From Yahoo Finance: 2025-05-27 06:43:00

German condiments firm Develey sells US factory in Dyersburg, Tennessee to Newly Weds Foods. Financial terms undisclosed. Develey realigning US business model, focusing on sales and brand management. Both companies to benefit from partnership, with Develey emphasizing brand development, private-label business, sales, and customer relations. All employees to be retained by Newly Weds Foods. Newly Weds Foods to start manufacturing own products at Dyersburg site in early 2026. Acquisition to enhance liquid production capabilities, expand packaging options. Newly Weds Foods backed by Redwood Holdings, operates 31 plants globally. Acquisition reinforces commitment to expanding presence in sauce segment, complementing existing offerings. Investment to expand capacity to provide sauces to quick-service restaurants and food ingredients market.



Read more at Yahoo Finance: German condiments firm Develey sells US factory to Newly Weds Foods