Frostkrone Group Acquires US-Based Rite Stuff Foods
Finger-food expert Frostkrone Group has acquired Idaho-based potato snack-maker Rite Stuff Foods, Inc.
The move will help the snacking giant to expand its product offering in the American market, it noted in a statement.
'Excellent Business Contacts'
The managing partner of the Frostkrone Group, Frédéric Dervieux, said, "With Rite Stuff Foods, we can add a company to our group which has excellent business contacts in the USA.
"We have maintained good business relationships with the USA for several years already. Having a company location directly on the spot was the logical consequence of developments and discussions with trade partners."
In 2018, the Frostkrone Group acquired the French companies Piz'wich and Varenne Gastronomie.
'The Next Step'
Dr Christian Näther, a senior partner of EMERAM Capital Partners GmbH and a major investor in the Frostkrone Group, said, "Having strengthened Frostkrone’s European position in the past two years, the expansion to the USA is now the next step to further implement the company’s growth strategy.
"We are convinced that Rite Stuff Foods, with its successful history and its roots in the USA, will be a strong platform, not only to supply our existing customers in the USA with Frostkrone’s diverse product innovations, but also to tap into new local customer potential."
A Wide Range Of Products
Rite Stuff Foods, Inc. was founded in 1989 by Thomas J Madden and offers a wide range of potato-based snacks.
These include baked and filled potatoes, filled potato skins, potato wedges in different flavours, and potato pancakes, rollers and hearts.
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