Newly Weds buys U.K. ingredients provider
June 22, 2010
by Eric Schroeder
CHICAGO — Newly Weds Foods, Inc. has acquired United Kingdom-based food ingredients manufacturer and coating specialist Witwood Food Products Ltd. Financial terms of the transaction were not disclosed. Newly Weds Foods is a provider of food coatings, seasonings and functional ingredients for the food processing and food service industries.
Founded in 1982, Witwood is headquartered in Banbury, U.K., and has manufacturing sites in Australia and Thailand servicing a customer base of more than 250 food processors and manufacturers. Witwood is the U.K.’s largest independent ingredients business, producing food coatings, and its customer base comprises the frozen and chilled value-added food markets worldwide.
“Witwood Food Products is a highly regarded and well respected company in our industry,” said Charles T. Angell, president of Newly Weds Foods. “It has a reputation for delivering innovative food coating technologies, and we see the potential in taking that technology to our customers around the world.
“In turn, Witwood’s customers will be able to benefit from our complementary capabilities in food coatings as well as seasoning systems and functional ingredients. The product range, corporate values, entrepreneurial spirit and customer-focused culture of our two companies are a perfect match.
“We see the combined business strengthening Newly Weds’ position in the global marketplace and creating many growth opportunities. We welcome Witwood Food Products to the Newly Weds Foods family.”
Newly Weds Foods operates 15 plants in North America and 9 international production facilities, including facilities in China, Thailand, Australia, the United Kingdom, Holland and the Philippines plus a network of international partners.