Boonton, New Jersey-based Actual Meals From the Floor Up confirmed to Simply Meals the corporate had acquired Meals Ought to Style Good from the US meals big, which acquired the non-GMO snacks agency in 2012. Nonetheless, it declined to remark additional on the transaction.
The corporate additionally carries non-GMO credentials, producing plant-based snacks resembling tortilla chips, crackers and pretzels incorporating cauliflower, butternut squash and purple carrot.
Meals Ought to Style Good was based in 2006 by Peter Lescoe. Based mostly in Minneapolis, Minnesota, the corporate manufactures tortilla chips constituted of corn, multi-grains and black beans in quite a lot of flavours.
Tortilla chips are the second-largest savoury snacks class in North America throughout the processed snacks sub-segment after so-called extruded snacks, in accordance with London-based GlobalData plc.
Within the knowledge compiled by Simply Meals’s dad or mum firm, processed snacks embody tortilla chips, corn crisps, pork rinds and extruded snacks.
Tortilla chip gross sales in North America had been valued at US$9bn in 2021. Extruded snacks amounted to $10.5bn, effectively forward of $1.7bn in gross sales of corn crisps and $828m in pork rinds.
The marketplace for processed snacks within the area was estimated to achieve nearly $24bn in 2022.
Chelcy Walker, a spokesperson for Common Mills, stated the disposal of Meals Ought to Style Good is a part of the enterprise’ Speed up technique, emphasising no jobs can be affected by the disposal.
The challenge was launched nearly two years in the past in February 2021 and was geared towards accelerating Common Mills’ natural development centered on classes resembling ice cream, Mexican meals, breakfast cereal, pet meals and snack bars.
Walker stated in a quick assertion that the Previous El Paso model proprietor accomplished the divestiture of Meals Ought to Style Good on 3 January.
She added: “Per our Speed up technique, Common Mills is reshaping its portfolio. This sale is to the appropriate purchaser with clear experience within the tortilla chip enterprise. There shall be no job loss as a part of this divestiture, and no workers shall be transitioning to the client.”