The latest transaction is anticipated to consolidate the leadership of Kettle Cuisine as the sole, coast-to-coast fresh soup manufacturer in the thriving fresh soup category
Kettle Cuisine, a frozen foods manufacturer based in Lynn, U.S., has made it to the headlines for acquiring Harry’s Fresh Foods, a Portland-based custom food manufacturing company. Financial details of the transaction have not yet been disclosed.
Reportedly, Harry’s Fresh Foods, established in 1977, operates a 200,000 sq. ft. plant at Nashville, and an 80,000 sq. ft. plant in Portland. The product offerings include desserts, soups, sauces, entrees and sides, a variety of organic, gluten-free & vegetarian offerings, among others. The products can be availed at various grocery & club stores all across the U.S.
Liam McClennon, the Chief Executive Officer at Kettle Cuisine, was recently quoted stating that the company is delighted to add Harry’s to its portfolio. The strong image of Harry’s in the marketplace mirrors its customer relationships, high-caliber team members and premium product portfolio, which seamlessly supports the growth strategy of Kettle, he says.
McClennon went on to state that the company has remained dedicated to its culinary roots of clean label food and provides its customers with brilliant customer service, food safety and scale production efficacies at the greatest levels, adding that the latest buyout will help Kettle Cuisine expand its manufacturing footprint.
Kettle Cuisine, for the record, is a portfolio company of middle-market private equity firm Kainos Capital, which acquired the company in 2015. The takeover helped Kettle invest over $300 million to purchase as well as integrate complementary businesses, include high-speed filing & packaging equipment and enlarge cooking capacity.
According to Dan Hopkin, a Partner at Kainos Capital, the firm has been working on the strategy to turn Kettle from a regional fresh soup manufacturer into an industry leader serving a national customer base. He added that Kainos will be supporting additional opportunities for investments to keep up with Kettle’s growth strategy.