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Ready Pac Foods acquired by world leader of ready-to-eat vegetables

Ready Pac Foods will be acquired by Villeneuve-d'Ascq, France-based Bonduelle, a world leader of ready-to-eat vegetables. This milestone transaction will strengthen Bonduelle's international footprint and dramatically change its profile, making the U.S. the largest country of operations. This transaction is also expected to offer new opportunities to Ready Pac Foods business partners.ready

Ready Pac, a market leader in single-serve salad bowls, is also a producer of fresh-cut produce, offering packaged salads, fresh-cut fruits and mixed vegetables to its retail and foodservice customers. The company has four production facilities — located in Irwindale, CA; Jackson, GA; and Florence and Swedesboro, NJ — about 3,500 full-time employees and generates approximately $800 million of revenue.

Bonduelle has a longstanding track record of successful acquisitions in North America, in particular Aliments Carrière, Canada, in 2007 and Allens, USA in 2012, and the fresh category, its first business segment.

This acquisition, which is fully compatible with Bonduelle's strong financial profile, perfectly fits with its strategic plan and will strengthen its leadership positions in its core business lines:

  • development of Bonduelle's business in the consumer convenience and healthy food segments;
  • increasing presence in the fast-growing segment of fresh prepared vegetables;
  • reinforcement of footprint in North America, of a size, post transaction, equivalent to the European Union in Bonduelle's geographical portfolio.

Ready Pac Foods will become Bonduelle fifth's business unit, dedicated to the Fresh business in the Americas, along with Bonduelle Long Life Europe, Bonduelle Fresh Europe, Bonduelle Eurasia Markets and Bonduelle Americas, the latter being devoted to canned and frozen vegetables in North America and South America.

"We welcome all of the Ready Pac Foods employees into the Bonduelle family," Christophe Bonduelle, Bonduelle's chairman and CEO, said in a press release. "We look forward to working with the highly skilled and successful Ready Pac Foods management team in bringing together two great companies in the vegetal food industry. This acquisition shows Bonduelle's ambition to further develop as a global leader in its markets and strengthen its positions in the consumer convenience and health segments to meet consumers' needs."

 "We are thrilled to partner with market leader Bonduelle in our next chapter of growth and feel we will be right at home within the Bonduelle family of companies," Ready Pac Foods CEO Tony Sarsam said in the release. "Beyond common business goals, both companies share a common purpose — to help people live healthier lives through innovative fresh food products. I am enthusiastic about Bonduelle's investment in our growth strategy and for the great success we will achieve together."

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