Bonduelle agrees to buy Ready Pac Foods

French vegetable company Bonduelle has agreed to acquire Ready Pac Foods, a US-based company that offers single-serve salad bowls.

Financial details of the transaction have not been disclosed by either company.

Based in California, Ready Pac Foods also offers fresh-cut produce, packaged salads, fresh-cut fruits, and mixed vegetables to retail and foodservice customers.

It has four production facilities in the US and a workforce of nearly 3,500 full-time employees.

Established in 1853, Bonduelle has been supplying its vegetables to nearly 100 countries under various brand names, distribution channels and technologies

Bonduelle’s explains that this acquisition is in line with its strategic ambition of VegeGo! 2025 ‘the world reference in ‘well living’ through vegetable products’.  It also anticipates that it will also enhance its global presence.

With this acquisition, the company intends to enhance its business in the consumer convenience and healthy food segments, as well as fresh prepared vegetables.

The transaction is also expected to provide new opportunities to Ready Pac Foods business partners and deliver significant value to Bonduelle’s shareholders. Ready Pac Foods has a wide customer base in the US and generates $800m of revenue.