Grand Rapids, Mich.-based private label snack foods manufacturer Cheeze Kurls LLC dba CK Snacks, has acquired private label snack foods peer Axium Foods Inc. in Illinois. Axium specializes in tortilla chips, corn chips, extruded snacks and pellet snacks, and the announcement from CK Snacks said the deal strengthens its portfolio.
Axium Foods, which was founded in 1960, produces those items for private label customers, and the acquisition enables CK Snacks to diversify its offerings and expand its market reach, it said.
“Axium Foods’ expertise in tortilla chip and snack production will complement our existing product lines, enabling us to offer an even broader range of snacks,” said Jamie Colbourne, CEO of CK Snacks. “This acquisition marks a pivotal moment in our growth strategy, and we look forward to working together to deliver innovative, high-quality products to our customers.”
Both companies will continue to operate from their current locations, the release noted. CK Snacks was acquired by Nexus Capital Management from Kilroy Partners in June with the expectation of spurring growth, and this appears to be the first major step in that strategy.
