Nonpareil to sell dehydrated potato business to Basic American
Nonpareil Farms has publicly confirmed its intent to sell its dehydrated potato business in Blackfoot to Basic American Foods. Employees at the companies were informed of the plans last week.
A joint news release put out by the two companies on Monday stated: "The sale will allow Nonpareil to focus its efforts on its rapidly growing fresh produce brand. Due diligence is currently underway. Both Basic American Foods and Nonpareil Farms are working towards negotiating the various agreements involved in the transaction and anticipate the process to take eight to ten weeks to conclude and finalize the documents for closing."
Alex Navarro, a media spokesman for Nonpareil, said, "We are working as hard as possible to complete this sale. The plans have been in the works for the past few weeks and everything has moved along quite quickly."
Headquartered in Blackfoot, Nonpareil has been a member of the Idaho potato community for over 65 years and is one of the largest growers and shippers of fresh potatoes.. The family-owned and operated company has been manufacturing and supplying potato products to the food industry since 1946.
Nonpareil has developed, produced and marketed some of the most innovative products in the potato industry and has been packaging and marketing Betty Crocker Fresh Potatoes to stores since 2011.
Basic American Foods is headquartered in Walnut Creek, Calif., with processing plants in Blackfoot, Rexburg, Shelley and Moses Lake, Wash. The company's central distribution center is in Idaho Falls. Internationally, Basic American Foods has offices in Hong Kong and Mexico.
The company has been family-owned and operated since 1933 and offers a wide range of of products to the foodservice, consumers foods and industrial markets. Key brands offered by Basic American include Potato Pearls, Golden Grill, Santiago and Idaho Spuds.
Nonpareil Farms will continue to supply Basic American Foods with potatoes for its dehydrated potato products.