California Company Acquires Reading-Based Lentz Milling
Posted: 2018-03-06 15:40:49 EST

LOS ANGELES - A California company has acquired a Reading-based distributor of food ingredients.

Platinum Equity, a Los Angeles-based investment firm, announced Thursday that it will merge Lentz Milling Company with JM Swank, an Iowa-based food distributor that Platinum acquired from ConAgra Foods in 2016.

Officials said the deal, terms of which were not disclosed, is a win-win for both companies.

"Lentz has been serving customers in the Mid-Atlantic and Northeast for over 75 years and has a well-earned reputation for quality service," said Shawn Meaney," JM Swank's CEO. "This will immediately expand our presence in the region and create a strong platform to grow."

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