Litehouse, a maker of refrigerated salad dressings, has entered into an agreement to acquire Sky Valley Foods, a producer of organic shelf-stable dressings, condiments and sauces for $46 million.
With the acquisition, Litehouse said it planned to grow its portfolio with centre-store, clean and organic products, and increase capacity, with the creation of 160 jobs over the next five years, and expand its presence on the East Coast.
Litehouse will acquire, as part of the deal, a 132,000 sq ft manufacturing facility in Virginia. The company also has five US plants based in Michigan, Idaho and Utah.
“For some time Litehouse has been looking to offer products that could be sold in the centre aisles of the grocery store”, said Litehouse president Kelly Prior.. “Before moving forward, we needed to ensure that the products we brought to market had the same high quality standards and reliance on real ingredients as our core Litehouse products. As we looked at Sky Valley Foods and their commitment to real food, real ingredients and better quality, we found great synergies”.