MANITOWOC, WIS. — Lakeside Foods, a supplier of frozen and canned foods to the retail, food service and industrial segments, has reached an agreement to acquire Good Eats Food Co., Fayetteville, Ark. Financial terms of the transaction were not disclosed.
Good Eats Food makes canned beans under the Ser!ous Bean Co. brand and frozen vegetable products under the Ruthie’s Twisted Harvest brand.
“Innovation is the cornerstone of our strategy,” said Glen Tellock, president and chief executive officer of Lakeside. “Consumer preferences, and therefore customer needs, are evolving faster than ever. Good Eats injects a shot of entrepreneurial spirit into Lakeside, which will help us more quickly advance around this key strategic priority. Lakeside, on the other hand, provides the needed scale for Ser!ous Bean Co. and Ruthie’s Twisted Harvest to efficiently expand.”
Once the transaction is finalized, Good Eats will become a division of Lakeside, with the company’s co-founders, Matt Brown and Trey Taylor, joining the company. Mr. Brown will lead sales for both Lakeside Foods and Good Eats as vice-president of sales, while Mr. Taylor will lead marketing and innovation efforts.
Mr. Brown and Mr. Taylor said the combination of Lakeside’s sourcing, manufacturing, product development and logistics expertise will allow Good Eats to focus more attention on trends, consumer insights and the development of new innovative products.
In April, Lakeside Foods acquired Riverside Foods, a Two Rivers, Wis.-based producer of cheese appetizers, specialty frozen vegetable and seafood products for the food service industry. Riverside makes products under the Kettle Brau, Trivers’, Super Samplers, Smokehouse and Riverside brands.
Lakeside Foods operates 13 plants with distribution in 14 countries around the world.