Best Brands expands frozen product portfolio
Best Brands Corp., Minnetonka, Minn. expanded its portfolio of
frozen baked cakes, brownies and muffins with its purchase of Telco
Food Products Inc. of Colton, Calif. last month. The move also
expands Best Brands’ manufacturing and distribution
capabilities geographically.
The purchase of Telco will allow Best Brands to provide full
product and service offerings with opportunity for growth with
existing and new customers, according to G. Scott Humphrey,
president and C.E.O. of Best Brands Corp. “The acquisition of
Telco further enhances the Best Brands Corp. geographic reach as
well as its presence in the frozen bakery products market,”
Humphrey said.
Telco Food Products president, Timothy Telliard, will continue with
the company as senior executive managing director of special
operations. “The Telco Food Products operations, as well as
Best Brands overall, are expected to continue a sustained pattern
of solid growth within the bakery industry,” Humphrey
said. “The Telco business is very complementary to Best
Brands in terms of product line, customer base, and geographic
presence.”
Best Brands was acquired by Value Creation Partners of Columbus,
Ohio in 2000. In 2005, Best Brands purchased the Multifoods
Foodservice and Bakery Products Division of International
Multifoods Corp. from the J.M. Smucker Co. Telco further expands
the Best Brands manufacturing capacity and adds another premium
brand to the Best Brands Corp. portfolio, Humphrey said.
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