Golden State Foods (GSF), Irvine, Calif., acquired KanPak China, a manufacturer to the quick-service restaurant (QSR) industry, located in Xiantao City (Hubei Province). GSF is now the 51% majority owner of KanPak China.
"We are thrilled about our partnership with KanPak, a very professional company with a solid team in China," says Mark Wetterau, chairman and CEO of GSF. "This acquisition is part of our company's strategy to meet the needs of fast-growing international markets. We are especially looking forward to building our local manufacturing capabilities in China to serve our customers in that region. KanPak has an excellent facility there, providing opportunities to produce a full range of products."