Midas Foods, a sauces and seasonings maker, has announced the acquisition of JM Exotic Foods, a leader in spices, seasonings, and specialty foods.
The company said the acquisition aligned with its strategy to establish a national manufacturing footprint and broaden its offerings to include retail packaging, shaker bottles, and more.
JM Exotic Foods’ brand range includes Sure Shot Sid’s seasonings and marinades and the Caribbean-themed Mojo Mama line.
“This acquisition not only enhances our packaging processing capabilities but also adds significant value to our customers”, said Richard Elias, president of Midas Foods International. “We’re excited to invest in JM Exotic Foods with a strong capital program to expand high-speed processing for both foodservice and retail markets. Together, we’ll deliver a comprehensive range of innovative solutions that set new standards for quality and efficiency”.
Jeff Johnston, former president of JM Exotic Foods, added: “For years, we’ve excelled in processing spices and seasonings, but lacked the in-house culinary R&D and extensive capabilities Midas provides. Now, with their team of expert chefs and food technologists, we can offer an unparalleled growth engine for our customers”.
Source: Midas Foods /JM Exotic Foods