USA – CK Snacks, operating as Cheeze Kurls, LLC, has officially acquired Axium Foods, Inc., a well-established private-label snack manufacturer based in Illinois.
This acquisition, announced on September 23, 2024, marks CK Snacks’ strategic expansion, enhancing its product offerings and solidifying its presence in the competitive snack market.
Founded in 1960, Axium Foods produces various snack products, including tortilla chips, corn chips, and extruded snacks.
The company has built a reputation for delivering high-quality products tailored for private label brands.
Jamie Colbourne, CEO of CK Snacks, expressed enthusiasm about the acquisition, stating, “We are thrilled to welcome Axium Foods into the CK Snacks family. Axium Foods’ expertise in tortilla chip and snack production will complement our existing product lines, enabling us to offer an even broader range of snacks.”
This sentiment reflects CK Snacks’ commitment to innovation and quality as it seeks to diversify its offerings.
The acquisition follows CK Snacks’ recent Nexus Capital Management LP purchase just three months earlier.
This backing from a private equity firm provides CK Snacks with additional resources to fuel its growth strategy.
Colbourne noted that this acquisition is pivotal for their long-term vision: “This acquisition marks a pivotal moment in our growth strategy, and we look forward to working together to deliver innovative, high-quality products to our customers.”
The McCleary family, founders of Axium Foods, also shared their excitement regarding the merger.
They stated, “We are excited to see Axium Foods continue alongside another long-standing, family-founded business. CK Snacks shares our dedication to quality, innovation, and customer service.”
This alignment of values between the two companies is expected to foster a seamless integration process and maintain Axium Foods’s decades-long legacy of quality.
Both companies will maintain operational bases in their respective locations while collaborating closely to enhance product offerings.
This approach aims to leverage the strengths of both organisations to serve their customers better and expand market reach.
The merger is anticipated to create synergies that benefit consumers through improved product variety and availability.
CK Snacks has been a prominent player in the snack food sector since its establishment in 1964.
Based in Grand Rapids, Michigan, the company specialises in manufacturing private-label snack foods, including extruded, fried, baked products, popcorn, and party mixes.
Its partnerships with major retailers across North America position it well for continued growth in this dynamic industry.
As consumer preferences shift towards healthier snacking options and diverse flavours, this acquisition positions CK Snacks favourably within the market landscape.
By integrating Axium Foods’ product lines into its portfolio, CK Snacks aims to increase its market share and respond effectively to evolving consumer demands.
Sign up to receive our email newsletters with the latest news updates and insights from Africa and the WorldHERE.
