Mars Food, a segment of Mars Incorporated, has announced that it is acquiring Preferred Brands International, a US-based manufacturer of Indian and Asian food products sold primarily under the Tasty Bite brand.
Tasty Bite’s product range includes ready-to-heat meal kits, organic rice and lentils, as well as vegetarian offerings. It will be added to the Mars Food portfolio, which includes prepared and dry rice and grains, sauces, meal kits and spices marketed under various brands.
While the majority of Tasty Bite’s sales are manufactured in India and generated in North America, Preferred Brands International also manufactures products that are sold through retailers in the UK and Australia and through foodservice in India.
"Tasty Bite's broad range of dinner time products, focused on Indian and Asian cuisines, makes it a natural complement to our existing portfolio," said Fiona Dawson, President of Mars Food Global.
"Tasty Bite is a fast growing Indian/Asian dinner time brand. Upon closing of the acquisition of Tasty Bite, Mars Food will expand our all-natural vegetarian offerings in the US, and leverage Tasty Bite's strong product development pipeline, flavour expertise, and strategic sourcing of quality ingredients throughout our portfolio."
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Larissa Zimmer. Click subscribe to sign up to ESM: The European Supermarket Magazine.