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Sargento to acquire La Terra Fina for growth

PRIVATEJul 30, 202610 days ago

Acquiring Company

Sargento Foods

Acquired Company

La Terra Fina USA

PlymouthCaliforniaFood and BeverageFood And BeverageHospitalityFood ProcessingManufacturingFood and Beverage

Description

Sargento Foods has announced its agreement to acquire La Terra Fina, a leader in dairy-based dips and spreads, aiming to enhance growth through innovation. The acquisition will allow Sargento to enter the deli department of grocery retailers across the nation. The deal is expected to be finalized by the end of September. Both companies emphasize their shared cultural values and commitment to quality.

Company Information

Company

Sargento Foods

Location

Plymouth, Wisconsin, United States

About

With over 2,400 employees and net sales of $1.8 billion, Sargento Foods is a family-owned company that has been a leader in cheese for more than 70 years. Founded in 1953 in Plymouth, Wisconsin, Sargento is proud to be the company that successfully introduced America to pre-packaged sliced and shredded natural cheeses and cheese blends. Today, Sargento Foods is still based in Wisconsin, where they make and market amazing, high-quality shredded, sliced and snack natural cheese products, as well as ingredients. Company leadership lives to serve local communities and employees, whom they refer to as the Sargento Family. www.sargento.com SOURCE Sargento Foods

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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