LAKEWOOD, N.J., April 10 /PRNewswire/ -- SAVEUR FOOD GROUP, LLC
announced today that its wholly owned subsidiary CUISINE INNOVATIONS, LLC,
(the appetizer division purchased from TYSON FOODS in 2003 and formerly
known as DFG FOODS), has acquired the business of HERB'S SEAFOOD INC.
(HERB'S). CUISINE INNOVATIONS is the largest privately held frozen hors
d'oeuvres manufacturer in the U.S. Terms of the transaction were not
disclosed.
Based in Mt. Holly, New Jersey, HERB'S is a value-added frozen seafood
manufacturer founded in 1965. Housed in a multi-million dollar facility
with state-of-the-art food processing and freezing equipment, it is one of
the leading producers of frozen crab cake, as well as frozen seafood
appetizers and entrees. The company distributes its products under the
KAPTAIN'S KETCH brand nationwide in all channels of distribution (including
foodservice, retail and club stores). Nash Cohen, founder and President of
HERB'S will remain involved with the business as President of the new
entity. Nash stated: "I am delighted to join forces with SAVEUR FOOD GROUP
in its aggressive growth plan. I have chosen to align myself with them
because they bring the resources needed to accelerate our growth and take
the company to the next level."
HERB'S will change its name to NEW WAVE CUISINE, LLC. "The main
objective of NEW WAVE CUISINE will be to become the leading innovator in
value-added prepared seafood and fish products," said Gary Bensley, CEO of
CUISINE INNOVATIONS. "We also want to expand distribution to new regions,
while still maintaining the company's strong focus on customer service,"
declared Neil Cohen, President of CUISINE INNOVATIONS. Both Neil Cohen and
Gary Bensley will have senior management responsibilities in NEW WAVE
CUISINE with Nash Cohen.
SAVEUR FOOD GROUP invests in companies in the branded premium prepared
food industry, focused on the soup, hors d'oeuvres/appetizer, entree and
dessert product categories. The company was founded by Paul Bensabat,
formerly President & CEO of Sorrento/Lactalis, and a 28-year food industry
veteran, and Alain Bankier, formerly Head of BNP/Paribas's US Corporate
Finance activity, with 25 years of investment banking experience, including
a strong food industry specialty. "HERB'S is a very strong complement to
CUISINE INNOVATIONS and is perfectly in line with our development
strategy," declared Paul Bensabat. "The synergies with CUISINE INNOVATIONS
are excellent and will allow us to quickly expand into the fast growing
premium seafood and fish processing industry," added Alain Bankier.
http://www.saveurfood.com
http://www.cuisineinnovations.com
http://www.Kaptainsketch.com
SOURCE SAVEUR FOOD GROUP, LLC
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Related links:
http://www.saveurfood.com
http://www.cuisineinnovations.com
http://www.Kaptainsketch.com
CONTACT:
Paul Bensabat, SAVEUR FOOD GROUP,
+1-917-544-3444, Email: Pbensabat@saveurfood.com
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