US-based holding company PPC Partners has acquired food manufacturer CH Guenther & Son (CHG) for an undisclosed amount.
Headquartered in Texas, CHG manufactures and distributes private label food products for the foodservice industry, quick serve restaurants and retail customers worldwide.
CHG manufactures a range of grain-based and seasoning products such as artisan breads, rolls, biscuits, buns, frozen appetisers, spices, gravy mixes and desserts.
The company currently operates 19 food manufacturing locations in the US, Canada and Western Europe.
CHG CEO Dale Tremblay said: “For over 166 years, CH Guenther has provided innovative products with excellent customer service to leading global customers.
“We are delighted to partner with a group such as PPC Partners that shares our values and commitment to employees, customers and suppliers.”
After the completion of the transaction, CHG will continue to operate headquarters and its technical service centre in San Antonio, Texas.
Co-investors and management of PPC Partners, who led the transaction, will continue to lead the company.
PPC Partners chairman and CEO Tony Pritzker said: “CHG is a clear market leader with an outstanding management team.
“Combining our flexible capital base and industry knowledge with this management team will enable the company to generate new opportunities for growth while continuing the family legacy.”
Brands offered by the food manufacturing company include Pioneer gravies, seasonings and baking products, Cuisine Adventure frozen appetisers and snack products, Morrison mixes, Tribeca artisan bread and White Wings tortilla mixes.