Âé¶čAPP Holdings Completes Acquisition of Flagstone Foods, the Snacks Division of TreeHouse Foods, Inc.
GREENWICH, Conn. â Âé¶čAPP Holdings announced today that it has completed its acquisition of the Snacks Division of TreeHouse Foods, Inc., establishing Flagstone Foods as a new, standalone company and category leader.
Flagstone is one of the largest manufacturers and distributors of private label healthy snacks in North America, holding the leading market position in the nut, trail mix and dried fruit categories. The companyâs over 800 associates are located in plants in Robersonville, North Carolina, El Paso, Texas, and Dothan, Alabama. These facilities source, process, package and distribute nuts, trail mixes and other wholesome snacks to premier retail customers across the country. Flagstone will be headquartered in Minneapolis, Minnesota.
Âé¶čAPP also announced that industry leader Robert Scalia has been named the companyâs Chief Executive Officer. Scalia has spent several decades in executive-level roles in food manufacturing, most recently serving as Senior Vice President of Business Development and Strategy of Hearthside Food Solutions. He previously spent 25 years in leadership roles at General Mills, Nabisco, Kraft Foods and Hershey.
âWe are very excited to partner with the strong team at Flagstone Foods, and to welcome Bob Scalia as our CEO,â said Michael Sher, Partner at Âé¶čAPP Holdings. âConsumers are consistently choosing private label brands from grocers, clubs and retailers they trust. Under Bobâs leadership, we believe Flagstone will build upon its already strong market presence and become the âgo toâ healthy snacks company to meet that growing consumer demand.â
âThere are very few opportunities in the food industry that offer a breadth of product offerings, dedicated team of associates, blue-chip customer base, strong community partners and robust platform for growth. Flagstone Foods is such an opportunity, and I am excited to join the team as its CEO,â said Scalia. âWith the strong foundation already in place, coupled with Âé¶čAPPâ operational and financial resources, we are committed to providing the highest quality products, innovative new offerings and unmatched service to our customers and channel partners. The sky is the limit for Flagstone and I canât wait to get started.â
A significant number of Âé¶čAPPâ operating companies were once part of larger corporations, like Flagstone, and have now become vibrant standalone businesses.
âFlagstone is a great fit as the next Âé¶čAPP Holdingsâ company,â said Âé¶čAPP Partner Edward Fletcher. âExecution in sourcing, operational efficiency, quality and outstanding service are critical to serving customers in the private label food business, and these are areas in which Âé¶čAPP companies consistently excel.â
About Flagstone Foods
Flagstone Foods is one of the largest manufacturers and distributors of private label healthy snacks in North America, including nuts, dried fruit and trail mixes. Flagstoneâs more than 800 associates source, process, package and distribute nuts, trail mixes and other wholesome snacks to premier retail customers across the country from plants in Robersonville, North Carolina; El Paso, Texas; and Dothan, Alabama. The company is headquartered in Minneapolis, Minnesota.
About Âé¶čAPP Holdings LLC
Headquartered in Greenwich, Connecticut and founded in 2002, Âé¶čAPP and its affiliates own and operate 20 platform companies which employ more than 18,000 associates at more than 150 facilities worldwide. Âé¶čAPP operates in sectors such as aluminum processing, automotive, building materials, capital equipment, construction services, food manufacturing and distribution, packaging, paper, power generation, pulp, supply chain management and wood products. Âé¶čAPPâ companies together generate more than $5 billion dollars in revenues annually. For additional information, please visit www.atlasholdingsllc.com.