"We've purchased soy flour from CHS for many years, and we've always been impressed with their intense customer focus and integrity," says Michael Considine, president and chief executive officer of Legacy Foods. "As a financially strong, growing company, CHS has the vision and expertise necessary to take this business to the next level, while being good stewards of our products and employees. This is an absolutely perfect fit."
"Legacy Foods has a history of quality food product manufacturing, and a committed, experienced employee base," says Wendland. "We're looking forward to continuing to serve Legacy Foods customers as CHS and to further growing the market for soy protein based products to add value for our stakeholders."
Financial terms were not disclosed. Legacy Foods LLC, formerly known as PMS Foods LP, has been owned by an investment group lead by Simpson Capital LLC since February 2002. Considine and his management team will continue daily management oversight from the Hutchinson office, reporting to Wendland. The company employs approximately 80 people, all of whom will become CHS employees.
From the April 14, 2008, Prepared Foods e-Flash