital part of our US and global growth strategy and offers us the opportunity to capitalise on our existing US business.

“We will be working closely with the leadership teams at Truitt and Wornick [the US food business Baxters acquired in 2014] to develop an integrated North American business.”

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