California-based manufacturer Ventura Foods has announced it is acquiring fellow US foodservice supplier DYMA Brands for an undisclosed sum.
Ventura, which provides customised and branded products, including dressings, sauces, mayonnaises and oils, for restaurants and to retailers on a private-label basis, said the deal will provide greater choice for its customers and added production capability.
Atlanta, Georgia-based DYMA has a similar product portfolio, with brands including Chef’s Companion, Sweet Crystals and Single Serv providing bulk condiments, seasonings and dry blend mixes to the foodservice industry.
It has more than 500 employees and operates manufacturing facilities in Bremen, Georgia, Duluth, Georgia, Bondurant, Iowa and Visalia, California. All DYMA Brands employees and manufacturing locations were acquired as part of the transaction and DYMA will continue to operate as a wholly-owned subsidiary of Ventura Foods.
Chris Furman, president and CEO of Ventura Foods, said in a statement: “DYMA Brands is an ideal fit for Ventura Foods and represents an exciting next chapter of strategic growth for our company.
“This purchase allows us to better support our customers with added production and distribution capabilities and an expanded product portfolio.”
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Ventura, which is a joint venture between CHS Inc. and Mitsui & Co, owns brands such as SunGlow, Mel-Fry and Sauce Craft. It has customers in more than 70 countries and manufactures products in the US, Canada, Mexico and the Philippines.
Reflecting on the transaction, Bill Goetz, president & CEO of DYMA Brands, said: “While it’s clear that DYMA Brands and Ventura Foods share capabilities, what’s most noteworthy is the companies’ shared philosophy on corporate culture that uniquely positioned Ventura Foods to prevail in this transaction.”
