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QualiTech Acquires Ellison Bakery to Expand Specialty Ingredient Solutions
Slice of Manufacturing Team
August 23, 2024
Key Highlights:
QualiTech acquires Ellison Bakery, enhancing its platform with new product capabilities.
Ellison's bakery products complement QualiTech’s ingredient solutions, driving future growth.
MidOcean Partners supports the acquisition, marking a strategic move following their 2023 investment.
Source (Business Wire)
Notable Quotes:
"Bringing Ellison into the QualiTech family will be beneficial for both companies as well as our customers. Both organizations have rich legacies of bespoke R&D, differentiated customer service, and superior product quality."
"We are excited to partner with QualiTech and to leverage MidOcean’s resources and expertise in the food business to drive success for the combined company."
"The transformational combination of these two businesses... reinforces QualiTech’s position as a differentiated ingredients platform."
Our Take:
This strategic acquisition by QualiTech is a significant move in the highly competitive food ingredient market. By integrating Ellison Bakery’s products into its existing portfolio, QualiTech not only broadens its offerings but also strengthens its position as a leader in specialty ingredients. The support from MidOcean Partners further emphasizes the growth potential of this combined entity, making it a formidable player in both the retail and foodservice markets. As the demand for customized ingredient solutions continues to rise, QualiTech is well-positioned to capitalize on new opportunities and expand its market presence.