Bellisio Foods, Inc., a Minneapolis-based division of CP Foods, entered into a definitive agreement with Swander Pace Capital, San Francisco, to acquire Frozen Specialties, Inc. (FSI), Perrysburg, Ohio. The acquisition will be folded under Overhill Farms, Inc, Vernon, Calif., which Bellisio Foods purchased in 2013.
“This acquisition of FSI brings together our vibrant, growing companies who share an expertise in delivering delicious, exciting brands and private label products to retail customers that delight consumers,” says Ken Stickevers, president and CEO at Bellisio Foods.
FSI is a producer of private label and co-manufactured frozen pizza and pizza bites sold in nearly every major retailer across the United States, Canada, Puerto Rico and the Caribbean. The deal also includes FSI’s production facility in Archbold, Ohio.
“We’re excited by the innovation and national plant network we can now bring to our private label, co-manufacturing and foodservice customers. The complementary product portfolios and product expertise across our company will benefit our North American and Asian customers,” says Terry O’Brien, president of Overhill Farms.