Vermont Village sells organic applesauce and apple cider vinegar brands to Stonewall Kitchen
Stonewall Kitchen, a US-based specialty food producer, has agreed to acquire the Vermont Village brand of organic applesauce and apple cider vinegar products.
Vermont Village brand’s applesauce and vinegar products are said to be complementary to Stonewall Kitchen’s current offerings of premium specialty foods.
John Stiker – CEO, Stonewall Kitchen said: “Our goal is to establish a leading premium branded specialty food platform, and we believe that Vermont Village will be a critical part of realizing on that vision.
“By leveraging our sales and marketing expertise, product development capabilities and other corporate support functions, we will drive exceptional growth of both brands while maintaining our commitment to superior quality products.
“We look forward to working alongside Vermont Village to accelerate our mutual growth.”
The companies have not divulged the financial details of the transaction, which is anticipated to be completed in September 2019.
Joseph Sheperd – owner, Village Cannery of Vermont said: “Since the start of Vermont Village, our mission has always been to produce healthy, accessible food while spreading the spirit of New England.
“We can’t imagine a better company to partner with to continue growing that mission.”
A few weeks back, Stonewall Kitchen has received funding from US-based investor Audax Private Equity, which acquired a controlling stake in the company.
Based in York, Maine, US, Stonewall Kitchen today produces a wide range of food and gift items such as jam, chutney, jellies, grill sauce, cooking oil and mustard, and sells in 42 countries.
Vermont Village brand is specialized in organic applesauce, and has recently added a line of raw and organic apple cider vinegars for a variety of applications from culinary ingredients, to body care, to daily health shots, to cocktails.
The company sells its products in more than 10,000 retail stores nationwide.