Golding Farms Foods, a Winston-Salem, North Carolina-based manufacturer of private label and branded sauce and condiment products, has acquired Arcobasso Foods Inc., a manufacturer of refrigerated dressings, sauces and beverage mixers.
Golding Farms says the acquisition will enhance its product offerings and capabilities in several high-growth categories and establishes a national manufacturing footprint to supply its regional and national customers with sauce and condiment private brand programs as well as branded products.
Financial terms of the transaction were not disclosed.
Founded in 1987 and based in Hazelwood, Missouri, Arcobasso offers its customers private label, branded and co-packed sauce and condiment products including salad dressings, hot sauces, wing sauces, BBQ sauces and drink mixers.
“Arcobasso Foods is a special company with longstanding relationships and commitments to customers, suppliers, employees and the St. Louis community,” said John Frostad, CEO of Golding Farms. “The addition of Arcobasso will meaningfully expand Golding Farms’ manufacturing footprint, creating a specialty sauce and condiment platform capable of serving customers in almost every geography and trade channel. We are pleased to welcome the Arcobasso team to Golding Farms.”
“I am very proud of our success and the growth we have experienced since my brother founded Arcobasso in 1987,” said Pat Newsham, president of Arcobasso Foods. “Our combination with Golding Farms will allow us to be a better strategic partner for our customers. I look forward to partnering with John Frostad and the rest of the Golding Farms team to help accelerate the continued growth of our combined business.”