US food manufacturer Rich Products Corp has made two acquisitions and formed a joint venture in the US.
Pizza to dessert maker Rich’s said the acquisition of Goglanian Bakeries and f’real, and its joint venture with The Stolbun is consistent with the group’s strategy of diversifying its portfolio.
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The acquisition of family-owned Goglanian Bakeries will add a line of par-baked pizza crusts, flatbreads and pitas to Rich’s current frozen pizza dough line within the foodservice channel.
F’real foods produces high-quality milkshakes, smoothies and frozen coffee beverages to 9,000 convenience stores and foodservice locations across the US and Canada.
With The Stolburn, the company has formed a joint-venture under the company Twin Star Bakery, through which it will produce “high quality fully finished” cakes, and baked and iced cookies. The Stolbun Group will manage Twin Star’s research and development and production, while Rich’s will oversee product marketing and sales, primarily through its in-store bakery division.
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