RICHFIELD, OHIO – Eagle Foods, a manufacturer of condensed milks and snacks, has acquired Popcorn, Indiana, Englewood, N.J., a manufacturer of ready-to-eat popcorn. Terms of the transaction were not disclosed.
|Paul Smucker Wagstaff, c.e.o. of Eagle Foods|
“Our acquisition of Popcorn, Indiana soundly demonstrates Eagle Foods’ commitment to expanding our product offerings to best meet the needs of our customers and consumers,” said Paul Smucker Wagstaff, chief executive officer of Eagle Foods. “The Popcorn, Indiana brand is a strategic addition to our existing selection of R.-T.-E. popcorn. We are excited to continue to grow the Eagle Brands platform both organically and through strategic acquisitions.”
Other snack brands owned by Eagle Foods include G.H. Cretors Popcorn and Hi I’m Skinny snacks. G.H. Cretors manufactures R.-T.-E. popcorn while the Hi I’m Skinny line features superfood sticks, quinoa sticks and protein sticks. The company also manufactures popcorn products for the private label market.Eagle Brands is majority owned by the private equity firm Kelso & Company, New York. Other brands sold by Eagle Brands include the Eagle, Magnolia, Pet and Milnot condensed milk brands.