Kettle Cuisine announced the acquisition of Portland, Oregon-based custom food manufacturer Harry’s Fresh Foods. The transaction will reportedly make “ the only coast-to-coast fresh soup producer,” strengthening the private equity firm-owned company’s leadership in the category.
“Harry’s is a great business and a welcome addition to Kettle Cuisine,” said Liam McClennon, CEO of Kettle Cuisine, in a press release. “Its strong reputation in the marketplace reflects its high-caliber team members, customer relationships, and premium product portfolio, all of which fit seamlessly into Kettle’s growth strategy. Kettle remains committed to its culinary roots of artisan, clean label food while providing our customers and consumers with the highest levels of food safety, customer service, and the efficiencies of scale production. Acquiring Harry’s will bring an expanded manufacturing footprint to Kettle Cuisine and further enhance our ability to deliver on that promise.”
Kainos Capital, Kettle Cuisine’s parent company, first acquired Kettle Cuisine in 2015. Since then, the company has invested more than $300 million to acquire and integrate complementary businesses, expand cooking capacity, add high-speed filling and packaging equipment, and expand its “from-scratch” bone broth capabilities—a hallmark, the company noted in its press release, of the Kettle Cuisine brand.
“When Kainos acquired Kettle, we embarked on a strategy to expand Kettle from a regional fresh soup provider to a category leader capable of serving an increasingly national customer base.” Dan Hopkin, Partner at Kainos Capital, added, “The addition of Harry’s—together with prior acquisitions and investments in the areas of production capacity, product extensions, and automation—are all in line with this strategy. Kainos will continue to support additional opportunities to invest behind Kettle Cuisine’s growth strategy going forward.”
Will this latest acquisition give the soup, sauce, and specialty food brand the capability to grow to even greater prominence? Deli Market News will continue to report.