Frostkrone Group Buys Rite Stuff Foods Inc. in US

Frostkrone Group

The Frostkrone Group has acquired US-based Rite Stuff Foods Inc., a company specializing in the production of potato specialty products including baked potatoes, filled potato, potato wedges, potato pancakes and more.

Headquartered in Rietberg, North Rhine-Westphalia, the Frostkrone Group is a manufacturer and seller of deep-frozen and snack products for the food retail trade, as well as the food service sector. The company operates several modern production facilities in Germany and France and distributes its product range Europe-wide to countries like Netherlands, France, Spain Portugal, UK, Czech Republic, Poland, Estonia, Latvia and others. Since 2017, the firm also started exporting to the US.

The acquired entity, Rite Stuff Foods is based in Jerome, Idaho and was founded in 1989. The company currently employs 230 people and is considered one of the most important American producers of potato specialties.

“We have maintained good business relationships with the USA for several years already. Having a company location directly on the spot was the logical consequence of developments and discussions with trade partners”, said Frédéric Dervieux, managing partner of the Frostkrone Group.

The new acquisition will enable Frostkrone fuel its development. As one of the company’s major investor, Dr. Christian Näther, who is also a senior partner of EMERAM Capital Partners GmbH explains: “With the merger with Rite Stuff Foods, we are opening a new chapter in Frostkrone’s corporate development. Having strengthened Frostkrone’s European position in the past two years, the expansion to the USA is now the next step to further implement the company’s growth strategy. We are convinced that Rite Stuff Foods, with its successful history and its roots in the USA, will be a strong platform not only to supply our existing customers in the US with Frostkrone’s diverse product innovations, but also to tap into new local customers potential.”