M&A Deal Summary

SAVr Acquires Passport Foods - Kent Washington Facility

On April 23, 2020, SAVr acquired food company Passport Foods - Kent Washington Facility from Passport Foods

Acquisition Highlights
  • This is SAVr’s 1st transaction in the Food sector.
  • This is SAVr’s 1st transaction in the United States.
  • This is SAVr’s 1st transaction in Washington.

M&A Deal Summary
Date 2020-04-23
Target Passport Foods - Kent Washington Facility
Sector Food
Buyer(s) SAVr
Sellers(s) Passport Foods
Deal Type Divestiture

Target

Passport Foods - Kent Washington Facility

Kent, Washington, United States
Passport Foods (SVC), LLC - Kent, Washington Facility is a manufacturer of food products based in Kent, Washington.

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Buyer(S) 1

Buyer

SAVr

Seattle, Washington, United States
Category Company
Sector Food
DESCRIPTION

SAVr LLC is an Asian food manufacturer in the Pacific Northwest. Headquartered in Seattle, Washington, SAVr LLC manufactures Asian style wheat noodles, rice noodles, dumpling wrappers, and fortune cookies under its Rose Brand and SAVr Foods brands.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

Passport Foods

Ontario, California, United States
Category Company
Founded 1978
Sector Food
Employees170
DESCRIPTION

Passport Foods is a manufacturer and distributor of internationally-flavored foods to foodservice and retail channels in North America. Today Passport offers over 125 product SKUs across a comprehensive range of authentic, boldly-flavored product categories to food retailers and restaurants around the country. Headquartered in Southern California, Passport Foods has over 170 employees and was founded in 1978.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-07 Golden Pheasant Foods

Kent, Washington, United States

Golden Pheasant Foods LLC is a manufacturer and distributor of authentic Asian noodles, wrap products and other goods, primarily serving the foodservice industries in the Pacific Northwest region. Golden Pheasant Foods is based in Kent, Washington.

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