Acqusitions

Wise Foods to be sold to Arca Continental

Salty snack maker had been owned by Palladium Equity Partners since 2000

December 18, 2012

Palladium Equity Partners announced an agreement to sell Wise Foods to Arca Continental. The terms of the sale have not been made public. Wise Foods sells salty snacks under the Wise, Cheez Doodles and Moore’s brands. The company is headquartered in Berwick, PA and has around 850 employees. Current CEO Michael Scott and the rest of the leadership team will remain in place. Arca Continental, the second largest bottler in Latin America, produces, distributes and sells non-alcoholic beverages under The Coca-Cola Company brand.

Shane O’Halloran joined Food Engineering in November of 2012 as Digital/Online Editor. He graduated from Oberlin College in 2010, and worked as a copy editor and contributor to BleacherReport.com and ShesGameSports.com. He has also written feature articles on a freelance basis for publications in the western suburbs of Philadelphia. His areas of expertise include social media campaigns and website management. Shane produces daily news updates for www.foodengineeringmag.com and Food Engineering’s social media sites. In addition, Shane writes news articles for FE’s TechFlash e-newsletter and Food Engineering’s People and Industry section.