Last updated on June 29th, 2015 at 03:15 pm
Concord Foods LLC of Brockton, Massachusetts, a supplier of retail food products and custom ingredients to nationally recognized supermarkets, food service operators and manufacturers, recently was purchased by Arbor Investments, a Chicago private equity firm.
Concord’s four divisions—Concord Foods, Oringer, Red-E-Made and Tempo—serve retailers, food manufacturers and food service establishments across the country. Concord’s retail division products include lemon and lime juice, caramel and chocolate dips, and smoothie and produce seasoning mixes that are primarily sold under the Concord Foods brand. The company’s ingredients division focuses on manufacturing beverage bases, confectionary fillings, toppings, variegates, caramels, baking mixes and a variety of breaders and batters for seafood and poultry.
Peter Neville, president and CEO of Concord Foods, said, “My family and our employees built Concord over the past 47 years into a highly successful, entrepreneurial and results-oriented family business. As we continue to execute on our proven formula for success and look to accelerate the company’s growth in the future, I believe Arbor is the ideal partner. Their knowledge and expertise in the food and beverage industry and demonstrated willingness to invest for growth will help us take advantage of Concord’s many opportunities for growth and expansion. There is a shared vision for Concord between our companies and we are excited to take Concord to the next level in our partnership with Arbor.”
Joseph Campolo, president of Arbor Investments, said, “Peter and his team will continue to run the company and the Neville family will retain a significant ownership stake going forward.”
Alan Weed, VP, added, “Concord has a great reputation in the food industry and is widely recognized for its superior product quality, best-in-class research and development capabilities and unparalleled customer service.”