USA: Saco Foods acquires Ancient Harvest and Pamela’s

Saco Foods, a US manufacturer of shelf-stable products and a portfolio company of Fengate Private Equity and Weathervane Investment Corp, has announced the acquisition of Quinoa Corporation and its brands Ancient Harvest and Pamela’s from Encore Consumer Capital.

Founded in 1983, Ancient Harvest is known for bringing quinoa to the US market and also makes plant-based products such as gluten-free pasta and polenta.

The Pamela’s portfolio meanwhile includes gluten-free pancake mixes, baking mixes and snack bars, as well as gluten-free and fruit-filled biscuits.

Commenting on the acquisition, Saco Foods CEO Tom Walzer said: “We are excited to welcome Ancient Harvest and Pamela’s into our family of brands. Broadening our offering with their quality products complements our existing portfolio and leverages our shared service platform to improve service and reinvest in innovation to drive the organic growth of these great legacy brands”.

Quinoa Corporation former CEO and now president of Ancient Harvest and Pamela’s John Becker added: “With the support of Saco, we have a great opportunity to reinvigorate these brands and expand our distribution while maintaining the high quality standards our customers and end consumers expect”.

Terms of the transaction were not disclosed.

Source: Saco Foods