Rich Products expands its portfolio with three acquisitions

Global food company Rich Products has announced a trio of acquisitions including Rizzuto Foods, Morey’s Seafood and two manufacturing plants from TreeHouse Foods, as it looks to expand its portfolio.

The three acquisitions form part of the US-headquartered company’s long-term growth strategy and will strengthen its position in the bakery, pizza and seafood categories.

Based in Washington, Rizzuto Foods is best known for its pizza and flatbread products, along with gluten-free and cauliflower crusts, and will enhance Rich’s pizza capabilities.

Through its acquisition of Morey’s Seafood, Rich will expand its current seafood footprint that currently includes its SeaPak brand. With a state-of-the-art processing centre in Motley and a distribution facility in Plymouth, Minnesota, Morey’s offers a full line of authentic fish and seafood products.

Located in California and Minnesota, the two manufacturing plants will strengthen Rich’s offerings in both the bakery and dessert categories by adding brands such as Cottage Bakery to its portfolio.

TreeHouse Foods’ facilities specialise in baked artisan breads and rolls, as well as finished cakes for in-store retail bakeries and foodservice.

As part of the acquisition, more than 400 associates across the two plants will join Rich’s team.

“As we enter our 75th year, we remain as committed as ever to driving value for our customers,” said Ray Burke, president and chief operating officer, Rich Products’ US Canada region.

Burke added: “Expanding our product portfolio, adding greater capacity and fuelling innovation are key pieces of our strategic acquisition efforts. These moves strengthen our position as a total solutions provider in today’s rapidly evolving marketplace.”

Financial terms of the transactions were not disclosed.