Ready Pac Foods Wants To Be Big Food's Next Acquisition
March 25, 2016 | 1 min to read
Single-serve salad maker Ready Pac Foods Inc., which had sales of about $677 million last year, will start shopping itself to large packaged-food companies in the next two years, according to Chief Executive Officer Tony Sarsam.
The company, owned by private equity firm H.I.G. Capital, would be a logical target for a U.S. food company looking to expand its presence in the perimeter of grocery stores, where shoppers have flocked in recent years in search of fresher, healthier products, Sarsam said in an interview on Tuesday.
“We solve a lot of problems for consumers looking for healthy meals,” Sarsam said. “That’s a horse we can ride.”
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