Sargento Foods, the US natural cheese company, has signed a definitive agreement to acquire California-based La Terra Fina, a category leader in dairy-based dips, spreads and quiches.
The deal will see Sargento Foods enter the deli department of grocery retailers across the USA. Founded in 1983, Union City-based La Terra Fina employs approximately 250 staff and has been a private affiliate of the Catamount Management Corporation since 2015.
Sargento Foods chairman and CEO Louie Gentine commented: “Our purpose at Sargento is to find new ways to add value to people’s lives […] We will continue this legacy, by growing the La Terra Fina brand and welcoming new members of the Sargento Family”.
Stephen Cottrell, president and CEO of La Terra Fina, added: “This venture reflects the strength of what we’ve built and puts La Terra Fina in a great position for accelerated growth […] We know our brand is in the best of hands with Sargento”.
The sale is targeted to be finalized in late September, though financial details of the transaction were not disclosed.
Source: Sargento Foods
