Stremicks Heritage Foods acquires 8th Continent
February 11, 2008
by Eric Schroeder
MINNEAPOLIS — Stremicks Heritage Foods, a Santa Ana, Calif.-based branded specialty foods company, has acquired the 8th Continent L.L.C. soy milk joint venture of General Mills, Inc. and E.I. du Pont de Nemours and Co. Financial terms of the agreement were not disclosed.
As part of the transaction, Solae, a DuPont majority-owned joint venture, will continue supplying soy protein for 8th Continent.
DuPont and General Mills established 8th Continent in 2000 to make soy milk, using DuPont’s technology and General Mills’ merchandising and distribution. Each company owned half the partnership.
Founded in 1990, Stremicks Heritage Foods manufactures, sells and distributes value-added, specialty food products on a regional and national scale. Heritage operates plants in Santa Ana and Riverside, Calif., Cedar City, Utah; and Mexicali, Mexico. Heritage owns or licenses such well recognized brands as Coffee-mate, Nesquik, Kerns, Nestea, Rice Dream and Heritage Organic Milk.