Saco Foods Acquires Solo Foods, Days after its Own PE Acquisition
Saco Foods LLC, a branded, niche market food products company that itself was just acquired by Fengate Private Equity, has announced the acquisition of Solo Foods LLC from Chicago-based food ingredients manufacturer Sokol & Co. Solo Foods produces specialty baking ingredients for the retail market.
Shannon Pimmel, formerly national sales manager for Sokol & Co., joins Saco to grow the Solo brand under Saco’s ownership. Solo brings nearly 100 years of history in the specialty baking ingredient space and offers cake and pastry fruit fillings, almond paste, and marzipan, sold in the center-store baking aisle in traditional supermarkets and mass retailers in the U.S.
“I am thrilled to bring this honored, legacy brand into our family of unique products. Solo’s products are a perfect tuck-in to the Saco Pantry’s center-store baking line,” said Tom Walzer, CEO of Saco Foods. The acquisition will be seamless to the customer base, the company said, given the significant customer overlap and location in the center-store bakery aisle.
Saco Foods, headquartered in Middleton, Wis., just changed hands from one private-equity owner to another, landing with Fengate Private Equity, earlier this week.
