PANOS (Premium, Authentic, Natural, Organic, and Specialty) brands LLC has acquired the salad dressings and condiments business of Tessemae’s LLC, according to a release from PANOS.
Tessemae’s will complement PANOS’ Walden Farms line of better-for-you salad dressings, the company said, and it is expected that Tessemae’s availability will expand through the acquisition.
Last February, Tessemae’s began a voluntary Chapter 11 filing to restructure its debts in response to litigation brought by a former lender of the company. The deal with PANOS was first revealed earlier this month in local news reports, and it was reported that the cost of the acquisition was $4.5 million.
PANOS is a consumer food products company that manages a portfolio of shelf-stable and perishable specialty food brands across multiple categories and channels, found at most natural, specialty and traditional grocery stores across the U.S.