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Cold Foods Industry News

Midas Foods International Acquires J.M. Exotic Foods

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December 21, 2024

Midas Foods International is excited to announce the acquisition of J.M. Exotic Foods, a longstanding leader in spices, seasonings, and specialty food products. This partnership combines over 70 years of culinary expertise, expanding both companies’ capabilities in production, product development, and customer service.

The acquisition marks a major step forward for Midas Foods, aligning with its strategy to establish a national manufacturing footprint and broaden its offerings to include retail packaging, shaker bottles, and more. J.M. Exotic Foods brings proven expertise in food service and retail spice packaging, complementing Midas Foods’ focus on innovation in dry-blend sauces, gravies, glazes, and desserts.

“This acquisition not only enhances our packaging processing capabilities but also adds significant value to our customers,” said Richard Elias, president of Midas Foods International. “We’re excited to invest in JM Exotic Foods with a strong capital program to expand high-speed processing for both foodservice and retail markets. Together, we’ll deliver a comprehensive range of innovative solutions that set new standards for quality and efficiency.”

JM Exotic Foods’ trusted management team will remain in place, ensuring continuity for its customers while benefiting from Midas Foods’ extensive resources. Customers will now have access to:

Advanced Culinary R&D: Midas Foods’ team of nationally recognized chefs and food technologists will introduce new levels of innovation to JM Exotic Foods’ offerings.

  • State-of-the-Art Food Technology: Cutting-edge tools to enhance product quality and variety.
  • Expanded Production Capacity: Greater efficiency to meet growing market demands.
  • Enhanced Product Portfolio: From retail packaging to sauces and gravies, the partnership opens new possibilities for both companies.

This partnership marks a pivotal moment for both companies as they continue to uphold their shared commitment to quality, innovation, and exceptional customer service. Together, Midas Foods International and JM Exotic Foods are poised to deliver even greater value to customers while advancing culinary excellence across the industry.

About Midas Foods International
Midas Foods International specializes in dry-blend culinary solutions, including sauces, gravies, seasonings, and desserts. With a focus on innovation and quality, Midas partners with clients to develop custom solutions tailored to market needs.

KEYWORDS: ingredient sourcing ingredients mergers and acquisitions

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