Parker Food Group acquires new manufacturing facility
The company expanded its production capacity with the acquisition of the Mexico, Mo.-based site.
Parker Food Group (PFG), a Fort Worth, Texas-based provider of specialty ingredients for the food industry, said it acquired a former Rise Baking manufacturing facility in Mexico, Mo. The 20-acre site will feature five manufacturing lines and additional capacity for the wide range of specialty food ingredients supplied by both PFG and Creative Food Ingredients to manufacturers of ice cream, bakery, confectionary, desserts, bars/snacks and packaged goods.
"Parker Food Group is expanding to support the continued growth of our customers and to improve service levels with reduced lead times," said Greg Hodder, president and CEO of PFG. "We are excited to be working with many of the experienced Mexico team to begin manufacturing a full complement of our baked inclusions and toppings lines at the facility."
PFG itself was acquired by The Riverside Co., a global private equity firm, in late 2017. This move was designed to accelerate the company's growth and set the stage for expansion opportunities, PFG said.
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