The combined entity will allow Franklin Foods to continue its growth and deliver on its mission to re-invent cream cheese for today's consumer.
Hochland SE, a privately-held Bavaria, Germany-based cheese company, acquired Franklin Foods, Delray Beach, Fla.
Jon Gutknecht, current partner, president and CEO of Franklin Foods, will continue to lead Franklin Foods and maintain an interest in the new venture. Franklin Foods will continue to operate independently as a wholly owned subsidiary of Hochland SE. Franklin Foods' strong manufacturing and sales platform in the U.S. cream cheese market complements Hochland's international growth strategy.