Bellisio Foods Inc., America’s third-largest manufacturer and distributor of single-serve frozen entrées, is being sold to Thai food giant Charoen Pokphand Foods for nearly $1.1 billion. The agreement is expected to close within the next 180 days.
Bellisio produces more than 400 products under the Atkins, Boston Market, Chili's, EatingWell, Eat! and Michelina’s brands. According to the Wall Street Journal, Bellisio posted $688 million in adjusted net sales for the 12 months that ended in September. Established in Minneapolis in 1990, the company has facilities in Ohio, California and Minnesota.
Charoen Pokphand Foods has more than 3 billion customers in 18 countries in Asia and Europe. The purchase of Bellisio will help its expansion into the North American market.