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Saco, a distributor of specialty consumer packaged goods, has announced it is to acquire leading sun-dried tomato business California Sun Dry for an undisclosed sum.
California Sun Dry has a comprehensive product portfolio of jarred and bagged sun-dried tomato products, as well as related products such as tomato spread and pesto, and enjoys the number one market share position in the US sun-dried tomato category.
Saco said the acquisition would help expand its presence in the produce aisle.
Commenting on the deal, Saco CEO and president Tom Walzer said: “With the acquisition of California Sun Dry, Saco has significantly expanded its volume in the produce section. We are excited to welcome Charles Olinsto the team and grow and build upon California Sun Dry’s successful legacy in the years to come”.
Source: Saco (via PR NewsWire) / California Sun Dry
