Change Language:
The main financial points were revealed.
The deal expanded Richardson Foods’ aseptic beverage production capabilities, “accelerating its long-term business strategy to become a full-service provider of liquid products to the food and beverage industry,” the company said.
The organization began producing aseptic products with the acquisition last year of a production facility in Corona, California. It will retain Pennsauken customers and add anonymous CPG brands.
“At Richardson Foods, we are committed to finding new tactics to exceed our customers’ expectations and today’s milestone supports that goal,” said Erin Tolefree, CEO and President of Richardson Foods.
“The expansion of our aseptic beverage production platform allows us to grow with our customers, helping them meet customer demands in a thriving category that is experiencing significant growth. “
Your email will arrive shortly
The newly acquired 240,000-square-foot facility is Richardson Foods’ fourth production facility in the U. S. It is located in the U. S. , along with a culinary innovation center in Westmont, Illinois.
Baldwin Richardson Foods, headquartered in New York City, is a co-manufacturer of quick-service restaurants, packaged goods brands, and food service companies.
It manufactures a variety of sauces, syrups, dressings, and dressings, as well as beverage products such as plant-based dairy alternatives, fruit juices, flavored waters, concentrates and purees, teas, bar cocktail mixes, smoothies, coffee, and creamers, in a variety of bottle, box, and sachet sizes.
The company began in 1992 when Eric G. Johnson, CEO before Tolefree, purchased Ice Cream Company. In 1997, Ice Cream acquired Richardson Foods from The Quaker Oats Company and became Richardson Foods.
In 2005, the company acquired the Industrial Products department of JM Smucker.
Check out all newsletters from the GlobalData Media network.