Mizkan Americas Acquires Border Foods

MT. PROSPECT, Ill.Condiment manufacturer Mizkan Americas on May 12 announced the acquisition of Border Foods® Inc., one of the nations oldest and established processor of green chile, jalapeño and tomatillo peppers and manufacturer of enchilada sauces for branded and private label markets.

The acquisition of Deming, N.M.-based Border Foods builds on parent company Mizkan Groups plans for global expansion of its retail, branded, food ingredients and foodservice businesses. It also follows a relationship between Mizkan as a supplier to Border Foods.

We look forward to the continuing growth of Border Foods as this acquisition broadens strategic diversification in this sector," said Craig Smith, President of Mizkan EuroAmericas. The Hispanic foods market has seen aggressive growth over the last few years, and is projected to reach over $8 billion in 2011. We are pleased to now have a position in this growing market with Border Foods quality products."

Commenting on the deal, Border Foods CEO Randy Clark said, We have known Mizkan for some time and believe our business will fit well into Mizkans current business and the channels of trade they currently serve. Mizkans commitment to quality, customer service and its global reach for product manufacturing, product development and distribution are indeed impressive."

Mizkan Americas is a leading condiment producer in the United States selling across all channels of trade including branded retail, private label retail, foodservice and food ingredients. Mizkan Americas leading retail condiment brands include Holland House® cooking wines, Nakano® rice vinegars and World Harbors marinades and sauces. The company is a leading Asian condiment supplier in the retail and foodservice channels of trade.  Mizkans food ingredients division supplies ingredients to numerous well known food manufacturers across several categories.

During the last five years, Mizkan has acquired the Holland House brand of cooking wines from Motts LLP, the World Harbors brand of marinades and barbeque sauces, Creole Fermentation of Louisiana and the Gourmet Specialty Division of Imperial Brands Inc.