Kepak Group has announced the acquisition of Summit Foods, the producer of the Snacksters, East St Deli and Snax on the Go chilled and frozen brands.
The supplier said the move strengthens its position in the food to go and micro-snacking market, worth £6.8bn in the UK.
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Summit Foods has annual revenues of £24m. It will continue to operate from its current Preston base, with no immediate changes to its operations, branding, or customer offerings. The leadership team from Summit will remain in place for a six-month transition period to facilitate a smooth transition.
Commenting on the acquisition, Brian Farrell, CEO of Kepak Foods (pictured), said: “We are pleased to welcome Summit Foods to the Kepak Group. This acquisition aligns with our growth strategy, developing our presence in the UK convenience and out-of-home food channels. Summit’s portfolio of fresher for longer sandwiches, chilled and frozen meals & snacks complements our existing micro snacking offerings and allows us to deepen our presence across these markets.”
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