Golden State Foods / KanPak China Enters Management Services Agreement With OSI Guangzhou

Agreement outlines GSF/KanPak's control and management of the Guangzhou facility that produces vegetables, fruits and nut products

News provided by

Golden State Foods

Aug 29, 2014, 12:51 ET

GUANGZHOU, China, Aug. 29, 2014 /PRNewswire/ -- Golden State Foods (GSF)-owned KanPak China has signed a Management Services Agreement (MSA) with Guangzhou OSI Food Co. Ltd to control and manage the Guangzhou produce plant. KanPak China is a subsidiary of Golden State Foods, one of the world's largest suppliers to the quick service restaurant (QSR) industry. GSF services more than 125,000 restaurants in 60 countries from five continents. Its core businesses include processing of liquid products, dairy, produce, meat, and full-line distribution services.

Through Golden State Foods' partner, Taylor Fresh Foods (Salinas, California), the company's annual output exceeds 1.6 billion pounds of produce in North America. Golden State also runs an award-winning, state-of-the-art produce processing plant in Sydney, Australia as well as in Perth, Australia and in Auckland, New Zealand. Additionally, GSF recently acquired New Zealand's leading retail produce company, Snap Fresh Foods.

"We're pleased to expand our business in China to include produce with this management services agreement," said Mark Wetterau, Chairman and Chief Executive Officer, Golden State Foods. "We're accessing GSF's global resources and those of its partners to provide outstanding quality with assured supply to the Chinese market."

Through the facility in China, the GSF team will bring its experience in the global production of produce. The team will take over the 100% control and management of the Guangzhou OSI plant under this master agreement. The plant will continue to be dedicated to delivering safe, quality products that meet both clients' and China's regulatory requirements.

Since Golden State Foods acquired KanPak China in 2012, it has been expanding its product line and offerings across GSF's vast array of products and capabilities. Adding to its diverse portfolio of dairy products, the company has recently introduced various liquid product lines to best serve its customers throughout the country.

About Golden State Foods

Golden State Foods (www.goldenstatefoods.com) is one of the world's largest diversified suppliers to the quick service restaurant industry. Established in 1947, the $6.6 billion company is values-based with proven performance in superior quality, innovation and customer service throughout the QSR industry. With approximately 4,500 employees worldwide, GSF services more than 100 customers on five continents from its 44 facilities. Its core businesses include processing of liquid products, dairy, produce, meat, and full-line distribution to the food industry. The company also runs a national non-profit organization, the GSF Foundation for kids.

About KanPak China

KanPak China, a GSF company, is a food manufacturer to the quick service restaurant industry, located in Xiantao City (Hubei Province). The company currently produces a variety of dairy-based products such as smoothies, ice cream, coffees, creamers, frozen desserts and specialty beverages as well as various liquid products including a range of condiments and sauces for the QSR and retail industries.

SOURCE Golden State Foods