Golden State Foods Acquires Full Ownership Of KanPak U.S. And KanPak China

IRVINE, Calif., April 7, 2016 /PRNewswire/ -- Today, Golden State Foods (GSF), one of the largest diversified food processors and distributors in the United States, announced full ownership, control and management of both KanPak U.S. and KanPak China, through the acquisition of the outstanding minority interests. GSF has been a majority owner in KanPak China since 2012 and KanPak U.S. since 2013, comprising eight facilities and more than 800 associates worldwide. KanPak produces an array of aseptic dairy products, including soft-serve ice cream, smoothies, coffee creamers and extended shelf-life products.

Dennis Cohlmia, KanPak founder and chairman of the board, has opted to sell his remaining interests in the company to pursue other business opportunities.

"We appreciate Dennis and his family for their entrepreneurial spirit in establishing KanPak five decades ago, along with his knowledge and expertise of aseptic processing," said Mark Wetterau, chairman and chief executive officer of Golden State Foods. "We are grateful for his insight and willingness to partner with Golden State Foods in recent years to expand the company's product offerings and services throughout the world and take the company to the next level."

Larry McGill will continue to serve as president and chief executive officer of KanPak U.S. He and his team will continue to grow the company to expand its products and services to best serve GSF's customers in their growing markets.

About Golden State Foods
Golden State Foods (www.goldenstatefoods.com) is one of the largest diversified suppliers to the quick service restaurant (QSR) industry. Established in 1947 and operating in Australia since 1994, the company is values-based with proven performance in superior quality, innovation and customer service throughout the QSR industry. With approximately 6,000 employees worldwide, GSF services more than 125,000 stores on six continents from its 45+ facilities. Its core businesses include processing of liquid products, meat, produce, dairy and other services as well as full-line distribution to the quick service restaurant industry. The company also runs the GSF Foundation – a national non-profit organization for kids. For more information, please visit: www.goldenstatefoods.com.

About KanPak LLC
KanPak LLC (www.kan-pak.com) is the industry leader in aseptically packaged coffee, dairy and fruit beverages and desserts. Based in Wichita, Kansas, the company has operations in Kansas, New York, Connecticut, China and Mexico. Established in 1965, KanPak employs more than 800 associates worldwide. For more information, please visit: www.kan-pak.com.

SOURCE Golden State Foods

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