Global food manufacturer expands with saucy acquisition
Sauce manufacturer Panesar Foods has been acquired by global food and beverage company, Paulig.
Tipton-based Panesar Foods will strengthen Paulig’s position in world foods, with its expertise in sauces, salsas, condiments, marinades, and dips.
Founded in 1992, the family-owned manufacturer started with just four products and has now grown to reach revenues of £59m, has a range of more than 750 products and employs 308 staff across its three production facilities in Tipton.
All staff will join Paulig’s 2,200 workforce operating across 13 countries. Founded in 1876 by the Paulig family, the Tex-Mex food market leader has products sold in 70 countries across the world. Brands including Paulig, Santa Maria, Risenta, Poco Loco and Zanuy boosted company sales to €1.2bn in 2023.
Rolf Ladau, CEO of Paulig said: “We have collaborated with Panesar Foods for 17 years, and we are very pleased to welcome the company to Paulig. Today, our combined taste expertise and innovation skills unite around a shared ambition: to accelerate our international growth and expand our World Foods offerings with sauces, salsas, condiments, marinades, and dips.”
Bill Panesar, CEO of Panesar Foods said: “We are incredibly proud of our history and the remarkable growth we have achieved since our culinary journey began in 1992. As Panesar Foods becomes part of Paulig, I am confident that our ambitions for international growth will be realised, and the business will continue to thrive. We share a strong commitment to innovation and delivering high-quality, flavorful products, and I look forward to bringing even more delicious products to the market, together”.
Jas Panesar, managing director of Panesar Foods said: “We are thrilled to join forces with Paulig. This partnership will allow us to reach new markets and deliver our authentic World Food flavours to a broader audience. We look forward to combining our passion for quality food with Pauligs’ commitment to sustainability and innovation.”
