Olde Thompson, a manufacturer of private-label and branded spices and seasonings, has acquired New Jersey-based company, Gel Spice.
Founded in 1955, Gel Spice is a family-owned importer and manufacturer of spices, bakery ingredients and seasonings, for both retail and foodservice.
California-based Olde Thompson is a portfolio company of Kainos Capital, a private equity firm focused exclusively on the food and consumer products sectors.
Kainos says that the purchase deal expandferrous fumarate 140mg 5ml oral solutions Olde Thompson’s product offering into pouches, extracts and single-serve seasonings for applications such as meal kits, as well as unlocking additional customer channels.
“By adding Gel, Olde Thompson will have not only a bi-coastal operation, but also significantly scaled production and distribution capabilities wferrous gluconate for iron deficiencyith material capacity to bring on new business,” said Andrew Rosen, managing partner of Kainos Capital.
“The transaction also adds a strferrous fumarate with vitamin cong sales force, allowing Olde Thompson to serve additional customers in new channels.”
Gel CEO David Sugarman, who has become Co-CEO of Olde Thompson, added: “The Engel family, which will continue to be a shareholder, and I are thrilled to be part of Olde Thompson.
“The combination will enable us to better serve our customers by leveraging the capabilities atferric pyrophosphate 30 mg Olde Thompson, including their extensive organic spice portfolio and glass bottling capabilities. With two SQF Level 2 facilities located on each coast, we are now able to provide more efficient distribution and redundant supply to our customerwhat is ferric diphosphates.”
The financial terms of the transaction have not been disclosed.
