IRVINE, Calif. - Golden State Foods (GSF) announced it has acquired KanPak China, a manufacturer to the quick service restaurant (QSR) industry, located in Xiantao City. The company is now 51 percent 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, 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."
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., and 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.
Learn more about these companies at goldenstatefoods.com and kan-pak.com.
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