Kosher food maker Vita Food Products announced it has entered an agreement in principle with the Halifax Group and Robert J. Budd and certain members of his immediate family, the sole shareholders of Halifax, to purchase all of the equity of Halifax.
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Halifax manufactures and distributes licensed brand named products including the Jim Beam brand of steak sauce, barbeque sauce, marinade and related products. Halifax also makes and distributes the Scorned Woman gourmet food line, the Oak Hill Farms line of salad dressings and various other gourmet products. The company is based in Atlanta, Georgia, with a packaging facility and warehouse and distribution facility.
Pursuant to the agreement with Vita, Budd will enter into an employment agreement with Halifax and serve as a member of the board of directors of Vita.
Vita is the US leader in the herring and retail packaged salmon markets and also operates in several other food segments, including cream cheese, cocktail sauce and horseradish. More than 95% of Vita’s sales are in kosher foods.
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