Private equity investor Centerview Partners, Rye, N.Y., said that it purchased Richelieu Foods Inc., Randolph, Mass., for undisclosed terms from Brynwood Partners.
Venture capital investor Bradmer Foods, Baltimore, said it made a "follow-on" investment in Blue Horizon Wild, an Aptos, Calif., frozen seafood processor.
Consumer markets researcher Packaged Facts projects the market for frozen convenience foods will grow 2 percent by year-end to reach sales of $17 billion in 2010.
The National Restaurant Association said it signed a deal with Chicago and state of Illinois officials to keep the annual National Restaurant Association Restaurant, Hotel-Motel Show and International Wine, Spirits & Beer Event at Chicago’s McCormick Place through 2016.
Bake’n Joy Foods Inc., North Andover, Mass., said it acquired Boston Coffee Cake, a mail-order baker of fresh specialty cakes and desserts also located in North Andover.
Sometimes less is more. And that's why frozen food giant Pinnacle Foods Finance LLC, Mountain Lakes, N.J., plans to discontinue two frozen meal and entree lines.
Frozen bakery products contributed growth to Ralcorp Holdings Inc.,St. Louis, which reported its sales and earnings for the fourth quarter and fiscal year ended Sept. 30, 2010.
Supermarket sales grew a meager 0.12 percent in 2009 and same-store sales decreased 0.82 percent, illustrating the complex and challenging marketplace in which food retailers operate every day.
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