Newly Weds Foods to sell for $4 billion

Redwood Holdings has agreed to buy food ingredient company Newly Weds Foods.

Redwood Holdings has agreed to buy food ingredient company Newly Weds Foods for about $4 billion.

Newly Weds Foods Chief Executive Officer Brian Johnson will continue his leadership role at the company once the deal is final, according to media reports. Newly Weds Foods is owned by the Angell family, and explored a sale after Charles Angell, who took over the business from his father Paul, died last year.

Newly Weds Foods is a global supplier of customized breaders, batters, seasonings, sauces and functional ingredients for the food processing and foodservice industries.

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The Meat Industry Hall of Fame was created in 2009 to enshrine the leaders and legends whose visions, skills, and dedication have shaped and sustained the meat and poultry industries.

This new annual reception will celebrate the Meat Industry Hall of Fame Class of 2023 inductees in person during the AAMP American Convention of Meat Processors & Suppliers’ Exhibition in Omaha, Nebraska.