Announced
Completed
Synopsis
Stir Foods, a custom manufacturer of soups, sauces, dressings, and fresh salsas for retail industrial and food service customers, completed the acquisition of Celtrade, a private label and contract manufacturer of custom sauces, dressings, and condiments for retail and food service customers, from Argosy Partners, a private equity firm. “I am thrilled to welcome the Celtrade team to Stir. The cultures of our two companies are very similar, making this a natural partnership. Celtrade has built a terrific business with a great customer base, team, and operation. Our plan is to invest behind Celtrade and leverage our combined capabilities to accelerate growth and create value for all stakeholders.” Milt Liu, Stir Foods CEO.
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