The sale includes four manufacturing facilities located in Bakersfield, California; Hazleton, Pennsylvania; Montreal, Quebec Canada; and Vinita, Oklahoma, and will significantly increase Pennant Foods’ production capacity for some of its core focus product lines.
“The addition of these capabilities will greatly enhance Pennant’s ability to serve the growing needs of our key customers, as well as open new markets to the Company”, says Jim Clough, president of Pennant Foods.
“Our objective is to build on and broaden the products and services we provide to our customers in the global bakery products market,” says Craig Olson, president and CEO of Fresh Start Bakeries. “Pennant has been a strong and reliable performer for Fresh Start and I am confident that the synergies of this acquisition will both solidify and grow the value we provide to our customers.”
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