Glory Foods expects few changes to its central Ohio headquarters or its local work force of 20 despite the recent revelation that the food company has been sold.
The sale in December to McCall Farms Inc., of Effingham, S.C., was made public yesterday.
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The move ensures that the Columbus-born soul-food company’s line of 81 canned and bagged vegetables, side dishes and frozen entrees will stay on grocery-store shelves, said Jacqueline Neal, president of Glory Foods.
Neal declined to disclose terms of the deal but said Glory has become a subsidiary of McCall and will remain a separate, minority-controlled and -managed company.
She said the company decided to sell as a way to provide its private investors a “return on their investments, something they hadn’t seen previously.”
“We thought it time that investors got a return on their money,” Neal said, noting that talk of a potential deal between the two privately held companies had occurred “on and off” through the years.
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She said the fact that McCall Farms was the company’s contract packager during the first 10 years the company was in business made the deal a perfect match for Glory Foods.
“Glory’s strengths are its strong brand equity and consumer market, while McCall Farms brings the manufacturing, production and logistics side,” Neal said. “We’ve come full circle.
“The production will eventually all move to McCall Farms, which will be more efficient and lower the cost of food production.”
Calls to McCall Farms were not returned.
The company, which has been growing food more than 170 years, produces and cans a variety of fruits and vegetables. Its products are sold throughout the Southeast.
In a news release from the South Carolina Department of Development, the company is said to be expanding its operations with the Glory Foods purchase and will be adding 65 jobs for the area.
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Glory Foods was started in 1992 by Dan Charna, Iris Cooper, Garth Henley and Bill Williams. Williams had owned the Marble Gang Restaurant, once a fixture on the Near East Side.
The company distributes its products nationally, concentrating on the Southeast, mid-South, mid-Atlantic and Great Lakes states.
Glory has benefited from the growing popularity of ethnic foods. As a category, ethnic foods were expected to set a record of $2.2 billion in sales for 2009, representing $1 of every $7 being spent on groceries, said Mintel, a market research firm.
Neal said the company remains a minority-run company, with blacks representing a majority of its board members.
“What we’re trying to be is authentic to the African-American community and their taste,” she said. “That’s how you attract consumers of all races.”
Source: https://t-tees.com
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