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Flagstone Foods Acquired for $90M

Flagstone Foods Acquired for $90M


GREENWICH, CT
Thursday, August 8th, 2019

Flagstone Foods, previously a snack division of TreeHouse Foods, is now operating as its own company after being acquired by Atlas Holdings. Atlas also announced Flagstone Food’s new CEO, Robert Scalia, who previously spent 25 years in leadership roles at General Mills, Nabisco, Kraft Foods, and Hershey.

“There are very few opportunities in the food industry that offer a breadth of product offerings, dedicated team of associates, blue-chip customer base, strong community partners, and robust platform for growth. Flagstone Foods is such an opportunity, and I am excited to join the team as its CEO,” said Scalia in a press release. “With the strong foundation already in place, coupled with Atlas’ operational and financial resources, we are committed to providing the highest quality products, innovative new offerings, and unmatched service to our customers and channel partners. The sky is the limit for Flagstone and I can’t wait to get started.”

Flagstone will be operating as its own company with this acquisition by Atlas Holdings

As a manufacturer of private label healthy snacks in North America, Flagstone Foods has over 800 associates across plants in Robersonville, North Carolina; El Paso, Texas; and Dorthan, Alabama. Its headquarters will be in Minneapolis, Minnesota.

“We are very excited to partner with the strong team at Flagstone Foods, and to welcome Bob Scalia as our CEO,” said Michael Sher, Partner at Atlas Holdings. “Consumers are consistently choosing private label brands from grocers, clubs, and retailers they trust. Under Bob’s leadership, we believe Flagstone will build upon its already strong market presence and become the ‘go to’ healthy snacks company to meet that growing consumer demand.”

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Flagstone Foods
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