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Sugar Foods Acquires Concord Foods; Andrea Brule and Robin Galloway Comment

Sugar Foods Acquires Concord Foods; Andrea Brule and Robin Galloway Comment


WESTLAKE, CA
Thursday, March 7th, 2024

News of an impactful deal has hit the wires as Sugar Foods announced that it acquired Concord Foods. Through this strategic transaction, Sugar Foods will be positioned to deliver enhanced innovations and an expanded suite of services to its partners.

Andrea Brule, President, Sugar Foods“Today marks a pivotal moment in Sugar Foods’ growth journey,” said Andrea Brule, President of Sugar Foods. “Concord and Sugar Foods share a long and successful history of customer-led innovation and service, and, with our complementary capabilities, I am confident that, together, we will maximize customer value and unlock new growth opportunities. This transaction combines the best of both organizations, and I look forward to welcoming the talented Brockton team to our Sugar Foods family.”

The acquisition adds Concord’s 255,000-square-foot, state-of-the-art Brockton, Massachusetts, facility to Sugar Foods’ North American operational footprint, which will play an integral role in the company’s future growth plans. Sugar Foods also acquired Concord’s brands as part of the transaction, including Concord Fresh Success, Simply Concord, Italia Garden, Oringer, and RedEMade. Concord Foods was previously owned by Arbor Investments, its founders, and management.

Through this strategic transaction, Sugar Foods will be positioned to deliver enhanced innovations and an expanded suite of services to its partners

This transaction creates new market development opportunities within each of Sugar Foods’ business segments, including its Fresh Gourmet division. Sugar Foods’ foodservice distributor and chain customers will benefit from a combined network with enhanced capabilities that will fuel innovation, increase speed to market, improve customer service, and drive relevance with new menu offerings and improved marketing programs. Sugar Foods’ retail customers will benefit from simplified logistics and vendor management, enhanced merchandising, and marketing across ancillary produce categories.

Robin Galloway, Chief Executive Officer, Concord Foods“I have long admired Sugar Foods for its diverse product categories, customer-led culture, and deep commitment to quality and service,” said Robin Galloway, Chief Executive Officer of Concord Foods. “The Concord team is thrilled to begin its next chapter with Sugar Foods and looks forward to executing on the robust pipeline of growth opportunities ahead. I am confident that together we will be an even stronger food and ingredients provider with a broader set of capabilities to better meet customers’ needs.”

Terms of the acquisition were not disclosed.

To read more about this deal, click here.

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