Golden State Foods acquires KanPak China
IRVINE, Calif. — Golden State Foods, one of the largest diversified food processors and distributors in the U.S., has acquired KanPak China, a manufacturer to the quick service restaurant (QSR) industry.
The company is now the 51 percent majority owner of KanPak China.
"We are thrilled about our partnership with KanPak, a very professional company with a solid team in China," said Mark Wetterau, chairman and CEO of Golden State Foods. "This acquisition is part of our company''s strategy to meet the needs of fast-growing international markets. We are especially looking forward to building our local manufacturing capabilities in China to serve our customers in that region. KanPak has an excellent facility there, providing opportunities to produce a full-range of products."
Initially, GSF plans to produce portion control liquid products such as ketchup, sauces, dressings and syrups for customers in the QSR industry, beginning in 2013. The company is currently one of the largest producers of portion control liquid products in the U.S. It also produces meat products, produce, bakery and bulk- packaged liquid products and provides full-line distribution services to the industry.
KanPak currently produces a variety of dairy-based products such as smoothies, ice cream, coffees, creamers, frozen desserts and specialty beverages for the QSR and retail industries. Wetterau says that the partnership will be "complementary," enabling both companies to "round out" their offerings.