Private label foods giantRalcorp Holdings, Inc ., St. Louis, said it purchasedSepp's Gourmet Foods Ltd., a frozen breakfast foods company based in Delta, B.C., Canada.
Sepp's supplies frozen breakfast items to the retail and foodservice sectors with annual net sales of approximately US$29.3 million. Sepp'swill continue its operations in Delta, B.C. and in Richmond Hill, Ont., officials said.Terms of the transaction were not disclosed.
Said Kevin J. Hunt, co-chief executive officer and president of Ralcorp Holdings, "We welcome the Sepp's management team and employees to the Ralcorp family. Sepp's will become a key part of our frozen bakery business and will enhance Ralcorp's frozen bakery product offerings."
Ralcorp produces Post branded cereals, a variety of value brand and store brand foods sold under the individual labels of various grocery, mass merchandise and drugstore retailers, and frozen bakery products sold to in-store bakeries, restaurants and other foodservice customers.
Ralcorp's diversified product mix includes: ready-to-eat and hot cereals; nutritional and cereal bars; snack mixes, corn-based chips and extruded corn snack products; crackers and cookies; snack nuts; chocolate candy; salad dressings; mayonnaise; peanut butter; jams and jellies; syrups; sauces; frozen griddle products including pancakes, waffles, and French toast; frozen biscuits and other frozen pre-baked products such as breads and muffins; and frozen dough for cookies, Danishes, bagels and doughnuts.
Ralcorp completes deal for Sepp's
June 28, 2010