Newly Weds Foods buys food coatings business
Newly Weds Foods Inc. has purchased the industrial food coating business of Tukwila, WA. based Continental Mills Inc. for an undisclosed sum. The business is primarily comprised of starch and flour based coatings & batters for potato and poultry application as well as other protein and vegetable type substrates. The transaction includes a 55,000 sq. ft. manufacturing facility located in Pendleton, OR. and other assets associated directly with this specific business.
Newly Weds Foods President, Charles T. Angell, said, “The industrial food coating business purchased from Continental Mills today is consistent with Newly Weds Foods’ coating expertise and industry-leading position. Beyond just the immediate addition to sales volume, we see long term benefits arising from inherent values in proprietary products, new product technologies, access to key areas of distribution, an expanded customer base and additional manufacturing capacity. Along with effective organic sales-building activity, acquisitions like this are an important aspect of Newly Weds Foods’ aggressive growth strategy.”