Vita Specialty Foods, a producer of honey and salad dressings, has been purchased by SVB Foods, a fellow American company.
SVB Foods, headquartered in West Virginia, operates as a contract manufacturer specializing in the production of condiments such as salad dressings, marinades, and sauces. Additionally, the company provides packaging materials.
Located in Virginia, Vita Specialty Foods offers a range of food products through licensing agreements and private label arrangements. The company also features its own brands, with one notable example being Vidalia Onion Vinaigrette.
SVB Acquires Virginia’s Vita Specialty Foods!
SVB Foods acquired Vita Specialty Foods from Vita Food Products, a seafood company based in Chicago, in a transaction with an undisclosed value.
Terry Hess, CEO of SVB Foods, said, “We are truly excited about the acquisition of Vita Specialty Foods. This opportunity allows SVB Foods to respond more effectively to market trends and consumer preferences. Our mission is to provide quality products at a fair price and to do the right thing for our customers, our employees, and our communities.”
The acquisition allows for the expansion of their private labeling and licensing initiatives.
Vita Specialty Foods came into existence in 2002 as a subsidiary of Vita Food Products, established to accommodate the acquisitions of Virginia Honey Company and The Halifax Group, which operated under the name Oak Hill Farms.
Following the acquisition, SVB Foods has confirmed that Virginia will maintain its reputation as a “trusted brand of honey and salad dressings,” and Oak Hill Farms will continue to offer a variety of dressings, dips, and marinades.
Try more news: Pret A Manger teams up with Dallas International to revamp US store formats!
SVB Foods, which has been offering contract packaging services to Vita Specialty Foods since 2012, operates a 70,000 square-foot food manufacturing facility in West Virginia.
The previous owner of the acquired business, Vita Foods, can trace its roots back to 1898. The company markets its seafood products under the brands Vita, Elf, and Grand Isle.
It underwent an initial public offering (IPO) in 1997 before returning to private ownership in 2009. The company was formerly under the ownership of Dean Foods.