Rich Products, Corp has acquired Plymouth-based Morey’s Seafood International. Morey’s is an industry leader in value-added seafood with customers across the food service and retail industries. This deal is one of several acquisitions Rich Products has made since the start of 2020. This acquisition is following a trend in recent years of large food corporations acquiring consumer products companies to enhance their portfolios of brands. Other examples of this trend include ConAgra Brands (NYSE: CAG) $10.9 Billion acquisition of Pinnacle Foods in 2018 and Ferrero International S.A.’s $1.3 billion purchase of Kellogg Company in 2019.
Read the full story here: https://www.bizjournals.com/twincities/news/2020/02/13/morey-s-seafood-bought-by-new-york-food-company.html
