US-based food technology company Aseptia has completed the sale of Carolina Dairy and Wright Foods to a new subsidiary of AmeriQual Group Holdings.
The sale involves transfer of assets of Carolina Dairy yogurt plant in Biscoe, North Carolina and Wight Foods in Troy, North Carolina to the newly-formed subsidiary. The deal was finalized in late February this year.
The deal also includes a long-term licensing to use Aseptia's patented technologies of AseptiWave and AseptiSense.
These technologies are used to process and validate an array of aseptic foods, thereby intending to reduce supply chain costs and eliminating the need for cold storage.
Aseptia president and CEO David Clark said: "The sale of our manufacturing operations will allow us to concentrate entirely on expanding the adoption of our technologies around the world.
"We are launching an exciting relationship with AmeriQual that offers tremendous potential for both companies.
"They are market leaders in food processing and packaging, and the facilities and capabilities that we had at Wright Foods and Carolina Dairy are a great fit for them. We believe that AmeriQual is the ideal owner to continue the strong growth that we experienced in those businesses.
"By combining Aseptia's proprietary food technologies with AmeriQual's market leading process expertise, we believe that innovative and transformative aseptic products will be brought to market in the very near term."
AmeriQual Group Holdings president said: "By expanding our manufacturing capabilities and employing Aseptia's aseptic preservation technologies, we will be able to bring unique, better products to our customers.
"Acquiring the Carolina Dairy facility is also a very logical extension of our pouch manufacturing expertise into the yogurt category. We are excited about the opportunities that this transaction affords us."
Aseptia develops technology for food products preservation and to maintain freshness, flavors, nutrients and superior taste without the use of additives or the need for refrigeration.