Panos

Panos, a producer of branded consumer foods, has announced the acquisition of Tessemae’s, a specialist in refrigerated and shelf-stable organic salad dressings, for $4.5 million. The acquisition follows Tessemae’s decision to file for voluntary Chapter 11 bankruptcy protection to restructure its debts. Founded in 2009, Tessemae’s grew rapidly to secure distribution in national grocers, retailers and hotel chains. Commenting on the acquisition, Panos CEO Darcy Zbinovec said: “Tessemae’s offers a …