MEMPHIS, Tenn. – Monogram Foods announced the company has acquired Wilmington, Massachusetts-based Progressive Gourmet, a producer of specialty small bites, baked goods, hors d’oeuvres and entrees. Terms of the transaction were not disclosed.
“We will merge our Progressive Gourmet purchase with Monogram’s other frozen appetizer businesses based in Plover, Wisconsin, creating a comprehensively staffed division of 800 talented team members,” said Karl Schledwitz, chairman and CEO of Monogram. “With our strong and talented management support team, we will continue to optimize our customer-centric business with food processing best practices while implementing advanced capabilities to lead in the delivery of delicious products.”
The Progressive Gourmet website states the company operates a 63,000 sq. ft. manufacturing facility in Wilmington. The company produces appetizers under the Goodwives, Original Rangoon Company and The Caterer’s Choice brands.
“We are already underway expanding the USDA, FDA and BRC certified facilities in Wilmington, Massachusetts, and we are immediately looking to add 100 to 150 team members,” said Wes Jackson, president of Monogram. “Additional facility expansions are planned throughout the rest of 2016 in order to meet the demand of a robust list of customers such as US Foods, Marriott, Hilton Hotels & Resorts, Wegman’s, Hannaford and Kroger for our Monogram Gourmet Foods division.”
The acquisition raises Monogram Foods’ processing capacity to eight manufacturing plants in seven states. In MEAT+POULTRY’s Top 100 ranking of meat and poultry processors, Monogram ranked No. 66, reporting annual sales of $400 million and employing 2,500 workers. The acquisition reportedly will increase Monogram’s revenues to more than $600 million in 2016. Monogram Foods is a leading co-packer, private label maker and manufacturer of beef jerky, corn dogs, pre-cooked bacon and other value-added meat products.
M+P’s 2016 Top 100 ranking of meat and poultry processors is available here: http://www.nxtbook.com/sosland/mp/2016_03_01/index.php#/34/OnePage