Univeg and Ready Pac Foods have signalled their intention to foster closer operational ties and develop strategic ventures.
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The US producers of healthy convenience foods such as fresh-cut fruit and vegetables, ready-to-eat meals and produce, said yesterday (12 April) that closer cooperation will enable each group to better serve the US market.
The tie-up will leverage the strengths, resources and expertise of both companies, the food groups said in a joint statement.
Earlier this week, Ready Pac secured an undisclosed level of investment from private equity group Bayside Capital.
The private equity fund is an affiliate of HIG Capital, a Miami-based private equity investment firm specialising in acquisitions and recapitalisations of medium-sized businesses.
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