Hochland of Germany acquires U.S. cream cheese maker Franklin Foods
Hochland SE is a 90-year-old family owned business with 10 production sites. Franklin has two plants.
U.S. dairy processor Franklin Foods Holdings, a leading cream cheese maker, has been sold to Hochland SE, a privately held cheese company based in Bavaria, Germany. Terms were not disclosed.
Jon Gutknecht, a partner and the president and CEO of Franklin Foods, based in Delray Beach, Fla., will continue to lead Franklin and maintain an interest in the new venture.