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May 24, 2019

US-based Golding Farms Foods acquires local peer Arcobasso Foods

Golding Farms Foods, a US manufacturer of private-label and branded sauce and condiment products, has acquired a local peer for an undisclosed sum.

By Leonie Barrie

Golding Farms Foods, a US manufacturer of private label and branded sauce and condiment products, has acquired dressings and sauces business Arcobasso Foods for an undisclosed sum.

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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.

North Carolina-based Golding Farms said the deal “enhances” its “product offerings and capabilities in numerous high-growth categories” and establishes a national manufacturing footprint to supply customers with private-label and branded products.  

Arcobasso, based in Missouri, provides private label, branded and co-packed sauce and condiment products, including salad dressings, hot sauces, wing sauces and barbecue sauces.

John Frostad, CEO of Golding Farms, said: “Arcobasso Foods is a special company with long-standing relationships and commitments to customers, suppliers, employees and the St Louis community.

“The addition of Arcobasso will meaningfully expand Golding Farms’ manufacturing footprint, creating a speciality sauce and condiment platform capable of serving customers in almost every geography and trade channel.”

Pat Newsham, president of Arcobasso Foods, said: “Our combination with Golding Farms will allow us to be a better strategic partner for our customers. I look forward to partnering with John Frostad and the rest of the Golding Farms team to help accelerate the continued growth of our combined business.”

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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.

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