#USA #Fort Worth #PAK Quality Foods #Cross Rapids Capital #HR Foods

PAK Quality Foods Acquires HR Foods: A Strategic Move to Expand and Enhance Offerings

In a notable development in the food distribution sector, PAK Quality Foods, LLC has announced the acquisition of HR Foods, a well-respected employee-owned food distributor based in Amarillo, Texas. This move, aimed at broadening the product range and expanding the customer base, is expected to significantly enhance the service capabilities of both companies. The acquisition was made possible through the strategic guidance of Cross Rapids Capital, an operationally-focused investment firm.

Expanding Horizons for Both Companies

PAK Quality Foods, which has been serving the foodservice, retail, and institutional customers throughout Texas and Eastern New Mexico, has successfully acquired nearly all assets of Vernon Transportation LP and AmTex HR Foods LLP, collectively known as HR Foods. This acquisition stands to bolster PAK Quality Foods' product offerings and service efficiency, allowing it to cater to a wider range of client needs.

Founded in 1969, HR Foods has made its mark in the food distribution industry by servicing clients across Texas, New Mexico, Oklahoma, and Kansas with a variety of food products, including beef, pork, poultry, dry goods, produce, dairy, and more. The leadership team of HR Foods, namely Mr. John and Barry Vernon, will remain at the helm, ensuring continuity and stability during this transition.

A Commitment to Quality and Service

John Pieper, the Chief Executive Officer of PAK Quality Foods, expressed his enthusiasm regarding the acquisition, stating, "We are thrilled to welcome HR Foods into the PAK Quality Foods family. Our commitment is simple: the high-quality, reliable service and responsiveness that customers have come to expect from HR Foods will continue, backed by the added resources of PAK Quality Foods. We share a deep focus on serving our customers well, and together we see a strong future of investment, partnership, and growth across the communities we serve."

The acquisition not only symbolizes a strategic growth opportunity for both firms but also affirms PAK Quality Foods' dedication to enhancing its operational capacities. By integrating HR Foods’ established distribution channels and commitment to quality, PAK is poised to strengthen its market position significantly.

About PAK Quality Foods

With distribution facilities located in San Angelo and Fort Worth, PAK Quality Foods prides itself on offering a comprehensive line of proteins, dairy products, and dry goods. The company is renowned for fostering long-term relationships with its customers, guaranteeing availability of products, timely deliveries, and competitive pricing—all crucial factors for customers in the foodservice and retail sectors.

Furthermore, PAK Quality Foods strives to maintain a responsive sales team to address customer needs effectively, further enhancing its service offerings.

About Cross Rapids Capital

Cross Rapids Capital L.P., the investment firm facilitating this acquisition, specializes in operationally-driven investments in North American middle-market industrial and service companies. With a hands-on approach, they seek to empower businesses by bringing decades of sector expertise to the table, allowing firms like PAK Quality Foods to realize their growth ambitions through strategic partnerships.

Conclusion

This acquisition marks a significant chapter in the evolution of PAK Quality Foods as it works to expand its footprint in the competitive food distribution market. With the combined resources and expertise of both companies, customers can expect improved services and a broader range of products moving forward. This strategic partnership not only promises growth but also highlights the commitment of both companies to serve their communities better within Texas and beyond.