Uncategorised

Golden State announces joint venture acquisition of Groenz

US food processor and distributor, Golden State Foods, has acquired majority ownership of Groenz, a Wellington-based manufacturer of sauces, dressings, condiments and powders for the QSR and foodservice markets.

Fred Groen, managing director at Groenz, said the joint venture agreement will help the company to grow.

"The Groen family is very happy to have forged this partnership with Golden State Foods. From very small beginnings, in the 1970s, the company has grown to a point where we needed a substantial trade partner to further expand, and we found that partner with GSF," he said.

"With this new formed partnership Groenz will have the enhanced resources, market reach and product offerings to fully reach its potential and continue its commitment to the New Zealand economy as a whole."

 

Send this to a friend