On the Street: Newly Weds Makes Purchase
June 23/Chicago/just-food global news -- Chicago-based Newly Weds Foods has acquired U.K.-based food ingredients manufacturer and coating specialist Witwood Food Products Ltd. for an undisclosed sum.
Witwoods is headquartered in Banbury, U.K., with additional manufacturing sites in Australia and Thailand servicing a customer base of more than 250 food processors and manufacturers.
Newly Weds Foods president, Charles T. Angell, said, "Witwood Food Products is a highly regarded and well respected company in our industry. It has a reputation for delivering innovative food coating technologies, and we see the potential in taking that technology to our customers around the world."
"In turn, Witwoods' customers will be able to benefit from our complementary capabilities in food coatings, as well as seasoning systems and functional ingredients. The product range, corporate values, entrepreneurial spirit and customer-focused culture of our two companies are a perfect match."
"We see the combined business strengthening Newly Weds' position in the global marketplace and creating many growth opportunities. We welcome Witwood Food Products to the Newly Weds Foods family."
Witwoods was established the company in 1982 and has since grown into a global business employing 270 people worldwide.
From the July 6, 2010, Prepared Foods E-dition