Aseptia sells Carolina Dairy and Wright Foods
The sale, which was finalized in late February, transfers the assets of the Carolina Dairy yogurt plant in Biscoe, NC, and Wright Foods in Troy, NC, to AmeriQual’s subsidiary.
As part of the transaction, the companies also formed a long-term licensing relationship for the use of Aseptia’s patented AseptiWave and AseptiSense technologies. These technologies allow for the processing and validation of a wide range of aseptic foods while lowering supply chain costs by reducing or eliminating the need for cold storage.
Benefits for both companies
Aseptia president and CEO David Clark said the relationship would benefit both companies.
“They are market leaders in food processing and packaging, and the facilities and capabilities that we had at Wright Foods and Carolina Dairy are a great fit for them,” Clark added.
“We believe that AmeriQual is the ideal owner to continue the strong growth that we experienced in those businesses. By combining Aseptia’s proprietary food technologies with AmeriQual’s market-leading process expertise, we believe innovative and transformative aseptic products will be brought to market in the very near term.”
He added that selling the manufacturing operations would allow Aseptia to concentrate on the worldwide expansion of its technologies.
Joe Penshorn, president of AmeriQual Group Holdings, said, “Acquiring the Carolina Dairy facility is a very logical extension of our pouch manufacturing expertise into the yogurt category. We are excited about the opportunities that this transaction affords us.”