Ajinomoto acquires New Season Foods
March 13, 2007
by Eric Schroeder
FOREST GROVE, ORE. — Knorr Foods Co., Ltd., a wholly-owned subsidiary of Tokyo-based Ajinomoto Co., has acquired New Season Foods, Inc. Financial terms of the transaction were not disclosed.
Based in Forest Grove, New Season Foods produces sweet corn powder and other vegetable ingredients primarily for instant soups. The company sources agricultural products from the Willamette Valley and the Columbia River Basin, purchasing more than 25 million lbs in a year.
New Season Foods has supplied ingredients to Ajinomoto since 1985, and in the past year supplied Ajinomoto with 1,000 tonnes of sweet corn powder. Mark Frandsen, who acquired New Season Foods in 1998, will continue as the company’s president and chief executive officer.
The acquisition is expected to strengthen one of Ajinomoto’s core businesses by securing a stable supply of ingredients for soup manufactured and sold in Japan, China, Brazil and Southeast Asia. Ajinomoto also plans to develop new ingredients from Pacific Northwest agricultural products for production at New Season Foods.
Founded in 1909, Ajinomoto is the world’s largest producer of amino acid products. The company has 105 plants in 23 countries and regions.