KENT Corporation, a prominent family-owned company known for its diverse range of food, beverage, and agriculture products, has recently made a significant stride in its global expansion. This comes with the acquisition of Frosty Boy Global, an Australian company renowned for its desserts, beverages, savory ingredients, and wellness products. Here are the key takeaways from this notable acquisition:
- Strategic Expansion: KENT’s acquisition of Frosty Boy marks a significant expansion of its global footprint, particularly in the food and beverage sector.
- Enhanced Product Range: This acquisition diversifies KENT’s product offerings, adding Frosty Boy’s diverse range of desserts, beverages, and wellness products to its portfolio.
- Global Reach: Frosty Boy’s existing operations in countries like India, Australia, Indonesia, and Brazil, among others, provide KENT with a broader international market.
- Synergistic Benefits: The collaboration is expected to leverage the strengths and synergies of both companies, enhancing their overall market presence and operational efficiency.
- Family Business Growth: This acquisition reflects KENT Corporation’s ongoing commitment to growth and innovation, continuing its legacy as a successful family-owned business.
Background of KENT Corporation
KENT Corporation, based in Muscatine, Iowa, USA, has a rich history in the livestock feed business. The company has diversified significantly under the leadership of Gage A. Kent, a third-generation family member. Today, KENT operates in various sectors, including corn wet milling, animal feed production, and the manufacture of food, beverage, and pet products. With a workforce of approximately two thousand employees, the company has a strong presence in 40 locations across 20 states and seven countries.
KENT Precision Foods Group, a subsidiary of KENT Corporation, specializes in dry and liquid-blending packaging food. Known for its high-quality branded and custom products, the company caters to many customers in the food service, industrial, and consumer products sectors. Its consumer brands, which include Foothill Farms®, Frostline®, Mrs. Wages®, and many others, are a testament to its diverse and quality-driven product range.
The Acquisition of Frosty Boy Global
Frosty Boy Global, based in Yatala, Gold Coast, Australia, has a strong reputation for powder-based products, including desserts, beverages, savory ingredients, and wellness products. This acquisition by KENT Precision Foods Group significantly enhances KENT’s product lineup and global reach. Frosty Boy’s manufacturing presence in India and Australia and sales offices in various countries offer KENT an expanded international market.
A Vision for the Future
President of KENT Precision Foods Group, Mike Eversmeyer, expressed enthusiasm about the acquisition. He emphasized the potential for both companies to leverage their synergies and expand their respective strengths. This partnership is envisioned to enhance the companies’ market presence and create meaningful experiences and long-lasting memories for customers through their products.
KENT’s acquisition of Frosty Boy Global represents a strategic move to bolster its international presence and product diversity. It reflects the corporation’s commitment to growth and innovation, maintaining its stature as a prominent, family-owned business in the global marketplace.
Image provided by Kent Corporation
