Chicago-based Kenex Holdings announced that portfolio company Imperial Frozen Foods, Wake Forest, N.C., purchased 100% of the assets of Greystone Foods LLC, a Birmingham, Ala.-based manufacturer of Today’s Harvest branded and private label individually quick-frozen (IQF) vegetables.
Greystone manufactures 30 varieties of grade-A frozen vegetables to 2,000 supermarkets nationwide. The strategic asset acquisition extends Imperial's capabilities and product offerings to include frozen vegetables.
"We feel Greystone is a strong strategic fit with our go-to market strategy, which will now allow Imperial to offer a one-stop shop for IQF fruit and vegetables with both branded and private label solutions,” says Alex McIntosh, vice president of sales for Imperial. “Combining private label with Sunkist frozen fruit and Today's Harvest vegetables on the same truck can generate significant freight efficiencies for our customers."
Kenex Holdings acquired Imperial in December 2014. In 2016, Imperial opened up its state-of-the-art production facility in Savannah to further expand its product offerings.