Inventure Foods

Pennsylvania-based food marketer and manufacturer Utz Quality Foods has announced the acquisition of troubled snack maker Inventure Foods for $165 million. Inventure Foods, the owner of snack brand Boulder Canyon, had previously been attempting to tackle its substantial debt burden by offloading a number of business, including the sale of its frozen business to Oregon Potato Company in September. The residual Inventure Foods business manufactures snacks including potato chips and …

Inventure Foods, the US food manufacturer, has announced the divestment of its frozen division in its latest bid to reduce its debt burden. The firm announced it had entered into a definitive asset purchase agreement for the sale of its frozen business including the Rader Farms and Willamette Valley Fruit Company brands, as well as certain assets, rights and properties related to its frozen fruits, vegetable blends, beverages, and frozen …

US-based food company Inventure Foods has announced the strategic sale of Fresh Frozen Foods to Pictsweet , a family-owned grower and processor of frozen vegetables, for a cash transition of about $23.7 million. According to a company statement, the sale of Fresh Frozen Foods is part of Inventure Foods’ strategy to reduce debt and improve its balance sheet and overall financial flexibility. Terry McDaniel, chief executive officer of Inventure Foods, …