Mount Franklin Foods, manufacturer of confections and nut products, has acquired Arro Corporation’s food processing and ingredients divisions, as part of its growth strategy.
The acquisition, for an undisclosed sum, is effective immediately.
As a result, the new company is now named Element Food Solutions and will operate as an independent business unit under the Mount Franklin Foods parent organisation.
The deal, which was made through Mount Franklin Foods affiliate, includes all the assets from Arro food processing division and Arro ingredients division, headquartered in Chicago, Illinois.
Element Food Solutions will continue to operate out of the former Arro locations in Hodgkins and Chicago, Illinois.
Arro Food Processing specialises in product development and packaging solutions for the bake mix, powdered beverage, ingredient and cereal, trail mix, nut categories.
Arro Ingredients, meanwhile, operates a dedicated bulk ingredient blending and transfer facility, which provides large format handling and storage solutions for a wide array of food and food ingredient companies.
With the acquisition, Mount Franklin Foods aims to grow and develop its products and brands to a broader segment in the foodservice industry.
“By adding the synergistic Element Food Solutions into the Mount Franklin portfolio, we will not only enhance our offerings but will be able to assist more customers in more categories and help them turn manufacturing challenges into successes,” said Eloy Vallina, owner of chairman of Mount Franklin Foods.
Mount Franklin Foods serves the retail and foodservice industries manufacturing a variety of confections and nut products including gummies, jellies, mints, fruit snacks, nut and snack mixes under brands such as Azar Nut, Sunrise Confections and Hospitality Mints.
Enrique Grajeda, president and CEO of Mount Franklin Foods, said: “This acquisition and formation of Element Food Solutions supports our strategic growth strategy.
“The enhanced capabilities this new business unit brings will allow us to further assist our customers in developing innovative items for growing categories such as protein powders and healthier-for-you baking ingredients.”
© FoodBev Media Ltd 2024