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Lakeside Foods to acquire vegetable innovation company Good Eats Food

FBR Staff Writer Published 13 June 2018

Lakeside Foods, a US frozen and canned foods manufacturer, has agreed to acquire Good Eats Food, an Arkansas-based vegetable innovation company, for an undisclosed price.

Founded in 2015, Good Eats Food offers its vegetable products under the SER!OUS Bean and Ruthie’s Twisted Harvest brands.

Some of the products under the SER!OUS Bean range of canned beans include Dr Pepper Sweet & A Bit Sassy, Buckin’ Buffalo, Chipotle Tomato and Cracked Pepper. The Ruthie’s Twisted Harvest brands is a frozen vegetable product range featuring products such as Mexican Street Corn, Sweet Potato Smashers and Cauli Smashers mashed cauliflower.

Lakeside expects the acquisition of Good Eats Food to immediately grow its product offering and to broaden and speed up development of new products.

Lakeside Foods president and CEO Glen Tellock said: “Innovation is the cornerstone of our strategy.  Consumer preferences, and therefore customer needs, are evolving faster than ever.

“Good Eats injects a shot of entrepreneurial spirit into Lakeside which will help us more quickly advance around this key strategic priority. Lakeside, on the other hand, provides the needed scale for SER!OUS Bean Co and Ruthie’s Twisted Harvest to efficiently expand. Ultimately, our customers win.”

Post-acquisition, Good Eats will be operated as a division of Lakeside. Its co-founders, Matt Brown and Trey Taylor will join Lakeside to head its sales and innovation efforts.

According to Brown and Taylor, the combination of Lakeside’s expertise across sourcing, product development, manufacturing and logistics will enable Good Eats to focus more attention on trends, consumer insights and the development of new innovative products.

Headquartered in Wisconsin, Lakeside Foods supplies private branded frozen and canned vegetables, frozen meal solutions and other products to the retail, foodservice and industrial segments across 14 countries.

In April, the company acquired Riverside Foods, a producer of cheese appetizers, specialty frozen vegetable and seafood products for an undisclosed price.

Lakeside Foods, which has been in business for over 130 years, boasts of 13 manufacturing plants, which produce canned and frozen vegetables, frozen desserts and appetizers and also canned pet food.

In February, the company announced an expansion project at its packaging facility at Manitowoc, Wisconsin, with an investment of more than $40m to facilitate an expanded frozen warehouse and increased space for its refrigerated packaging.

Image: Aerial view of Lakeside Foods Manitowoc Distribution Center. Photo: courtesy of Lakeside Foods Inc.