Newly Weds Foods Buys Industrial Food Coatings Ops

CHICAGONewly Weds Foods, Inc., acquired the industrial food coating business of Tukwila, Wash.-based Continental Mills, Inc., for an undisclosed sum. The transaction includes a 55,000-square-foot manufacturing facility located in Pendleton, Ore., and other assets associated directly with this specific business.

Continental Mills business is primarily comprised of starch- and flour-based coatings and batters for potato and poultry application, as well as other protein and vegetable type substrates.

Commenting on the acquisition, Newly Weds Foods President Charles T. Angell, said: The industrial food coating business purchased from Continental Mills today is consistent with Newly Weds Foods coating expertise and industry-leading position. Beyond just the immediate addition to sales volume, we see long-term benefits arising from inherent values in proprietary products, new product technologies, access to key areas of distribution, an expanded customer base and additional manufacturing capacity. Along with effective organic sales-building activity, acquisitions like this are an important aspect of Newly Weds Foods aggressive growth strategy."

Newly Weds Foods is a leader in the production of food coatings, seasonings and functional ingredients for the food processing and foodservice industries. Worldwide operations currently consist of 14 North America plants and 10 international production facilities including China, Thailand, Australia, the United Kingdom, Holland and the Philippines plus a well-established network of international partners.