American food ingredients manufacturer Parker Food Group was acquired by an affiliate of Investindustrial.

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Image courtesy of Parker Food Group

The Riverside Company sold American food ingredients manufacturer Parker Food Group (PFG) to an investment firm indirectly held by Investindustrial VII L.P., the new owner announced Thursday.

PFG produces baked inclusions, toppings, and other specialty, value-added ingredients for industrial branded B2C, food service, and industrial B2B customers in North America. The Fort Worth, TX-based company currently has a staff of 370 workers and operates production sites in Missouri, New York, and Texas.

“Our extensive experience in the food ingredients sector and our track record of growing our portfolio companies, makes us the perfect steward for a new, exciting and more global chapter in PFG’s development. We are building an Ingredient- Tech platform with the vision to create unique and innovative solutions for the food industry,” Andrea C. Bonomi, Chairman of Investindustrial’s Industrial Advisory Board, said in a release.

PFG will join Investindustrial’s existing group of food ingredients companies, including CSM Ingredients, Hi-Food, and Italcanditi.

About the Author(s)

Powder Bulk Solids Staff

Established in 1983, Powder & Bulk Solids (PBS) serves industries that process, handle, and package dry particulate matter, including the food, chemical, and pharmaceutical markets.

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