# CPG Snack Brand Acquisitions CK Snacks is Acquiring Axium Foods to Bolster its Offerings By Colin Smith | Published 2024-09-25 | Business Source: Trend Hunter, https://www.trendhunter.com/trends/ck-snacks-axium-foods References: [foodbusinessnews.net](https://www.foodbusinessnews.net/articles/26870-ck-snacks-buys-axium-foods) & [globenewswire](https://www.globenewswire.com/news-release/2024/09/23/2951638/0/en/CK-Snacks-Acquires-Axium-Foods-Expanding-Its-Presence-in-the-Snack-Food-Industry.html)  CK Snacks, operating as Cheeze Kurls, LLC, has acquired Axium Foods, Inc., a [private-label snack manufacturer](https://www.trendhunter.com/trends/private-label-snack-mix) based in Illinois. This acquisition, announced on September 23, 2024, aims to enhance CK Snacks’ product offerings and solidify its presence in the competitive snack market. Axium Foods, founded in 1960, specializes in the production of [tortilla chips, corn chips, extruded snacks](https://www.trendhunter.com/trends/chamoy-chip), and pellet snacks. The acquisition is expected to diversify CK Snacks’ portfolio and expand its market reach, continuing to prioritize innovation and quality. Jamie Colbourne, CEO of CK Snacks, expressed enthusiasm about the acquisition, highlighting that Axium Foods’ expertise in tortilla chip and snack production will complement CK Snacks’ existing product lines. The McCleary family, founders of Axium Foods, also conveyed their excitement, noting that CK Snacks shares their dedication to quality, innovation, and customer service. Both companies will continue to operate from their respective locations, focusing on delivering high-quality snack products to their customers. Image Credit: CK Snacks ## Trend Insights (Trend Hunter) - Score: 3.3/10 - Popularity: 36% | Activity: 34% | Freshness: 29% - Audience gender: 50% men, 50% women - Primary generations: Millennial, Gen X - Top markets: North America, South America, Europe, Asia, Africa ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Business](https://www.trendhunter.com/business) > [Retail](https://www.trendhunter.com/retail) ## Key Themes ### Why This Trend Is Growing - **Private-label Snack Manufacturing:** The acquisition trend in the private-label snack manufacturing sector signals a growing emphasis on diversification and competitive positioning within the snack market. - **Product Line Expansion:** Companies are increasingly expanding their product lines through strategic acquisitions to meet diverse consumer preferences and enhance market presence. - **Focus on Snack Quality and Innovation:** Heightened focus on snack quality and innovation is driving mergers and acquisitions, reflecting a commitment to premium product standards and customer satisfaction. ### Industries Being Reshaped - **Food and Beverage:** The food and beverage industry is witnessing significant consolidation as companies seek to broaden their snack portfolios and cater to varied consumer tastes. - **Consumer Packaged Goods (CPG):** Within the CPG sector, strategic acquisitions are emerging as key growth strategies to enhance market share and expand product offerings. - **Private-label Manufacturing:** Private-label manufacturing is seeing robust activity as companies invest in expanding production capabilities and diversifying their product ranges. ## Related on Trend Hunter - [Snack Manufacturer Acquisitions](https://www.trendhunter.com/trends/our-home-sonoma-creamery.md) - [Better-for-You Snack Brand Acquisitions](https://www.trendhunter.com/trends/ferrero-group-power-crunch.md) - [Wholesale Bakery Acquisitions](https://www.trendhunter.com/trends/qualitech-ellison-bakery.md) - [Flavor Company Acquisitions](https://www.trendhunter.com/trends/meridian-flavors.md) - [Brazilian Better-For-You Snack Acquisitions](https://www.trendhunter.com/trends/bold-snacks.md) - [Innovative Snack Launches](https://www.trendhunter.com/trends/utz-brand-inc.md) - [Cost-Conscious Private Label Snacks](https://www.trendhunter.com/trends/salty-snack-products.md) - [Everyday Better-for-You Chips](https://www.trendhunter.com/trends/Everyday-Better-for-You-Chips.md) - [Food Brand Acquisitions](https://www.trendhunter.com/trends/daydaycook.md)