ARLINGTON, Va.–(BW HealthWire)–June 12, 2001–Acirca, Inc., today announced it acquired the nation’s second largest brand of certified organic pasta sauce, Millina’s Finest®, and Fruitti Di Bosco®from Spectrum Organic Products, Inc. (Nasdaq:SPOP).
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The addition of Frutti Di Bosco and Millina’s Finest certified organic gourmet pasta sauces gives Acirca the number two position in the U.S. organic pasta sauce category with a 22% market share.
Commenting on the acquisition Acirca CEO Mark S. Rodriguez said, “The addition of these two fine brands to our recently launched lines of Walnut Acres® certified organic soup and salsa substantially improves Acirca’s offering. A more diversified product line allows the company to provide knowledgeable, health conscious consumers with more high quality, great tasting certified organic food and beverage products. Additionally, the improved scale helps the company better serve our valuable distributors and retail customers and allows us to realize synergies in our supply chain, production, distribution and marketing.”
Spectrum CEO Jethren P. Phillips stated, “We are pleased with the sale of the Millina’s business to Acirca. Acirca has the resources available to take the business to a higher level than Spectrum could have accomplished in the near term. Spectrum will continue to expand its strategic alliance with Acirca by continuing to supply organic raw materials through our Organic Ingredients division. More importantly, the transaction will provide Spectrum with new working capital to invest in our rapidly growing core businesses of EFA (essential fatty acid) food and supplement products under the brand names Spectrum Naturals® and Spectrum Essentials®.”
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