BREA, CA, February 1, 2016 — Ventura Foods - a leading US-based manufacturer of custom and branded sauces, dressings and food oils - announced that it has completed the acquisition of the sauces and condiments business of Canadian-based Wing’s Foods. The newly acquired business will become Ventura Food's Canada and operate as a wholly-owned subsidiary. Wing’s Asian Heritage business, including their Noodle, Wrap and Cookie business, is not part of the acquisition and will continue to operate as Wing’s Food Products and retain the Wing’s Brand.
The acquisition of Wing’s puts Ventura Foods closer to Canadian customers, enhances the company’s expertise in the sweet sauce and liquid product categories, adding greater depth to both companies’ offerings.
“Wing’s is a great strategic fit for Ventura Foods,” said President and CEO Chris Furman. “Both companies are customer-focused with similar cultures and capabilities, as well as complementary products.”
Jamie D’Agosta, most recently SVP of Retail at Ventura Foods, has been named Senior Vice President and General Manager of Ventura Food's Canada. The current Wing’s sauces and condiments senior management team will remain in place.
“We expect to continue the great tradition and standard that Wing’s has set in Canada as we continue our strategy of growth through diversified product offerings that puts our customers’ needs first,” said Furman. “We are particularly excited to welcome the talented and experienced Wing’s employees, with their heritage of exceptional service and industry-leading innovation, to the Ventura Foods family.”
About Ventura Foods
Ventura Foods is a leading manufacturer of oils & shortenings, margarines & butter blends, mayonnaises and dressing & sauces for foodservice, retail and ingredient customers. The company, a privately held joint venture of CHS, Inc. and Mitsui & Co. with ~$3 billion in annual revenue, has grown significantly over the past five years. Ventura Food’s vision is to be the “custom big best” food solutions company to fulfill its mission of “helping our customers delight their customers.”
About Wing’s Food Products
Wing’s Food Products is a family business founded in 1953 that began supplying Noodles, Wraps and Sauces to the Asian Restaurant Industry, and has grown to become a major Canadian manufacturer of Condiments, Sauces and Dressings.