Calbee America (CAI), has agreed to acquire a majority ownership stake of US savoury snack manufacturer Warnock Food Products in a move to expand its product portfolio in the US snack market.
US subsidiary of the Japanese snack food maker Calbee has acquired an 80% controlling interest in Warnock’s share capital. The deal was secured on 25 October 2019.
As part of its growth strategy, Calbee has positioned the expansion of its North American market as one of the key regions.
Warnock’s products that includes potato chips, tortilla chips and puff snacks will join Calbee’s portfolio of brands such as Harvest Snaps, expanding its presence in the US snack market.
The acquisition will allow Calbee to leverage its product development capability and distribution.
In October last year, Calbee acquired British brand Seabrook Crisps, as it aimed to strengthen its position in Europe’s snack market. The deal was carried out through Calbee’s UK subsidiary, Calbee UK, which was founded in 2015.
© FoodBev Media Ltd 2020
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