American Pasteurization Company (APC) has acquired FreshCo Foods, a Milwaukee-based, end-to-end co-manufacturer of premium and speciality food products.
Financial details of the deal have not been disclosed.
FreshCo has been renamed APC Manufacturing, a portfolio company of APC, as part of the deal.
Founded in 2017, APC Manufacturing has three CIA-trained chefs who work with clients on product development – right from concept creation and testing to packaging development and production.
American Pasteurization Company co-founder and CEO Justin Segel said: “APC Manufacturing was originally established as a stand-alone company to provide co-packing services to clients of APC. Its rapid growth has required an infusion of capital that’s best delivered by APC.
“APC Manufacturing operates in the same building as APC, so it’s been an easy ownership transition.”
The portfolio company manufactures a wide range of products including hummus, fresh salsa and pico de gallo, salad dressing, baby food, macaroni and cheese, soups and stews, mashed potatoes and potato sides, stuffing, pasta salads, fresh salads such as tuna and chicken, sauces and marinades, and pesto and marinara.
It is also capable of co-packing guacamole and avocado-based products, fresh pasta and cooked pasta dishes, legume and bean dishes, grain and rice dishes, coleslaw and a variety of fresh dips.
Segel added: “APC Manufacturing clients can take advantage of a full-service, turnkey process that provides co-packing and timely HPP services within the same facility.
“Having manufacturing and HPP under one roof allows products to get into HPP faster, ensures the cold chain is maintained and eliminates an additional freight cost.”
