Premier Healthy Snacking Solutions Provider
Expands with Leading National Brand
MINNEAPOLIS,
May 30,
2023 /PRNewswire/ -- Flagstone Foods ("Flagstone"),
one of the largest manufacturers and distributors of private label
snack nuts and trail mixes in North
America, announced today that it has acquired Emerald Nuts
("Emerald") from Campbell Soup Company (NYSE: CPB), adding one of
the leading snack nut brands in the
United States to Flagstone's portfolio. Over its almost
20-year history, Emerald has built a reputation for quality and
innovation, known for items such as grab-and-go 100 calorie packs
and assorted glazed nut products.
As a leading healthy snack manufacturer,
Flagstone operates three plants, located in Robersonville, North Carolina; El Paso, Texas; and Dothan, Alabama. Flagstone's more than 800
team members source, process, package and distribute nuts, trail
mixes, and other wholesome snacks to premier retail customers
across the country. The company was acquired by Atlas Holdings in
2019 and in late 2022 hired CEO Harry
Overly to accelerate the company's growth as a snacking
solutions provider.
"Flagstone Foods has long been trusted by the
nation's premier retailers to provide the highest quality snacks.
Emerald has been providing high-quality branded snack nuts since
2004 and is now the go-to option for consumers seeking
better-for-you snacking on the go. Adding Emerald Nuts to our
portfolio establishes a new avenue for Flagstone to service our
customers with innovative snack products and unites two industry
leaders with a shared commitment to the highest levels of product
quality and innovation. Our Flagstone team is excited to welcome
Emerald as a transformative acquisition to our portfolio and we're
looking forward to continuing to drive growth for both Flagstone
and our retail partners," said Harry
Overly, Chief Executive Officer of Flagstone Foods.
Willkie Farr &
Gallagher LLP served as legal advisor and Piper Sandler & Co. served as financial
advisor to Flagstone.
About Flagstone Foods
Flagstone Foods is a premier manufacturer of
snack nuts, culinary nuts, trail mixes and other nut-based snacks
servicing the nation's top retailers in the club, mass, grocery,
drug, limited assortment and convenience channels. The company is a
leading private label manufacturer and produces nut products under
the Emerald Nuts brand, which has been a recognized leader in
innovative, high-quality nut snacks since 2004. The company also
manufactures ingredients for commercial use, provides contract
manufacturing services to branded food companies and offers a wide
array of value-added services including consumer insights, global
sourcing and commodity advising and product development.
For more information, visit: flagstonefoods.com and
emeraldnuts.com.
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SOURCE Flagstone Foods