The Flagship Food Group, which includes leading UK foodservice provider Flagship Europe, has come to an agreement with US-based OSI Group to allow the latter to buy Flagship Europe for an undisclosed sum.
OSI Group is a multi-billion dollar food manufacturing company with production facilities in the Americas, Europe and Asia. OSI says the acquisition of Flagship Europe “brings together two businesses that share the same vision of developing, sourcing, manufacturing and distributing a diverse range of high quality food products to their customers.”
Flagship Europe is a highly regarded supplier to the UK foodservice market with an extensive range of products across a number of product categories. These include frozen poultry, sous-vide products, and pies from award- winning manufacturer Oliver James, in addition to mayonnaise, sauces and dressings. Flagship Europe recently extended its presence in the Food To Go sector following the acquisition of Calder Foods, a highly respected supplier of sandwich fillings, marinades, sauces, mayonnaise and dips.
Commenting on the transaction, Flagship Europe CEO, Russell Maddock, said: “The acquisition is another exciting and progressive development for Flagship Europe. The increased resources that will become available to us, along with the access to new clients and global markets as part of the OSI Group, will strengthen our position in the marketplace, improve our proposition, and open up new opportunities that will enable us to serve our customers better and support our already successful business.”