©North Star Processing
Welcome Dairy Holdings, a portfolio company of private equity firm New Heritage Capital, has acquired North Star Processing.
Founded in 2000, North Star is a US provider of spray drying services for the food ingredients sector. Based in Litchfield, Minnesota, the company also offers wet blending and research and development services for the food and supplement industries, as well as other processing capabilities.
Welcome is a US provider of dairy and non-dairy flavours and ingredients, encompassing the interests of Welcome Dairy and Gamay Food Ingredients.
Through its acquisition of North Star Processing, the company aims to expand its capabilities, allowing it to provide services ranging from initial flavour formulation to full-scale ingredient manufacturing.
“We’re thrilled to bring spray drying capabilities in-house. We now offer the full spectrum of dairy ingredients to our customers, including dairy flavours, dry blend and spray dried dairy and non-dairy seasonings, shelf-stable and refrigerated sauces, and functional cheese products,” said Terry Schneider, president of Welcome.
“This full offering means we can better address our customers’ most important product development needs.”
Tim Nicholson, former CEO and co-owner of North Star, added: “We’ve spent the last 20 years building a business that put its customers and employees first. We’re excited to have found a partner in Welcome Dairy who shares those same values and will continue to do right by our customers and employees in the future.”
The financial terms of the transaction have not been disclosed.
© FoodBev Media Ltd 2024