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MIZKAN EXPANDS PORTFOLIO
WITH ACQUISITION OF BORDER FOODS®
MT. PROSPECT, Ill., May 12, 2011 - Mizkan
Americas, a leading condiment manufacturer,
has acquired Border Foods, Inc® from Ares
Capital. Border Foods is the nation's oldest
and most established processors of Green
Chile, Jalapeño and Tomatillo peppers and
manufacturers of enchilada sauces for both
the branded and private label markets.
Located in Deming, New Mexico, Border Foods
began operations in 1972 and is the largest
processor of quality Chile peppers in the
United States. Border Foods has demonstrated
consistent growth and is the market leader
in the industry. The acquisition builds on
parent company Mizkan Group's plans for
global expansion of its retail, branded,
food ingredients and food services
businesses. It also follows a relationship
between Mizkan as a supplier to Border
Foods®.
Mizkan Americas is a leading condiment
producer in the United States selling across
all channels of trade including branded
retail, private label retail, food service,
and food ingredients. Mizkan Americas
leading retail condiment brands include
Holland House® cooking wines, Nakano® rice
vinegars and World Harbors marinades and
sauces. Mizkan is a leading Asian condiment
supplier in the retail and foodservice
channels of trade. Mizkan's food ingredients
division supplies ingredients to numerous
well known food manufacturers across several
categories.
"We look forward to the continuing growth of
Border Foods as this acquisition broadens
strategic diversification in this sector,"
said Craig Smith, President of Mizkan
EuroAmericas. "The Hispanic foods market has
seen aggressive growth over the last few
years, and is projected to reach over $8
billion in 2011. We are pleased to now have
a position in this growing market with
Border Food's quality products."
"We have known Mizkan for some time and
believe our business will fit well into
Mizkan's current business and the channels
of trade they currently serve. Mizkan's
commitment to quality, customer service and
its global reach for product manufacturing,
product development and distribution are
indeed impressive," said Randy Clark, Border
Foods CEO.
"The acquisition of Border
Foods by Mizkan Americas is a great fit for
both companies. Each company focuses on the
market leadership strategy of operational
excellence. This strategy has delivered
ongoing value to both companies' customers."
said Mark Majewski, Mizkan Americas CFO.
During the last five years, Mizkan has
acquired the Holland House brand of cooking
wines from Mott's LLP, the World Harbors
brand of marinades and barbeque sauces,
Creole Fermentation of Louisiana and the
Gourmet Specialty Division of Imperial
Brands Inc.
Winchester Capital initiated the Border
Foods acquisition and exclusively advised
Mizkan Americas. Hughes Hubbard & Reed LLP
acted as counsel to Mizkan.
About Mizkan Americas
Mizkan Americas is a subsidiary of Mizkan
Group and has a heritage in the condiment
business that spans over 200 years. The
company is a leading manufacturer of
condiments in the United States with 14
manufacturing plants that serve the retail,
foodservice, specialty Asian and food
ingredient trade channels. Since 2005,
Mizkan Americas has seen dramatic growth due
to the acquisition of Holland House® cooking
wines, the Specialty Division of Imperial
Brands and World Harbors Marinades & Sauces.
Mizkan Americas produces a wide variety of
vinegars, mustards, cooking wines, wine
reductions, sushi seasoning, jellies, salad
dressings, Asian sauces and other liquid
condiments. Mizkan Brands include Holland
House, NAKANO®, Four Monks®, Barengo®,
Mitsukan® and World Harbors®. For more
information about Mizkan Americas, please
visit www.mizkan.com.
About The Mizkan Group
The Mizkan Group, a global food
manufacturer, is the parent company of
Mizkan Americas, Inc. The Mizkan Group is a
200-year old privately held international
food manufacturer, based in Handa City,
Japan. The Mizkan Group has a stable of
well-known international brands, under the "mizkan"
umbrella brand and is a leader in the liquid
condiment category. The Mizkan Group has
operating facilities around the globe,
including Japan, China, the United Kingdom,
the United States, Thailand, Singapore, Hong
Kong & Taiwan.
MEDIA CONTACT:
Betsy Alandt
312-255-3124
betsy.alandt@hillandknowlton.com
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