'FlavorSum,' the Fenton, Missouri-based food flavoring manufacturer, announced the acquisition of 'Meridian Flavors,' a flavor portfolio company. As part of this acquisition, FlavorSum will develop new flavor offerings as it continues to adapt to consumer demands. According to the CEO of FlavorSum, Brian Briggs, the company will use Meridian Flavors to "help our current and future customers achieve their growth goals."
FlavorSum has continued to acquire smaller flavor profile manufacturers in recent years as it continues to expand its services across North America. Through these constant acquisitions, FlavorSum is aiming to leverage its expertise in the industry to help accelerate the growth of small-to-medium-sized restaurants and food manufacturers that work with it in a professional sense.
Neither FlavorSum nor Meridian Flavors disclosed the financial details of the acquisition.
Flavor Company Acquisitions
FlavorSum Acquired 'Meridian Flavors' for Product Innovation
Trend Themes
1. Flavor Company Acquisitions - More flavor companies will acquire other companies to expand their services across North America
2. New Flavor Offerings - Flavor companies will continue to develop new flavor offerings to adapt to consumer demands.
3. Industry Consolidation - Smaller flavor profile manufacturers will continue to be acquired by larger corporations as consolidation in the industry continues.
Industry Implications
1. Food Manufacturing Industry - Companies in the food manufacturing industry can leverage acquisitions to expand their flavoring offerings and capture a larger share of the market.
2. Restaurant Industry - Restaurants can work with flavor companies to develop unique flavor profiles that differentiate them from their competition.
3. Consumer Packaged Goods Industry - Companies in the consumer packaged goods industry can work with flavor companies to develop new and exciting products that appeal to consumers' taste preferences.