Visalia-linked company to be acquired by Ventura Foods

(Rigo Moran)

Brea-based Ventura Foods looks to spice to company with DYMA Brands acquisition; DYMA Brands’ Visalia facility brought into the mix

VISALIA – Ventura Foods is making moves to scoop up DYMA Brands, a big player in the foodservice scene that has a solid footprint across the map, including a presence in Visalia.

Ventura Foods is a company that cooks up custom and branded products for restaurants and retailers. As for DYMA Brands, the company is headquartered in Atlanta, Georgia, has its hands in liquid portion control, bulk condiments and all sorts of seasonings and mixes.

With over 500 folks on the team, spanning across manufacturing facilities in Bremen, Georgia; Duluth, Georgia; Bondurant, Iowa; and Visalia, California, DYMA Brands is bringing a considerable workforce to the table.

Under this deal, Ventura Foods is acquiring all of DYMA Brands’ crew and facilities, making them a fully-owned part of the Ventura family. Chris Furman, the president and CEO of Ventura Foods, is pumped about the acquisition, seeing it as a major boost for their production, distribution and product lineup.

“DYMA Brands is an ideal fit for Ventura Foods and represents an exciting next chapter of strategic growth for our company,” Furman said via press release. “This purchase allows us to better support our customers with added production and distribution capabilities and an expanded product portfolio.

“We are excited to welcome the talented DYMA Brands team and look forward to what we will accomplish together.”

In the release, Bill Goetz, president and CEO of DYMA Brands, expressed his confidence that the transition will be smooth sailing, thanks to Ventura Foods’ solid approach.

“While it’s clear that DYMA Brands and Ventura Foods share capabilities, what’s most noteworthy is the companies’ shared philosophy on corporate culture that uniquely positioned Ventura Foods to prevail in this transaction,” Goetz said.

The financial advice for Ventura Foods came from BofA Securities, Inc., and they had Pillsbury Winthrop Shaw Pittman on legal duty. Meanwhile, DYMA Brands had Moelis & Company, LLC, as their financial guide, with Mayer Brown, LLP, and Kayne Anderson on the legal front.

Before the deal is said and done, however, it is subject to customary closing conditions and regulatory approvals.

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