Cross Rapids Capital-backed PAK Quality Foods to acquire Formosa Foods.

Cross Rapids Capital-backed PAK Quality Foods, a food company, agreed to acquire Formosa Foods, a food distributor. Financial terms were not disclosed. "PAK Quality Foods is thrilled to join forces with the Formosa Foods team. We are excited to expand our offering to customers and also to offer Formosa Foods' customers access to our products and service. Formosa Foods' mission of providing top-quality food products and being a trusted partner to its customers aligns perfectly with that of PAK Quality Foods. Together we will be an even stronger company," John Pieper, PAK Quality Foods CEO.