Duane Martin, CEO and chairman of Universal Food & Beverage Company, announced the appointment, effective immediately, of Ralph Passino as senior vice president of Mergers, Acquisitions & Joint Ventures, a new executive division of Universal.
The company believes, “There currently exists significant opportunity to accelerate growth through the acquisition and/or joint venture with a number of smaller but highly successful regional beverage bottling and distribution companies. As a public entity, Universal believes that it is ideally positioned to build upon its current business base and development strategy.”