The acquisition, for an undisclosed sum, is effective immediately
Mount Franklin Foods, manufacturer of confections, nut products, mints and culinary plant-based proteins has announced that it has acquired, through its affiliate, the assets and book of business from ARRO Food Processing Division, based in Hodgkins, Illinois, and ARRO Ingredients Division, headquartered in Chicago, IL.
The acquisition, for an undisclosed sum, is effective immediately. The new company will be named Element Food Solutions, LLC and will operate as an independent business unit under the Mount Franklin Foods parent organization.
Eloy Vallina, Owner & Chairman of the Board, Mount Franklin Foods said, “We are excited to bring Mount Franklin Foods’ demonstrated leadership and proven ability to grow and develop products and brands to an even broader segment of the foodservice industry. By adding the synergistic Element Food Solutions into the Mount Franklin portfolio, we will not only enhance our offerings but will be able to assist more customers in more categories and help them turn manufacturing challenges into successes.”
Mount Franklin Foods serves the retail and foodservice industries
Enrique Grajeda, President and CEO of Mount Franklin Foods said, “This acquisition and formation of Element Food Solutions supports our strategic growth strategy. The enhanced capabilities this new business unit brings will allow us to further assist our customers in developing innovative items for growing categories such as protein powders and healthier-for-you baking ingredients.”
Element Food Solutions will continue to operate out of the former ARRO locations.