The acquisition will help fuel the growth of both companies in the fresh food space.
Bonduelle, France, entered into an agreement to acquire Ready Pac Foods, the Irwindale, Calif.-based producer of convenience fresh meal solutions, salads and fresh cut produce. The transaction is expected to close by the end of March. Upon closing, Bonduelle will acquire 100% of the common stock of Ready Pac Foods, and plans to run the business as a wholly-owned subsidiary.
The acquisition will help fuel the growth of both companies in the fresh food space. Bonduelle will expand its fresh business to the United States, a market in which it has limited presence. Ready Pac Foods will benefit from a greater level of investment in growth, innovation and global reach.