Richfield, OH — Eagle Family Foods, LLC has closed its acquisition of Popcorn, Indiana. The purchasing firm reports the move is part of its continued efforts to increase its snack portfolio.
“Our acquisition of Popcorn, Indiana soundly demonstrates Eagle Foods’ commitment to expanding our product offerings to best meet the needs of our customers and consumers,” says Paul Smucker Wagstaff, CEO. “The Popcorn, Indiana brand is a strategic addition to our existing selection of ready-to-eat (RTE) popcorn.”
The deal complements Eagle Foods’ G.H. Creators brand as well as its private label offerings, the company reports. It also increases the acquiring firms role in the RTE popcorn market, which has been growing five to six percent annually, according to Eagle Foods.