Twin City Foods, Smith Frozen Foods Sign Merger Agreement
Frozen foods companies Twin City Foods Inc. and Smith Frozen Foods Inc. have signed an agreement to merge, with terms of the deal still being finalized, according to a release distributed by Twin City Foods.
The new parent company will be named TCF Holdings Inc., and according to the release, the partnership represents a strategic alignment of resources and capabilities to meet demand and support local farmers.
Twin City Foods, which is headquartered in Stanwood, Wash., has been in business providing quick-frozen vegetables to the consumer markets for more than 80 years. According to its Web site, it owns three processing plants in Washington and Michigan, as well as four cold storage facilities with combined storage capacities of roughly 137 million pounds of frozen vegetables.
Smith Frozen Foods was founded in 1919 by Albert Smith and eventually purchased by Gordon and Sharon Smith. Today, the Weston, Ore.-based processor specializes in frozen peas, corn, carrots and lima beans.
The merger is expected to close in the second quarter of 2024.
About the Author
Andy Hanacek
Senior Editor
Andy Hanacek has covered meat, poultry, bakery and snack foods as a B2B editor for nearly 20 years, and has toured hundreds of processing plants and food companies, sharing stories of innovation and technological advancement throughout the food supply chain. In 2018, he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs, and he has brought home additional awards from Folio and ASBPE over the years. In addition, Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety, a food safety software and consulting company.