US-based confectionery and snacks business Mount Franklin Foods has snapped up Stuffed Puffs, a filled-marshmallow maker.
Financial details were not disclosed.
The all-American deal saw Mount Franklin acquire a Pennsylvania-based manufacturer with investors including US music producer and DJ Marshmello and his manager Moe Shalizi.
Founded by Michael Tierney in 2019, Stuffed Puffs produces marshmallow products that are filled with milk chocolate and other ingredients.
“As we continue to evolve our business, the acquisition of Stuffed Puffs represents a significant step in broadening our confectionery portfolio,” said Enrique Grajeda, who has been the CEO of Mount Franklin Foods since 2019.
“We are excited to wed our strengths with those of Stuffed Puffs to deliver even more value and innovation to our customers.”
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Mount Franklin is based in El Paso, Texas, and produces nut products, mints, gummies and fruit snacks, and plant-based proteins for both the retail and foodservice channels.
The company’s other divisions include Sunrise Confections, Azar Nut and Hospitality Mints.
It also operates a co-manufacturing and private-label business serving the US retail market.
Mount Franklin said the deal aligns with its “strategic goal to diversify and expand its product offerings”.
Tierney, who is also CEO of Stuffed Puffs, added: “With a shared vision for the future of Stuffed Puffs, our strategic alignment with Mount Franklin Foods, together with its scale and resources, will be a major unlock for us to accelerate our growth trajectory and innovation pipeline.”
In 2020, Mount Franklin acquired Arro Food Processing Division, a contract manufacturer of cereals, trail mixes and nuts.
The transaction was conducted through Mount Franklin’s “affiliate” company and also included the Arro Ingredients Division located in Chicago, Illinois. The acquired business was since named Element Food Solutions.
