RICHFIELD, Ohio -- Eagle Foods has acquired Popcorn, Indiana, a maker of ready-to-eat (RTE) popcorn products. Eagle is known primarily for its canned-milk brands such as Eagle, Magnolia, Pet and Milnot, and the acquisition is part of an effort to expand its snack portfolio.
Popcorn, Indiana joins Eagle’s other snack brands, G.H. Cretors Popcorn and Hi I’m Skinny veggie sticks, both acquired in 2016. The latest addition boosts Eagle’s profile in the fast-growing RTE popcorn category.
"Our acquisition of Popcorn, Indiana soundly demonstrates Eagle Foods' commitment to expanding our product offerings to best meet the needs of our customers and consumers," said Paul Smucker Wagstaff, CEO of Eagle Foods. "The Popcorn, Indiana brand is a strategic addition to our existing selection of RTE popcorn. We are excited to continue to grow the Eagle Brands platform both organically and through strategic acquisitions."
The popcorn maker, named after a real town in Indiana but based in Westport, Conn., offers classic flavors including Kettlecorn and Aged White Cheddar, along with two “indulgent” options: Dark Fudge Sea Salt Caramel Drizzlecorn and Black & White Drizzlecorn.
"We are thrilled to be part of the Eagle Foods family and excited to accelerate the achievement of Popcorn, Indiana's full growth potential," said Jared Konstanty, CEO of Popcorn, Indiana.
Richfield, Ohio-based Eagle Brands is majority owned by private-equity firm Kelso & Co. It was established in January 2016 after being purchased from The J.M. Smucker Co. by Kelso.
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