Japanese food producer Ajinomoto has agreed to acquire US-based frozen food maker Windsor Quality for $800m.
Windsor has seven production facilities throughout the US and strong brands/positions in Asian, Mexican, Italian and appetizer segments.
The acquisition is expected to be completed in November.
Following the acquisition, Ajinomoto plans to increase sales of pot stickers, noodle and rice products in the US retail channel, by using Windsor's distribution network.
Ajinomoto aims to generate JPY190bn ($1.78bn) in worldwide sales in the frozen food business for fiscal 2016.
According to the company, the frozen food market in North America is valued at approximately $40bn and growing steadily, while the growth of Asian/Ethnic and differentiated categories of healthy/high quality foods within the market has been particularly robust in recent years.
