Fairfield Gourmet Foods, the US group behind the David’s Cookies business, has snapped up a local peer to “solidify” its position in bakery and pastry products.
The deal, struck for an undisclosed sum, sees Fairfield Gourmet Foods add a company that manufactures products including brownies, cookie dough and pies to its portfolio.
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Foxtail Foods operates a 120,000 sq ft facility in Fairfield, Ohio. Fairfield Gourmet Foods said its new asset will continue production at the site.
David’s Cookies has two production facilities in New Jersey and one in Floria. Fairfield Gourmet Foods said that manufacturing “will enhance Foxtail Foods production capacity and give “customers greater flexibility and product variety”.
The set-to-be new owner of Foxtail Foods said the business would “further solidify Fairfield Gourmet Foods’ position as a one-stop-shop for bakery and pastry items in the foodservice, in-store bakery, frozen grocery and convenience-store segments”.
Ari Margulies, president of David’s Cookies, said: “Pies will make a great addition to our already well-rounded portfolio. We are especially excited to provide our customers with the ability to offer their patrons freshly baked pies in addition to freshly baked cookies. David’s Cookies is committed to the continued expansion and upgrade of Foxtail Foods state-of-the-art manufacturing facility.”
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By GlobalDataThe acquisition is expected to close by the end of October.
