After the acquisition closes, KDP plans to separate into two independent, U.S.-listed publicly traded companies, creating a refreshment beverage company and a global coffee company.
The acquisition combines Foodynamics’ experience with Glacial Freeze Dry’s capacity and resources, delivering more adaptable, partner-centric contract manufacturing services for the freeze-dry market.
For the past two years, ANF has been in the process of transitioning certain production of Loma Linda’s products into Century Pacific’s operations, transferring equipment and dedicating resources.
The potential acquisition comes as part of the company's strategic growth plan to further invest in specialty ingredient capabilities and diversify its portfolio of solutions.
The acquisition includes the manufacturing, marketing and distribution of WK Kellogg Co's portfolio of breakfast cereals across the United States, Canada and the Caribbean.