Flagstone Foods, one of the largest manufacturers and distributors of private label snacks and trail mixes in the US, has announced the acquisition of nut specialist Emerald Nuts from Campbell Soup.
Emerald Nuts operates plants in North Carolina, Texas and Alabama, processing a varied assortment of nuts, including almonds, pecans, walnuts, cashews, peanuts, and mixed nuts in a range of flavours. It is said to be particularly known for ‘grab-and-go’ 100 calorie packs and glazed nuts.
Commenting on the acquisition, Harry Overly, chief executive officer at Flagstone Foods said: “Flagstone Foods has long been trusted by the nation’s premier retailers to provide the highest quality snacks. Emerald has been providing high-quality branded snack nuts since 2004 and is now the go-to option for consumers seeking better-for-you snacking on the go. Adding Emerald Nuts to our portfolio establishes a new avenue for Flagstone to service our customers with innovative snack products and unites two industry leaders with a shared commitment to the highest levels of product quality and innovation”.
Chris Foley, executive vice president and president of Campbell Snacks, added: “The sale of the Emerald business is part of our ongoing strategic process to create even greater focus on driving accelerated growth across our Snacks division and power brands”.
Financial terms of the acquisition were not disclosed.
Source: Flagstone Foods (via PRNewswire)